4-May-09 Mcx Settlement Prices

Today's Settlement Prices :: Gold 14433 :: Silver 21445 :: Copper 236.15 :: Lead 71.95 :: Nickel 605.80 :: Zinc 75.70 :: Crude Oil 2678 :: Natural Gas 184.60 :: CPO 404.90 :: HO 70.70 :: CPO 517.55 :: INR 49.90
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Gold short zooming

We short Gold June at 14550
Cmp 14475. We are rocking :)
Already 75 points minted, more to come. For more info email us at moneybazaars@gmail.com
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Short Silver

Short Silver July at 21400 Sl 21860 Tgt email us at moneybazaars@gmail.com
SL ON CLOSING BASIS.
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Short Gold

SHORT GOLD JUNE 14550 SL 14800 TGT email us at moneybazaars@gmail.com
& Short silver also.
Happy Trading
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1-May-09 Mcx Settlement Prices

Today's Settlment Prices :: Gold 14272 :: Silver 20717 :: Copper 233.45 :: Lead 70.05 :: Nickel 591.40 :: Zinc 74.85 :: Crude Oil 2659 :: Natural Gas 179.20 & HO 69.30
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17-April-09 News Headlines

Corporate News Headline
•Tech Mahindra would pay Rs. 17.56 bn before the deadline of April 21 for acquiring 31 % stake in Satyam Computer for which it got the approval from the Company Law Board. (BS)
•Unitech has moved to raise USD 325 mn through qualified institutional placement route mainly to service its debt of over Rs. 80 bn. (BS)
•Suzlon Energy is seeking to reschedule payments to Portugal's Martifer SGPS SA for buying a 22.4% stake in German unit REpower Systems AG. (Bloomberg)

Economic and Political Headline
•Inflation eased to 0.18%, the lowest ever in the last three decades, even as prices of food articles like pulses, cereals and vegetable hardened during the week ended April 4. (BS)
•Industrial production in Europe contracted 18.4% in February from the year- earlier month as the deepening global recession curtailed demand for manufactured goods around the world. (Bloomberg)
•China's economy, battered by collapsing exports, grew at 6.1% in the first quarter from a year earlier, the slowest pace in almost 10 years. (Bloomberg)
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16-April-09 Mcx Settlemet Prices

Today's Settlement Prices :: Gold 14140 :: Silver 20372 :: Copper 238 :: Lead 74.55 :: Nickel 620.70 :: Zinc 74.30 :: Crude Oil 2601 :: Natural Gas 179.30 :: CPO 367 :: HO 70.70 :: SO 490.25 :: 49.76
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16-April-09 News Headlines

Corporate News Headline
•Infosys reported Q4'09 results, total revenue rose 24% yoy to Rs. 56.35 bn, and net profit increased 29% yoy to Rs. 16.13 bn. (BS)
•Tech Mahindra has raised Rs. 8.75 bn from debt securities to help fund the acquisition of the beleaguered IT firm. (BS)
•L&T had signed an agreement with Russian company Atomstroy export for co-operation on nuclear power reactors. (BS)

Economic and Political Headline
•The Domestic air traffic declined by 12.22% in the first quarter of calendar year 2009, compared with the same period last year, and by 16.21% in March when compared with the same month last year. (BS)
•The US consumer price index fell 0.4% in March from a year before, and output at factories, mines, and utilities dropped 1.5% last month, when the share of industrial capacity in use slid to 69.3%. (Bloomberg)
•The Federal Reserve said the US contraction slowed across several of the biggest regional economies last month, with some industries "stabilizing at a low level." (Bloomberg)
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15-April-09 Settlement Prices

Today's Settlement Prices :: Gold 14282 :: Silver 21093 :: Copper 240.90 :: Lead 76.90 :: Nickel 612.20 :: Zinc 74.30 :: Crude Oil 2588 :: Natural Gas 183.50 :: CPO 370.10 :: HO 69.90 :: SO 490.25 & INR 49.65
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15-April-09 News Headlines

Corporate News Headline
•The Satyam board approved Tech Mahindra's offer of Rs. 58 a share, trumping Rs. 45.90 a share offered by Larsen & Toubro. (BS)
•Pantaloon Retail to be renamed Future Markets and Consumer Group will become the holding company for two of its biggest divisions, which will be spun off and made fully-owned subsidiaries. (BS)
•Pfizer Inc has offered about Rs. 680 crore to raise its stake in its Indian subsidiary to 75% from 41%. (BS)

Economic and Political Headline
•Recession in developed economies crippled demand for Indian goods and export growth slowed to 7.3% in April-February to USD 156.6 bn from a year earlier, sharply lower from close to 20% seen in 2007-08, commerce secretary G K Pillai said. (ET)
•Prices paid to US producers unexpectedly fell in March after two months of gains, indicating the recession is keeping inflation under control. The 1.2% decrease followed a 0.1% gain in February, figures from the Labor Department showed. (Bloomberg)
•Retail sales in the US unexpectedly dropped in March for the first time in three months, raising concern the biggest part of the economy may falter once again heading into the second quarter. Purchases fell 1.1%, with declines from car dealers to electronics stores and restaurants, the Commerce Department said. (Bloomberg)
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14-April-09 Mcx Settlement Prices

Today's Settlement Prices :: Gold 14328 :: Silver 21110 :: Copper 231.95 :: Lead 73.20 :: Nickel 580.20 :: Zinc 70.45 :: Crude Oil 2448 :: Gas 183.20 :: H.O. 69.55 & INR 49.48
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13-April-09 Mcx Settlemet Prices

