Lme Inventory

COPPER UP 1250, LEAD UP 850, NICKEL UP 468, ZINC DOWN 350, ALUMINIUM DOWN 2150
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Neyveli Lignite

Neyveli Lignite plans expansion, planning to spend 5000 crore to raise power capacity
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Rbi on interest rates

RBI deputy says interest rates would not come down if banks not ready to cut the rates
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Bhel

bhel bags 1000 cr order from indian railway
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LME INVENTORY

ALUMINUM -1875 COPPER +4625 LEAD +50 NICKEL +360 TIN +70 ZINC -400
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7-Sept-09 Settlement Prices

Gold 15727 :: Silver 26331 :: Copper 311.05 :: Lead 114.55 :: Nickel 869.50 :: Zinc 93.25 :: Alumnium 89.95 :: Crude Oil 3320 :: Gas 130 :: CPO 330.20 :: SO 427.25 :: INR 48.65 :: Steel 23860
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7-Sept-09 Stock Market Performance

Educomp +75
Nifty +75
Thermax -4
Reliance +5 (cost2cost for most clients)
Tata Steel +5
Rel +10
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Mcx Calls

Currently copper, crude and gold call is on
Reply us for more details :)
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Selling presure in base metals

BASE METALS WITNESS SELLING PRESSURE AS CHINESE STOCK MARKET IS DOWN BY MORE THAN 5.5%
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30-June-09 News Headlines

Corporate News Headline

•BHEL has bagged a Rs. 1.7 bn order from Chennai Petroleum Corporation for setting up gas turbine-based co-generation power plant at its Manali refinery. (BS)
•Welspun-Gujarat Stahl Rohren has bagged orders worth Rs. 9.6 bn from India and overseas for producing pipes and others. (BS)
•Areva T&D has bagged an order from aluminium major Hindalco for erecting 440 KV substations at its plants in Singrauli (MP) and Sambalpur (Orissa). (BS)


Economic and Political Headline

•The government has decided to compensate states for any revenue loss on account of the implementation of the Goods and Services Tax, a move that will encourage states to go in for the new tax structure scheduled to be implemented from April 1, next year. (BS)
•Japan's manufacturers plan to limit production increases this month and in July, signaling the economy may be slow to recover from its worst postwar slump. (Bloomberg)
•European confidence in the economic outlook rose 73.3, more than economists forecast in June, adding to signs that record low interest rates and stimulus measures are helping to pull the region out of a recession. (Bloomberg)
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29-June-09 News Headlines

Corporate News Headline • Reliance Industries has signed a gas sales and purchase agreement with state-owned power major NTPC to supply gas at the government-mandated price of USD 4.2 per mmBtu. (BS) • Unitech is planning to raise USD 200 mn within the next three months by selling stake in its affordable housing projects to private equity players. (BS) • DLF said that it will reduce its huge debt of Rs. 140 bn to half by the end of this fiscal by raising funds through sales of non-core assets/businesses, and internal accruals. (BS)   Economic and Political Headline • The RBI has allowed Public sector banks to give more relief to farmers under the debt relief scheme, provided the lenders do not ask the Government to bear the losses. (BS) • The US Consumer spending rose 0.3% in May as benefits from the Obama administration's stimulus plan spurred a jump in American incomes, a sign that efforts to revive the economy are starting to pay off. (Bloomberg) • Japan's consumer prices fell 1.1% from a year earlier in May, adding to the risk that deflation will become entrenched and hamper a rebound from the nation's worst postwar recession. (Bloomberg)

26-June-09 News Headlines

Corporate News Headline

•GAIL India is planning to invest over Rs. 75 bn in laying natural gas transportation pipelines from Dabhol on Maharashtra coast to Bengaluru and Kochi to Mangalore. (BS)
•Areva T&D India has bagged an order worth about Rs. 12 bn from domestic steel major Jindal Steel & Power for a power project. (BS)
•Unitech reported Q4'09 result; total sales dropped 30.21% yoy to Rs. 28.89 bn, and net profit fell 27.93% yoy to Rs. 11.97 bn. (BS) 


