Shares Of Auto Bank To Recover

Key benchmark indices rose to fresh intraday highs on the morning of the signing of the Asian markets. The BSE Sensex up 145.40 points or 0.83%, almost 25 points high and nearly 145 points from day low of the day. The size of the market was positive. Index heavyweight Reliance Industries (RIL) extended early gains. Stocks automobile and banking increased by bargain hunting after recent crash NRI Online Trading account.

The market opened on a note of the company and the shares in Asia rose. The market recovered after falling into the red for a brief period in the morning trade. The market rose to new intraday trading in the mid-morning NRI Share Trading Account.

At 11:20 IST the BSE Sensex was up 145.40 points or 0.83% to 17,652.03. The Sensex was 168.86 points at day high 17,675.49 in midmorning trading. The index fell 2.37 points to 17,504.27 day low in early trading.

The S & P CNX Nifty rose 52.50 points or 1% to 5310.40.

The size of the market was positive. On BSE, 1292 shares advanced while 959 shares declined. A total of 106 shares remained unchanged. Bank had swung between positive and negative zone earlier in the day NRI Demat Account.

Among the 30-member Sensex pack, 24 shares rose, while the rest of them fell. Jaiprakash Associates, Maruti Suzuki India and ONGC fell 0.54% to 1.46%. Bharti Airtel, TCS and Hindalco Industries rose between 1.81% to 1.93%.

Index heavyweight Reliance Industries (RIL) gained 1.73% to 849.05 rupees on bargain hunting after recent sharp decline. The stock hit a 52-week low of Rs 829 on Monday, June 20, 2011. The stock has fallen recently, reports of a government watchdog has accused the Ministry of Oil to promote the company by allowing it to double the cost of developing its KG-D6 gas field. 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. The Central Bureau of Investigation (CBI) is looking into the matter PAN Card for NRI
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RIL had said last week it has fully complied with the requirements of its production sharing contract at any time in the execution of oil operations. Meanwhile, RIL is before tax would have jumped 38.46% to RS 900 crore in the first quarter, in June 2011 at the First District in June 2010. Higher pre-tax payment usually indicates an increase in earnings for the period under review.

Interest rate sensitive stocks rose to drive a bargain hunting after recent losses. The tractor and utility vehicle maker Mahindra & Mahindra (M & M) got 1.15%, with the stock take four days of losses. The company reportedly before tax increased by 42.85% Rs 90 crore in Q1 June 2011 on Q1 June 2010.

The largest manufacturer of trucks and buses India, Tata Motors rose 1.64%, with a volume adjustment three days of losses caused by the reports of advance payment of lower taxes by major automakers. Tata Motors, withholding tax is reduced from 4.61% to Rs 62 million rupees in June 2011 in Q1 Q1 June 2010.

Tata Motors vehicle sales rose overall from 11% to 88,251 units in May 2011 over May 2010. Jaguar and Land Rover sales rose 17% to 22,296 units, driven by a 30% increase in sales of Land Rover. The company announced sales figures last week.

Bajaj Auto rose 0.18%, with losses of stocks breaking four days. It provides that the company has increased 13.63% to Rs 125 million rupees in June 2011 in Q1 Q1 June 2010. Another motorcycle manufacturer Hero Honda Motors gained 1.64%.

Maruti Suzuki India fell 0.08%, the stock fell for a seventh day directly to concerns arising from the intense competition in the small car segment in India.

Bank shares rose broadly on bargain hunting. India’s second largest private sector bank by net profit HDFC Bank rose 0.63%. Withholding tax of the bank would have increased 26.98% to RS 400 crore in the first quarter, in June 2011 in the first district in June 2010.

The largest sales network in India bank branch of the State Bank of India (SBI) was 0.84% ​​for RS 2198th The stock touched a low of Rs 2123 for 52 weeks on Monday. Withholding tax of the bank would have increased 29.41% to Rs 1100 crores in the first quarter, in June 2011 in the first district in June 2010.

India’s largest private sector bank ICICI Bank net profit was 0.37%. Bank pre-tax profit increased by 11.42% reported RS 390 crore in Q1 June 2011 over Q1 June 2010.

Lanco Infratech rose 0.9% after the company won an engineering contract for the construction of the international market and Rs 365.28 crore for Ahaz is Central Iraq.

Foreign direct investment (FDI) flows back to India in April 2011, an increase of investment sectors, construction and automotive reverse the sharp decline in the previous fiscal year, the government said on Monday.

On the political front, the Supreme Court on Monday rejected the means to rescue Kanimozhi DMK MP and co-defendant Sharad Kumar, CEO of Kalaignar TV, in a case involving the allocation of 2G spectrum fraud.

Asian stocks rose Tuesday, tracking overnight gains in U.S. stocks. The key benchmark indices in China, Hong Kong, Indonesia, South Korea, Japan, Singapore and Taiwan increased from 0.32% to 1.36%.

The U.S. index futures indicated the Dow could get 15 points at the opening bell Tuesday, June 21, 2011.

Global markets closely the outcome of a vote of confidence in the cabinet of new design must be Greek in the face Tuesday, June 21, 2011, which could pave the way for the nation for a new round of bailout funds.

Eurozone finance ministers gave Greece two weeks from Monday to approve stringent austerity measures in exchange for an additional $ 12 billion in emergency loans, the pressure on the piles of Athens for tattered finances in order. Fitch Ratings said Tuesday he would consider swap government debt and an extension of deadlines, even if voluntary, as a standard.

The U.S. Federal Reserve to hold policy meeting on Tuesday, June 21, 2011 and Wednesday, June 22, 1011, and gives a political declaration after the meeting. Fed’s second round of quantitative easing, or QE2, a policy designed to temporarily increase the money supply, to maintain low interest rates and stimulate the economy, which ends June 30, 2011. Section of the market is speculating on the possibility of a third program of quantitative easing, the Fed, after the current expires in June 2011.


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