Today's Settlement Prices :: Gold 14376 :: Silver 21069 :: Copper 234.85 :: Lead 71.75 :: Nickel 557 :: Zinc 69.95 :: Crude Oil 2566 :: Natural Gas 181.30 :: C.P.O. 356.60 :: H.O. 71.25 :: S.O. 482.20 & INR 49.88
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13-April-09 News Headlines

Corporate News Headline
•L&T bagged order worth Rs. 6.05 bn from the Water and Steel sectors in the last quarter of FY09. (BS)
•ONGC, RIL, and IOC are stitching together an alliance to bid for developing a vast oilfield in Venezuela at a cost of USD 16-18 bn. (BS)
•SBI has reduced lending rates for new SME loans up to Rs. 5 lakh to 8% and that for loans of Rs. 5-25 lakh to 10%, SBI Chief General Manager B S Bhasin said. (ET)

Economic and Political Headline
•Inflation declined to 0.26%, the lowest ever in more than three decades, for the week ended March 28 mainly on account of food items and mineral products. (BS)
•The number of Americans filing first-time claims for unemployment insurance exceeded 600,000 for a 10th straight week and the total collecting benefits increased to a record, signs the labor market remains weak. (Bloomberg)
•The Bank of England left the benchmark interest rate unchanged at 0.5% and said it will keep buying government bonds to fight the deepest recession in a generation. (Bloomberg)
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Holiday - Good Friday

Holiday:: Good Friday
10th April 2009
Friday
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9-April-09 News Headlines

Corporate News Headline
•ACC would invest around Rs. 29 bn in the next one year to increase its capacity to over 30 mtpa from the present 22.63 mtpa. (BS)
•Jindal Stainless is planning to raise up to Rs. 5 bn to part fund the second phase of its Rs. 57 bn Orissa project. (BS)
•IDEA Cellular is planning to invest Rs. 10 bn in Orissa in the next three years to expand its footprint. (ET)

Economic and Political Headline
•The total passenger car sales in the domestic market increased marginally in March to 1,29,358 from 1,28,098 units in the same month last year. (BS)
•The sales at the US wholesalers rose 0.6% in February for the first time in eight months, contributing to a record drop in inventories that indicates distributors are well on the way to eliminating the glut in stockpiles. (Bloomberg)
•The UK economy shrank 1.5% in the first quarter as the recession increasingly resembled the one that started in 1979 when Margaret Thatcher took power. (Bloomberg)
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Torrent Power gets Long Term Open Access Approval From CEAFor Surat Unit

Long Term Open Access (LTOA) for 500MW capacity out of 1100MW Sugen generaion project in Gujarat was already provided subject to availability of dedicated and identified system strengthening schemes.
 
However, it was informed that M/s Torrent Power has indicated that out of two LILO (Gandhar – Vapi at Sugen and Gandhar – Dehgam at Sugen –temporary arrangement] LILO of Gandhar – Vapi at Sugen is ready while other LILO of Gandhar-Dehgam at Sugen will take some more time.
 
Further, the first unit was ready for transfer of power.
 
It was discussed and decided that LTOA may be provided upto 500 MW progressively with already completed LILO arrangement viz with the commissioning of 1st unit of 365 MW LTOA may be provided for 365 MW and with commissioning of 2nd unit of 365 MW LTOA can be enhanced to 500 MW.
 
It was also agreed that the generation unit shall share the WR regional transmission charges corresponding to 365 MW on commissioning of 1st unit and 500 MW with commissioning of 2nd unit.
 
In case of any transmission constraint, suitable measures such as backing down may be required. It was also decided that M/s Torrent Power should expedite and complete the balance work of the dedicated transmission system at the earliest.

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8-April-09 Settlement Prices

Today's Settlement Prices :: Gold 14298 :: Silver 20553 :: Copper 220.85 :: Lead 66.90 :: Nickel 547.10 :: Zinc 67.80 :: Crude Oil 2538 :: Natural Gas 183.10 :: CPO 329.70 :: HO 72.25 :: SO 467.25 & INR 50.17
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EIA Crude Inventories

EIA Crude Inventories: CrudeOIL- +1.7 mnb, Distillates-Down 3.4 mnb, Gasoline- + 0.6 mnb
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7-April-09 Headlines

Corporate News Headline
•IVRCL Infrastructures and Projects bagged orders worth Rs. 3.59 bn including a project to construct a road flyover on a turnkey basis in Kolkata from the Kolkata Metropolitan Development Authority valued at Rs. 1.64 bn. (BS)
•HCL Technologies has entered into a six-year, multi-regional data centre services and transformation engagement with Xerox Corporation. (BS)
•Power Grid will borrow USD 2 bn from the World Bank and Asian Development Bank to part finance Rs. 550 bn investment plans till 2012. (BS)

Economic and Political Headline
•The Reserve Bank's Governor D Subbarao said that the main policy objective in the global crisis would be to arrest the moderation in economic growth and restore the eroded market confidence. (BS)
•The pace of borrowing by the US consumers fell 3.5% at an annual rate in February as fewer Americans sought credit to make purchases amid what may become the worst recession in seven decades. (Bloomberg)
•The UK manufacturing dropped 6.5% in the three months through February, the most in at least four decades as the global economic slump throttled demand for goods from cars to ceramics. (Bloomberg)

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