Economic and Political Headline

•Driven by higher prices of food items like pulses, cereals, milk, and fruit and vegetables, inflation rose marginally to (-)1.14% for the week ended June 13 against (-)1.61% in the previous week. (BS)
•The US economy shrank 5.5% in the first quarter of 2009, much less than expected amid rising hopes of an early economic turn around. At the same time, the number of Americans seeking unemployment benefits climbed by 15,000 to 6,27,000 for the week ended June 20, indicating that labour market recovery may take longer time than expected. (BS)
•The Federal Reserve Chairman Ben S. Bernanke said that the central bank acted with the "highest integrity" in talks on Bank of America Corp.'s takeover of Merrill Lynch & Co., defending his record against some lawmakers who have alleged officials' actions were inappropriate. (Bloomberg)
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25-June-09 News Headlines

Corporate News Headline

•Tata Steel is learnt to have submitted a Rs. 1 bn revival plan for cable manufacturer Incab, awaiting clearance from the Board for Industrial and Financial Reconstruction. (BS)
•BHEL has secured an order worth Rs. 1.05 bn from Indian Oil Corporation for setting up a captive power plant at its Barauni Refinery Complex. (BS)
•ABB India has won orders worth Rs. 2.2 bn from Tata Projects to provide power products and solutions for a super-critical coal-fired power plant under construction in the southern Indian state of Andhra Pradesh. (BS)


Economic and Political Headline

•Excise collections for April have been badly hit, resulting the fiscal deficit touching 16% of target in the very first month itself, which could douse expectations of interest rate cuts. (BS)
•Orders for the US durable goods unexpectedly jumped 1.8% in May, a sign companies are gaining confidence the recession is easing. (Bloomberg)
•Japan's export slump deepened 40.9% from a year earlier in May, casting doubt on the nation's growth prospects as the economy struggles to emerge from its worst postwar recession. (Bloomberg)
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24-June-09 News Headlines

Corporate News Headline

•ONGC has made 28 oil and gas discoveries, including in the prolific Krishna Godavari basin, in the last fiscal but did not put reserve number to the findings. (BS)
•KEC International has bagged three orders totaling to Rs. 1.1 bn. One of the orders is in Peru, in the South American continent, and two in Chhattisgarh. (BS)
•NTPC is planning to sign the gas purchase agreement with RIL for its gas-based power plants other than the projects for expanding the Kawas and Gandhar units, on which litigation is going on with RIL. (BS)


Economic and Political Headline

•In the face of rising global crude oil prices, the Deputy Chairman of the Planning Commission, Montek Singh Ahluwalia has said that domestic prices of petrol, diesel, and cooking gas should be linked to oil prices in the international market. (BS)
•The sales prices of existing homes in the US dropped 17% in May from a year before, spurring a second straight gain in purchases and helping reduce the nation's glut of unsold properties. (Bloomberg)
•The President Barack Obama said that he expects the US unemployment rate will exceed 10% this year, though a second stimulus package is not needed yet. (Bloomberg)
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23-June-09 News Headlines

Corporate News Headline

•Jindal Saw has secured orders worth Rs. 10 bn for supplying pipes in both domestic as well as international markets. (BS)
•BHEL has bagged a Rs. 1.05 bn order from IOC for setting up a captive power plant at the latter's Barauni Refinery Complex. (BS)
•ABB India bagged orders worth Rs. 550 mn to provide electrical infrastructure for modernisation of Kolkata airport. (BS)


Economic and Political Headline

•The government is planning to hike the price of natural gas produced by ONGC and Oil India by over 17% and index it to inflation rate to help the two firms cut losses on selling fuel below cost. (BS)
•The UK home sellers lowered asking prices in June for the first time in five months as banks scaled back lending and required buyers to stump up bigger deposits. (Bloomberg)
•European Central Bank President Jean-Claude Trichet said that there's still a risk that renewed financial turmoil could hamper an economic recovery. (Bloomberg)
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22-June-09 News Headlines

Corporate News Headline

•NALCO has added 120 MW capacities at its captive power plant under its ongoing second phase of expansion. (Reuters)
•Indian Oil Corporation's refinery project at Paradip in Orissa would be operational from November 2012 after its completion in August that year. (BS)
•IRB Infrastructure Developers has emerged as the lowest bidder for the Rs. 12 bn project of National Highway Authority of India. (BS)


Economic and Political Headline

•The Governor Duvvuri Subbarao said that the Reserve Bank of India should look at eventually reversing the expansionary policy pursued in the wake of the global economic crisis. (Reuters)
•Seeking to mollify the fears of banks that high government borrowing would not allow interest rate to come down, the Planning Commission said that the fiscal deficit will be high but not in "double digits". (BS)
•The European Central Bank President Jean-Claude Trichet dismissed concerns over a possible threat of deflation and said that the ECB would guarantee price stability over the medium term. (Reuters)
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19-June-09 News Headlines

