Tata Steel Strengthens

The key benchmark indices remained firm in afternoon trade as global stocks rose, with the support of the hope that the Greek Parliament will vote in favor of additional austerity measures. The BSE Sensex up 179.56 points or 0.97%, almost 30 points until the day about 120 points lower during the day. The size of the market was very strong. Data showing the recovery of the purchase by foreign funds continued feelings NRI Demat Account.

Foreign institutional investors (IIE) bought shares worth Rs 819.41 crore Tuesday, June 28, 2011, according to preliminary figures from the exchange.

Stocks of consumer goods has increased, with the ITC, Hindustan Unilever (Hul) and Marico hitting record levels. Consumer durables stocks also had. Index heavyweight Reliance Industries (RIL) has continued to be strong. Metal stocks rose to prices of base metals rose on the London Metal Exchange. Steel giant Tata Steel has increased by about 2% NRI Share Trading Account.

The market opened with a note of the tracking firm Asian stocks higher. An episode of volatility witnessed key benchmark indices recovered after trimming gains the highest commercially 3-1/2-week morning. The Sensex jumped 6-1/2-week mid-morning trade. The market pared gains in early afternoon trade. An episode of volatility in the business of the evening, the key reference rates compared to profit after new intraday highs. The market held firm in afternoon trade PAN Card for NRI.

The market may be volatile in the short term as traders rolling over positions in the derivatives segment in June 2011 to July series of series 2011. The near-month June 2011 derivatives contracts expire Thursday, June 30, 2011.

At 14:20 IST on BSE Sensex was up 179.56 points or 0.97% to 18,672.01. The Sensex surged 210.60 points to 18,703.05 in high day of trading in the afternoon, its highest level since May 13, 2011. The index was up 59.74 points at 18,552.19 few days in early trading NRI Online Trading account.

The S & P CNX Nifty rose 45.95 points or 0.83% at 5591.25. Nifty hit a high of 5604.65 in intra-day, its highest since June 3, 2011.

Extension of the market, shows the general health of the market was strong. BSE, 1728 shares advanced while 1008 shares declined. A total of 103 shares remained unchanged.

Among the Sensex pack of 30 members, 25 shares rose, while the rest of them fell. ONGC, Jaiprakash Associates Bajaj Auto dropped 1.08% to 2.25%. Tata Motors, Infrastructure and Trust Bhel rose from 1.9% to 2.34%.

Index heavyweight Reliance Industries (RIL) rose 1.13% SR 881, from the days low of Rs 871.55. 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.

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 Rs 829 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.

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

Consumer durables stocks to purchase more cutting renewed. Blue Star, Videocon Industries, Gitanjali Gems and Rajesh Exports rose by between 0.66% and 5.52%.

Manufacturer of India’s largest by sales of cigarettes increased by 2.53% to 198.70 CCI RS. The stock hit a daily high of Rs 199, which is also a record.

Farm of India’s largest by sales of consumer goods Hindustan Unilever rose 2.75% to 332.30 RS. The stock reached the level of the day Rs 332.50, also a record.

Other titles FMCG, United Spirits, Dabur India, Nestle India and Marico acquired between 0.28% and 3.84%.

Metal stocks rose on the board as LMEX, a gauge of six metals traded on the London Metal Exchange, was 1.05% Tuesday, June 28, 2011. Sterlite Industries, Hindalco Industries, Nalco, Sesa Goa, Hindustan Zinc, Jindal Steel and Power & increased from 0.08% to 2.68%.

The largest steel producer in India, Tata Steel has achieved a turnover of 1.96%. Tata Steel, last week, said he received about $ 130 million as part of the arbitration between its subsidiary Tata Steel UK and a number of third party rights Teesside Cast-business. The company said that the final conclusion of the next partial solution to all disputes involving commercial agreements have been picking and the company has completed a full and final credit agreement with the consortium offtakers.

Kale Consultants rose 3.51% after the company secured one of its software products for an undisclosed amount.

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 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.

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.

In a meeting with five editors of Prime Minister Manmohan Singh, today, June 29, 2011, dismissed allegations that Prime Minister is a clever propaganda by the opposition lameduck. Regarding the long-awaited cabinet reshuffle, which should get rid of underperforming ministers, the Prime Minister said that exercise is a work in progress, but declined to say when it would occur. Asked about recent comments by some party leaders that Rahul Gandhi is ready to be Prime Minister, Dr. Singh said he has the spirit of leadership for the delivery person was younger, but the question has been on the agenda or raised by the parties.

Dr. Singh said he did not hesitate to put the country’s prime minister, under the tutelage of Bill Lokpal. He said many of his cabinet colleagues find that bringing the institution of Prime Minister Lokpal Bill will create instability.

U.S. The Treasury secretary, Timothy Geithner, Tuesday, June 28, 2011, said economic growth in India is still untapped potential for U.S. companies. Changes in Bank of India and insurance systems, as well as the development of manufacturing and infrastructure, benefit both countries, Geithner said at the conclusion of bilateral talks between the two countries in Washington.

Geithner said the two sides discussed ways to allow foreign investors to make inroads into India’s pension, insurance and banking. He noted that the two sides agreed to restart on a technical level, negotiations for a bilateral investment treaty. Finance Pranab Mukherjee said India plans to raise 1 trillion in infrastructure funding over the next five years.

European stock markets rose on Wednesday, driven by the hope that the next session of Parliament will vote on greek additional cost saving measures. Reference marks in the United Kingdom, France and Germany grew by 1.18% and 1.33%.

The Greek Parliament is implementing a two-day meeting in Parliament on key crunch begins today, June 29, 2011. Greece has pledged to reduce spending in order to receive its next round of grants.

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 index in Indonesia, Japan, Singapore, South Korea and Taiwan were up between 0.44% to 1.53%. China’s Shanghai Composite fell 1.11%. Hong Kong Hang Seng was flat.

The U.S. index futures indicated the Dow could get 26 points at the opening bell Wednesday, June 29, 2011. The U.S. Federal Reserve decided to end its program to buy 600 billion worth of bonds by the end of this month, according to the schedule.


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