The market may continue to gain in Asian company stock Tuesday

The market may continue to 1.49% on Tuesday, the company gains in Asian markets. Trading in the S & P CNX Nifty futures trading in Singapore shows the winning 12.50 points in opening bell. 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. ( PAN card for nri – Recent Searches )

Among the new company, Tata Steel said after market hours on Tuesday said it has completed the transaction and received a relevant consideration for the transfer of 51% of the equity shares of Tata Refractories total of 77.46% to Krosaki Harima Corporation of Japan in an equity valuation of Rs 1,130 million rupees.

Tata Power Company said after market hours on Tuesday that the rating agency CRISIL has assigned AA / Positive rating for issuing the company Rs 1500 crore listed unsecured, subordinated debentures perpetual. Perpetual debentures, a hybrid instrument that combines features of debt and equity. CRISIL has given a 50% content to it. It implies that CRISIL in its analysis of capital structure Tata Power and financial ratios to treat 50% of capital as equity and half debt, the company said. nri online trading account

Inventories of autos and cement can see the action that the manufacturers of cars and cement to start communicating data on the volume of sales for the month of May 2011.

On the macroeconomic front, the latest data showed that India’s economy grew more slowly than expected 7.8% in Q4 March 2011 and also slower than the revised growth of 8.3% in Q3 December 2010. Manufacturing production increased 5.5% and agricultural production increased by 7.5% in Q4 March 2011. GDP grew by 8.5% for the year ending March 2011, over 8% growth for the previous fiscal year. nri demat account

The annual monsoon rains hit Kerala two days earlier than expected this year, raising the prospects of a crop that could encourage the third largest economy in Asia. India Meteorological Department (IMD) has predicted that the southwest monsoon in 2011 to 98% (normal) of the long-term average (LPA) with a model error of plus or minus 5%. IMD said it is very unlikely that rainfall of the season to be deficient (below 90% of LPA) or excess (over 110% of LPA).

Good rains will help alleviate food inflation and increase rural incomes. Precipitation, which falls from 96% to 104% of the long-term average is considered a normal monsoon season, but this does not guarantee a good harvest. The timing and distribution of rain is just as important. The geographic spread and volume of rainfall during the monsoon season is vital for the agricultural sector of India, which lacks irrigation of more than half of its farmland. Monsoon rains usually between mainland India by the southern state of Kerala in the first week of June, moving gradually to cover most of central and northern India in July, before retreating in September.

Asian stocks rose Wednesday following the overnight gains in U.S. stocks. The key benchmark indices in Hong Kong, Indonesia, Japan, Singapore, South Korea and Taiwan rose 0.02% to 0.65%. China’s Shanghai Composite fell 0.22%.

Privately compiled version of Chinese Purchasing Managers index ‘fell to 10-month low in May 2011 51.6 from 51.8 in April 2011. HSBC said its survey compiled by Markit PMI and released Wednesday, observed only a modest growth of Chinese industry, as well as production and orders rose slightly slower rate. He also said that the cost of input price inflation fell to nine-month low for the month, but remained strong in spite of. The official Chinese version of the PMI was previously released on Wednesday, printed in 1952, 52.9 slows in April nri share trading account

U.S. stocks rose on Tuesday that hopes for a new plan to tackle the debt crisis of Greece eased some investor concerns.

U.S. single-family home prices fell in March by falling below the 2009 low, according to S & P / Case-Shiller composite index of 20 metropolitan areas. A separate report showed an unexpected drop in consumer confidence in May, although the Department of Supply Management-Chicago said business in the U.S. Midwest grew much less than expected in May.


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