Corporate News Headline

•Tech Mahindra has received approval from the US anti-trust authority regarding its Rs. 11.54 bn open offer for the purchase of an additional 20% stake in Satyam Computer. (BS)
•Shree Renuka Sugars said that it will expand its sugar refining capacity at its Athani unit in Karnataka to 2,000 tonne per day from 1,000 tonne per day. (BS)
•ONGC is resuming operations in insurgency-hit Nagaland after a gap of 15 years and has opened a liaison office at Dimapur. (BS)


Economic and Political Headline

•Inflation turned negative 1.61% for the first time in thirty years but the prices of food items like fruit and vegetables, cereals and oil were still higher than last year. (BS)
•The index of the US leading economic indicators rose 1.2% in May for a second consecutive month and a regional factory gauge climbed more than forecast in June, showing the worst recession in five decades may soon end. (Bloomberg)
•The UK retail sales unexpectedly dropped 0.6% in May for the first time in three months and Bank of England Governor Mervyn King said the economic recovery may be sluggish as banks ration credit. (Bloomberg)
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18-June-09 News Headlines

Corporate News Headline

•Omaxe said its subsidiary has bagged a contract worth Rs. 1.28 bn from UP Projects Corporation Ltd for various construction related works. (BS)
•Ansal Properties & Infrastructure sought shareholders approval to raise Rs. 40 bn from private placement of shares with qualified institutional buyers and through international fund raising routes. (BS)
•BPCL has entered into an agreement with Engineers India for commercializing the in-house technology developed by BPCL- Kochi Refinery. (ET)


Economic and Political Headline

•The Finance Ministry is contemplating diluting provisions of Fringe Benefit Tax by which companies may not have to pay taxes on certain perks and allowances availed of by employees. (BS)
•The cost of living in the US fell 1.3% in the year ended in May, the most since 1950, easing concern that government efforts to revive the economy will lead to an immediate outbreak of inflation. (Bloomberg)
•The UK saw a whopping 2.26 mn people becoming jobless in the three months to April 2009, pushing the unemployment numbers to the highest in 12 years, as the economy continued to reel under recession. (BS)
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17-June-09 News Headlines

Corporate News Headline

•RNRL has joined the race to hire the LNG terminal adjacent to the Dabhol power plant to import liquefied natural gas cargoes. (BS)
•Sesa Goa is looking to raise about Rs. 5.83 bn through issue of shares to the firm's promoters and its associates. (ET)
•IVRCL Infrastructures and Projects has secured orders worth Rs. 4.32 bn from Mumbai-based Coastal Gujarat Power Limited for design and construction of all main civil works. (BS)


Economic and Political Headline

•Available data on advance tax payments for the first quarter of the financial year indicates that the manufacturing sector may take more time to recover, while the financial sector remains buoyant. (BS)
•Housing market in the US starts jumped more than forecast in May while industrial production tumbled, offering a picture of an American economy still struggling to emerge from the deepest recession in half a century. (Bloomberg)
•The UK inflation rose 2.2% from a year earlier in May, at slower than economists forecast after higher taxes and the weakness of the pound sustained price pressures in the economy. (Bloomberg)
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16-June-09 News Headlines

Corporate News Headline

•RIL has received order from the Bombay High Court to assure gas supply of 28 mmscmd from Krishna-Godavari basin D6 block to RNRL for 17 years at USD 2.34 mmbtu. (BS)
•Ansal Properties & Infrastructure is planning to raise funds up to Rs. 15 bn through the issue of securities on a private placement basis to qualified institutional buyers. (BS)
•Deep Industries has bagged two contracts worth Rs. 720 mn from ONGC for hiring natural gas compressors to the company. (BS)


Economic and Political Headline

•Leaving for Russia on his first foreign visit after assuming office for a second term, Prime Minister Manmohan Singh said that India is ready to play its part in coordinating global efforts to overcome the economic slowdown. (BS)
•The International Monetary Fund has raised its outlook for the US and called for steps to reduce concern about rising public debt and inflation. (Bloomberg)
•Group of Eight finance ministers began drawing up contingency plans for rolling back budget deficits and bank bailouts as the economy shows signs of recovery and investors start worrying about inflation. (Bloomberg)
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