INR Falling

INR Falling; Current Account Deficit Shoots up; Breached 43/= Levels Vs Dollar >>> Crude Making New High and Gold Surging to 934$ on spot; Euro heading high against Dollar ahead of ECB meeting - on expectation of possible 25Bps rate hike !!!!!!!!!

large caps got converted into midcaps,midcaps got conerted into small caps,small caps into penny stocks n thus genuine penny stocks become mkt outperformers...it happens only in INDIA

The market was subdued on Monday afternoon amid weak global cues and a rise in crude oil. Concerns over the higher inflation and political uncertainty also weighed down sentiment.Crude oil was hovering around $142.5 a barrel on Monday, near the record $142.99.

On Friday, data showed India's inflation rate jumped to 11.42 per cent in the 12 months to June 14, up from 11.05 per cent the previous week, its highest in more than 13 years

ABG SHIPYARD

ABG SHIPYARD - DELIVERY OF VESSEL TO LAMNALACO GROUP, U.A.E.

NIFTY

NIFTY = N(O) I(NCOME) F(OR) T(HIS) Y(EAR

PM openly saying in media just now....that we will go thru with nuke deal.......not concerned by what left is saying.......so things r hotting up.......some new allies has been worked.......

the evidence that deal with SP and Congress has been done .... 1: Sahara which is very close to SP has got reprive from RBI that i can carry all NBFC functions including taking FDs 2: Maya has pulled out of UPA as SP has gone in ...SP and BSP cannot be in 1 camp : 3:just check the body language of mulayam singh and mar singh ...they have not uttered a single word against congress from last 15 days

mulayam singh will support the govt and as u know ... if a govt survives a confidence vote or no confidence vote it can last for another 6 months without any threat ..... amar singh has said they will suppot the congress and with sp UPA will easily sail thru the floor test ....market will recover easily ..because UPA will function without left for 6 months

REAL ESTATE SHARES ARE BLEEDING ON INCOME TAX SCRUTINY NEWS......ALL REAL ESTATE DEALS ABOVE 30 LAKHS FACING COMPULSORY SECRUTINY,,,,MORE PAIN SEEN FOR DLF,,UNITECH,,,SOBHA,,OMAXE,,HDIL,,,PURAVANKARA,,,etc

BY FINANCE MINISTER - IF U MAKE PROFIT U NEED NOT EXPLAIN BUT IF U MAKE LOSS U SHOULD NOT BE THERE TO EXPLAIN

IF U BORN POOR ITS NOT UR MISTAKE, BUT IF U DIE POOR ITS UR MISTAKE (P.CHIDAMBARAM)

The spectre of inflation and a bear market in equities is a powerful formula to rekindle investor interest in gold, which looks to be staging a catch-up rally after lagging other commodities in 2008.

Bullion, which has often moved in lock-step with oil because of the metal's appeal as a hedge against inflation, has in the last several months parted ways with the energy and grain markets, which have soared to record highs

News 30-Jun

Headlines for the day

Corporate News Headline
NTPC signed a power purchase agreement with Gridco for supply of power f0072om its 1,320 MW Barh project-stage-II in Bihar. (BS)
Unitech is planning to dilute 26% stake in its telecom arm to a strategic foreign partner, for which it is in discussion with a few telcos. (ET)
Parsvnath developers received a Rs. 1.25 bn order for constructing a park in Bihar. (BS)

Economic and Political Headline
Inflation based on the Wholesale Price Index stood at 11.42% for the week ended June 14, comparing with 11.05% in week earlier, due to higher prices of food items like tea, milk, and cereals. (ET)
The prices of flat and long steel products have plunged by up to 14% in May following the government´s measures to control inflation in the steel sector. (ET)
The US Consumer spending surged 0.8% in May, fed by mounting inflation and the round of income-tax rebates unleashed to brace a soft economy. (WSJ)

Bank of Baroda

Bank of Baroda Plans 5 New Branches in U.A.E., Gulf News Says

South Indian Bank

South Indian Bank may offer 1:4 bonus :Coimbatore, June 29 South Indian Bank shareholders are likely to get one bonus share for every four shares held by them. While this is the recommendation made by the bank’s board, which met at its headquarters in Thrissur on Saturday, the same is subject to shareholders approval.

blast in rawalpindi (pakistan)

blast in rawalpindi (pakistan) souce star news..news...

RNRL

Reports to buy RNRL on basis of that it`s coming int o cement prodiction under reliance cement.. Check Your Sources .... MKT NEWS

L&T

L&T WINS 15.6 BLN RUPEE ORDER FROM APPPDCL

'Rupee to test 47-level vs USD, GDP growth 6 pc by year-end'...bloomberg

PRECISION PIPES(PPAP)

PRECISION PIPES(PPAP) BOARD RECOMMENDS 30% DIVIDEND

Deliveries purchased on 30th June 2008, will not be available for selling on next settlement (1st July,2008 ) as the Pay-in for both the settlements are on 3rd July, 2008 at different timing. . If any client doing same will be at his own risk.



Also pls take care for next settlement nos is 2008125 in NSE & 0809065 in BSE for next trading day i.e. 02/07/2008.