Market Share Of Hits 3-1/2-week Metals Shine As High

Company has taken an opening benchmarks key to their highest level in over 3-1/2 weeks in early trade. Data showing the recovery of the purchase by foreign funds and firm Asian stocks underpinned sentiment. BSE Sensex rose 118.91 points or 0.64%. The size of the market was strong. Index heavyweight Reliance Industries (RIL) rose slightly. Metal inventories increased metal prices received on the London Metal Exchange on Tuesday, 28 Juni, 2011NRI Share Trading Account.

Foreign institutional investors (IIE) bought shares worth Rs 819.41 million rupees on Tuesday, June 28, 2011, according to provisional figures published by the bags.

At 9:25 IST, the BSE Sensex up 118.91 points, or 0.64% to 18,611.36. The Sensex rose 126.51 points to 18,618.96 on the day high in early trading, its highest since June 3, 2011. The index rose 59.74 points to 18,552.19 on the day a bit in early trading.

S & P CNX Nifty rose 33.05 points, or 0.6% to 5578.35. The level reached in Nifty 5582.30 in early trading, its highest level since June 3, 2011.

Extension of the market, shows the general health of the market was strong. BSE 747 shares advanced while 299 shares declined. A total of 39 shares remained unchanged.

Of the 30 member Sensex pack, 27 stocks rose rest fell. Bhel, Jindal Steel & Power and Infosys rose 1.2% to 1.62%.

Index heavyweight Reliance Industries (RIL) rose 0.32%. Ril reported tax payment jumped 38.46% to Rs 900 crore in Q1 June 2011 over Q1 June 2010. Higher than the pre-payment of tax normally indicates a higher profit for the period under review PAN Card for NRI.

The stock EFI has been a sell-off recently after reports of a government watchdog has accused the Ministry of Oil to promote RIL allowing you to double the cost of developing the gas field in KG-D6. The stock hit a 52-week low of 829 rupees in intra-day, June 20, 2011. According to recent reports, a draft report of the Comptroller and Auditor General of India (CAG) has challenged the decision of the Ministry of Petroleum and its technical arm, the Director General of Hydrocarbons (DGH) for the EFI raise the cost of developing RIL KG-D6 field NRI Online Trading account.

RIL said it has met the requirements of its production sharing contract at any time in the execution of oil operations.

State-owned ONGC was 0.14% of the reports to the Board of Directors has approved the post-graduate public offering (FPO). Business documents files after the market regulator FPO receives green light from the government. The company intends to publish the offer in July 2011.

Bajaj Auto fell 2.06% to the ex-dividend share today, June 29, 2011, a dividend of 40 rupees per share for the year ending March 2011.

Metal stocks rose on the board as LMEX, a measure of six metals traded on the London Metal Exchange, gained 1.05% Tuesday, June 28, 2011. Sterlite Industries, Hindalco Industries, Nalco, Sesa Goa, Hindustan Zinc, Jindal Steel & Power, JSW Steel Candle and rose 0.33% from 1.2% NRI Demat Account.

Manufacturer of steel company in India first by sales Tata Steel gained 0.33%. Tata Steel, last week said it received about $ 130 million as part of an arbitration between the subsidiary of Tata Steel UK and some others related to the distribution of Teesside commercial products. The company said that after the partial final award of a commercial establishment in all disputes related to sampling agreements and the Company has completed a full and final settlement of claims with the consortium of buyers.

The market may remain volatile in the short term as traders rolling over positions in the derivatives segment in June 2011 Series 2011 Series for July. The quasi-June 2011 months derivative contracts expire Thursday, June 30, 2011.

Expectations for Q1 June 2011 results will begin construction of the first quarter comes to an end. Housing finance major HDFC earnings season begins, July 8, 2011. IT barometer of Infosys Technologies Q1 results announced July 12, 2011.

A hike in transport costs will increase pressure on the cost of India Inc. As reported by the freight rates increased 8% to 9% with immediate effect on all roads across India after the recent rise in diesel prices.

As reports by capital investment projects worth a massive Rs 8 lakh crore to be completed in the year ending March 2012 (fiscal 2012). Many of these projects were carried over from the previous year, reports said.

Meanwhile, the recent increase in diesel and LPG prices also add to inflationary pressures in the economy. The price index for food increased by 9.13% and the rate of fuel prices increased 12.84% in the year to June 11, 2011, as published by the government Thursday, June 23, 2011 showed . In the past week, food and fuel inflation stood at 8.96% and 12.84% respectively. The price index for primary articles rose by 12.62% compared to an annual increase of 12.86% a week earlier.

As reported per capita spending on major capital projects worth Rs 8 lakh crore is expected to be completed in the year ending March 2012 (fiscal 2012). Many of these projects have fallen on the previous year, reports said.

CFO of the United States and India committed themselves Tuesday to continue efforts to open India’s financial, distribution, manufacturing and infrastructure sectors to competition, but proposed no specific measures to increase access for U.S. companies.

Asian stocks rose Wednesday, June 29, 2011 before a vote in the Greek Parliament as investors hoped to approve a tight schedule demanded by international lenders. The key benchmark indices in Hong Kong, Indonesia, Japan, Singapore, South Korea and Taiwan increased from 0.42% to 1.21%. China’s Shanghai Composite fell 0.43%.

The Greek Parliament is conducting a two-day session of Parliament on key austerity measures from today, June 29, 2011. Greece is required to reduce expenditures in order to receive her next round of aid funds.

The U.S. index futures said the Dow could fall 20 points at the opening bell Wednesday, June 29, 2011. U.S. Federal Reserve decided to end their $ 600 billion of bonds to purchase the program later this month, according to the schedule.


One Comment

  1. Lizabeth, 6 years ago

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