ITC Reached A Record Level

The benchmark index rose key to reach record highs 2-1/2-week fresh in morning trading in Asia reinforced by strong feeling. BSE Sensex rose 128.27 points or 0.69%. The market breadth was strong. Index heavyweight Reliance Industries (RIL) won the first return. Capital goods stocks rose on renewed buying. cigarette manufacturer ITC reached a record high today. Most of the stocks of other consumer products rose after data on Tuesday showed that agricultural production rose a strong 7.5% in the Fourth Quarter March 2011.Maruti Suzuki India rose slightly after reporting higher sales high in May 2011. from aviation have risen amid reports on the status of the directors of oil marketing companies have cut oil prices by about 4%, effective today, first in June 2011.( PAN card for nri )

The market compared gains after a good start. The market soon rebounded. The market rose to fresh intraday high in morning trading.

At 10:20 IST, the BSE Sensex was up 128.27 points or 0.69% to 18,631.56. Sensex jumped 128.70 points at 18,631.98 today most often in morning trading at the highest level since May 13, 2011. The index rose 23.58 points lower to 18,526.86 in early trade.

S & P CNX Nifty rose 34.70 points, or 0.62% to 5,594.85. Nifty shot up to 5,595.75 in morning trade at the highest level since May 13, 2011.

Extent of the market, shows the health market was strong. BSE, 1456 shares advanced while 614 shares declined. A total of 92 shares remained unchanged.

Among the 30-member Sensex pack, 24 stocks rose while rest of them fell. Jaiprakash Associates, Tata Motors and DLF fell 0.31% to 1.01%. NTPC, Bharti Airtel and Reliance Infrastructure rose 1.41% from 2.49%.

Index heavyweight Reliance Industries (RIL) fell 0.11% to 950.75 rupees, rest day the large number of RIL is Rs 958th regasified would purchase liquefied natural gas (R-LNG) from Royal Petrone Dutch Shell and LNG at twice the price. The decision comes in the wake of the shortage of natural gas from its D6 field in the Krishna-Godavari (KG) basin. ( nri share trading account )

largest automaker in India by sales Maruti Suzuki India rose 0.94% after the company said that the market hours today that total sales rose 1.9% to 1.04 lakh units in May 2011 over May 2010. Domestically, sales rose 3.9% to 93,519 units. Exports fell 13% to 10,554 units.

Capital goods stocks rose on renewed buying. ABB, Larsen & Toubro, Bhel, and Siemens were up between 0.03% to 1.61%.

Cigarette maker ITC rose 0.31% RS 193.95. Stock rose to Rs 195 today, June 1, 2011.

Most of the populations of other consumer products rose after data showed on Tuesday that agricultural production rose a strong 7.5% in Q4 March 2011. Hindustan Unilever, Nestle and United Spirits of India rose 0.42% to 1.65%.

Aviation stocks rose on reports of public companies to market oil have reduced the price of kerosene by 4% from today, June 1, 2011. Jet fuel represents about 40% of operating costs for airlines. Kingfisher Airlines, Jet Airways and SpiceJet rose between 2.35% to 2.83%.  ( nri demat account )

Punj Lloyd fell by 3.3% on booking profits after Tuesday’s 17.5% rally was triggered by turning Q4 March 2011 results.

SKS Microfinance has increased by 1.41% after the company said it will implement a processing fee of 1% of the loan amount on all micro-credit through India from June 1, 2011.

Patni Computer Systems advanced 2.37% after the company’s American depository receipts, or ADRs rose 5.49% to $ 15.57 in New York Stock Exchange Tuesday, May 31, 2011.

Foreign Institutional Investors (FII) bought shares worth R 1310.98 crore and domestic funds sold shares worth Rs 596.66 crore Tuesday, May 31, 2011, preliminary data released for trade.

On the macroeconomic front, the latest data showed that the Indian economy grew at a slower pace than expected 7.8% in the fourth quarter in March 2011 Quarter and also slower than the revised growth of 8.3% in the third quarter 2010 December quarter. Production of manufacturing rose 5.5% and agricultural production rose 7.5% in the fourth quarter 2011 March quarter. GDP grew by 8.5% for the year ended March 2011, over 8% growth the previous year.

Monsoon rains hit Kerala two days earlier than expected this year, raising the prospect of a crop that could stimulate the third largest economy in Asia. The India Meteorological Department (IMD) has predicted that the southwest monsoon in 2011 to 98% (normal) for long-term average (LPA) with a model error of plus or minus 5%. IMD said that there is very little chance for the rainy season as incomplete (less than 90% of LPA) or excess (over 110% of LPA). ( nri online trading account )

A good rain would help the consumer inflation and promote rural income. Rain falling 96% and 104% long-term average is considered a normal monsoon season, but that alone does not guarantee a good harvest. The timing and distribution of precipitation are equally important. The number and geographical distribution of rainfall during the monsoon season is crucial for Indian agriculture, which has no irrigation, more than half of its arable land. Monsoon rains usually in the Indian state of Kerala in southern mainland in the first week of June, gradually progresses to cover most of central and northern Italy in July, before retiring in September.

Most Asian stocks rose Wednesday following the overnight gains in U.S. stocks. The key benchmark indices in Indonesia, Singapore, Japan, South Korea and Taiwan were up between 0.21% to 0.98%. The key benchmark indices in China and Hong Kong fell 0.14% to 0.25%.

A compiled version of the private managers of China’s purchase index fell to a 10-month low of 51.6 in May 2011 from 51.8 in April 2011. HSBC said the PMI survey, prepared by Markit and released Wednesday, said the modest growth of manufacturing in China, such as production and new orders grew at a slightly reduced pace. He also said that inflation in input costs has been reduced to a low level in nine months for the month, but held firm, however. China’s official version of the PMI, released Wednesday, printed in 52, down from 52.9 in April

Investors watch a lot of studies that should give an idea of ​​the state of the industry in Europe and the United States later in the day world.

The U.S. index futures suggest the Dow could win 29 points at the opening bell, Wednesday, June 1, 2011.

second round of Fed easing quantitative or QE2, an interim policy to increase the money supply, keeping interest rates low and stimulate the economy, ending June 30, 2011.


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