Food inflation rises to 17.65%

Food inflation rose to 17.65% for the week ended April 10 from 17.22% in the previous week due to higher prices of fruits and vegetables. 

In the corresponding week last year, food inflation was at 8.16%.

Prices of fruits and vegetables rose by 3%, sea fish became costlier by 2% and pulses such as arhar and moong became dearer by 1% each over the week.

The overall inflation, led by rise in food prices, had gone up to 9.9% in March, much higher than the central bank's projection of 8.5% for March-end.

On an annual basis, pulses became dearer by 28.77%, milk by 22.21%, fruits by 18.81% and wheat by 11.18%.

On a weekly basis, the index for food articles rose by 0.7%. Index for non-food articles rose by 0.5% led by higher prices of groundnut and castor seeds.

Source BloombergUTV
Lable inflation ,food inflation

Sesa Goa FY 10 Q4 PAT up 122% at Rs 1,215.1 cr

Iron-ore exporter Sesa Goa posted a 122% surge in its profit after tax (PAT) on a year-on-year (YoY) basis for the fourth quarter for the financial year 2010.

Its PAT stood at Rs 1,215.1 crore versus Rs 548.36 crore. Its sales rose 68% YoY and came in at 2,403.54 crore versus 1,429 crore.

The Q4 results were not comparable due to Dempo acquisition.

Source MoneyControl

Inflation at 17-month high of 9.9%

Wholesale price-based inflation remained below the psychological two-digit scores inching up marginally to 9.9 per cent in March from 9.89 per cent in the previous month.

The hike was on account of rising prices of sugar and pulses.

Food inflation for the week ended April 3, however, slid to 17.22 per cent from 17.70 per cent in the previous week.

The fall was mainly on account of cheaper potato and onions that fell by 23.71 per cent and 2.5 per cent respectively on annual basis.

According to the monthly inflation data, sugar prices rose by 48.75 per cent in March year-on-year while pulses turned costlier by 31.40 per cent.

At its January policy review, the Reserve Bank raised its WPI inflation projection for end-March 2010 to 8.5 percent from its earlier 6.5 percent with an upside bias.

Manufacturing inflation eased to 7.13 percent in March from 7.4 percent in the previous month.

Fuel inflation, however, quickened to 12.71 percent in the same month from 10.2 percent in February following a hike in domestic fuel prices and an upswing in world crude prices.

With the Reserve Bank of India's (RBI) policy focus increasingly shifting towards containing inflation, investors are betting on at least a 25 basis point rate hike on April 20. That would follow the RBI's surprise 25 basis point hike on March 19.

"The headline WPI number is slightly lower than expected, remains below the 10 percent and has peaked now. High base effect will start to drag the headline inflation rate lower from next month onwards," said Gaurav Kapur, senior economist at Royal Bank of Scotland in Mumbai.

"The WPI inflation rate may not fall below 7-7.5 percent over the first half of the current fiscal year. This data, however, will not change the course of monetary policy normalisation," he added.

Source EconomicTimes
Lable Inflation

Indian stock markets closing Details [ 12 - Apr - 2010 ]

The 30-share BSE Sensex closed at 17,853.00, down 80.14 points or 0.45% and the 50-share NSE Nifty fell 0.41% or 22.05 points to settle at 5,339.70.

Top Gainers from BSE group A companies

Balrampur Chini	93.65	+5.58
Jet Airways	531.20	+3.73
IndiabullsFinService	131.50	+3.58
Zee Entertainment En	291.00	+3.19
Jai Corp Ltd.	294.25	+2.94

Top Losers from BSE group A companies

Allahabad Bank	158.85	-3.61
Bank of Baroda	643.15	-3.42
Central Bank	155.45	-3.33
Tata Motors Ltd.	782.65	-3.24
GAIL (India) Ltd.	411.10	-3.24

Lables sensex nifty levels

Rupee hits 19-month high

The rupee rose to a 19-month high on Monday, tracking gains in domestic shares, with a weak dollar overseas also helping the sentiment.

In the currency futures market , the most traded near-month dollar-rupee contracts on the National Stock Exchange and MCX-SX were both at 44.665 .

Source MoneyControl
Lable Currency,Rs vs Dollor

Nifty ends near 5375 -- Indian stock markets closing Details [ 05 - Apr - 2010 ]

Bombay Stock Exchange's Sensex ended at 17933.94, up 241.32 points or 1.36 per cent. The 30-share index hit a high of 17948.54 and low of 17693.66.

National Stock Exchange's Nifty closed at 5369.75, up 79.25 points or 1.50 per cent. The index touched a high of 5377.55 and low of 5291.40.

BSE Midcap Index moved up 1.49 per cent and BSE Smallcap Index advanced 2 per cent.

Top Gainers from BSE group A companies

Allahabad Bank	152.85	+6.78
Marico Ltd.	115.80	+6.43
Andhra Bank	115.35	+6.31
Bajaj Auto Ltd.	2,115.00	+5.78
Jain Irrigation	1,008.25	+5.38

Top Losers from BSE group A companies

P&G Hygiene&Health	2,203.10	-4.85
Bharat Electroni	2,101.75	-4.20
Hind. Petrol	309.70	-2.02
Fortis Healthcare	176.50	-1.89

Labels sensex nifty levels

Gold price and Silver Price in India [ 01 Apr 2010]

MCX Gold for April settlement contract last quoted at Rs 16,279 per 10 grams after moving between Rs 16,290 and Rs 16,262 per 10 gram.

MCX Silver May settlement contract traded flat at Rs 26,939 per kg, after having opened the session at Rs 26,905.

Source BloombergUTV
label gold prices india,silver price india