Nifty closes below 5250 [ 31 Mar 2010 ]

The benchmark Nifty closed last session of the fiscal year 2009-2010 with modest losses on the back of stock specific selling. It slipped below the 5250 level and continued profit booking for the second consecutive day. However, the benchmark indices showed outstanding performance in FY10, rallied over 70%.

The 30-share BSE Sensex shed 62.40 points to close at 17,527.77 and the 50-share NSE Nifty fell 13.35 points to settle at 5,249.10. However, the benchmark indices outperformed the benchmark indices today as well; the BSE Midcap index was up 0.25% and Smallcap up 0.5%

Top Gainers from BSE group A companies

KSK Energy Ventures	184.20	+3.57
Exide Inds.	124.10	+3.46
Ashok Leyland	55.85	+3.23
Pantaloon Retail	398.00	+3.20
Steel Authority	251.80	+3.13

Top Losers from BSE group A companies

Guj. NRE Coke	87.65	-4.83
Balrampur Chini	92.25	-3.50
Tech Mahindra Ltd.	853.50	-3.35
Lanco Infratech Ltd.	52.30	-3.15
Corporation Bank	481.00	-2.59

Lables sensex nifty levels

Gold price and Silver Price in India [ 31 Mar 2010]

MCX Gold for April settlement contract last quoted at Rs 16,335 per 10 grams after moving between Rs 16,341 and Rs 16,292 per 10 gram.

MCX Silver May settlement contract added 0.3% to trade at Rs 26,921 per kg, after having opened the session at Rs 26,846.

Source BloomberUTV
Label gold price india,silver rice india

Oil at $82.39/bbl

Crude oil for May delivery was last trading little changed at $82.39 a barrel. Last night the contract rose 20 cents to settle at $82.37 per barrel in seesaw trade, rising earlier to $82.74.
Source BloomberUTV
label Oil price,Commodity Price

Oil prices rose towards $81

Oil prices rose towards $81 a barrel on Monday, recouping some of the previous session's losses, supported by a weaker dollar and positive data, including a rise in Euro zone sentiment in March. US crude for May delivery rose 69 cents to $80.69 a barrel by 1101 GMT. The contract settled down 53 cents at $80.00 per barrel on Friday, bringing weekly losses to 0.84 per cent.

London Brent crude gained 63 cents to $79.92. "Oil is moving on the dollar," said Eugen Weinberg, oil analyst at Commerzbank in Frankfurt. "Equity markets are also higher but the dollar is much weaker against the euro and that is dragging all commodities higher," Weinberg added.

European stock markets followed Hong Kong's index higher on Monday, raising optimism over the strength of the global economic recovery and an increase in demand for fuel. The dollar index softened against the euro on Monday, increasing risk appetite and boosting commodity prices. Data showing Euro zone economic sentiment rose more than expected in March and robust Asian economic indicators also helped to boost oil market sentiment.

Source Economic Times
Lable OIL PRICE ,COMMODITY PRICE

Nifty closes above 5300 for 1st time in 25 months [ 29 Mar 2010 ]

The benchmark Nifty made fresh 52-week high today and even closed above the psychological 5300 mark for the first time since February 15, 2008. Positive global cues, and buying in capital goods, banking & financial, realty, cement, telecom, FMCG and select oil & gas helped the Nifty and the Sensex to close at more than two-year highs.

Top Gainers from BSE group A companies

LIC Housing Fi	885.10	+8.57
Glenmark Pharma	265.35	+5.19
Nestle India	2,780.00	+4.91
Bajaj Holdings & Inv	600.25	+4.38
Mundra Port & Specia	774.95	+4.36

Top Losers from BSE group A companies

NMDC Ltd.	284.70	-4.56
Torrent Power Ltd.	289.00	-4.02
Punj Lloyd	178.05	-3.86
Hind. Copper	488.90	-3.74

Label Sensex Nifty Level

Oil at $80.96/bbl

NYMEX crude for May delivery was last quoting 42 cents higher at $80.96 a barrel, after settling down 8 cents at $80.53 a day earlier.

On Thursday, the euro fell to a 10-month low against the US dollar after an agreement that Athens would receive coordinated bilateral loans from other countries that use the euro and money from the International Monetary Fund if it faced severe difficulties.

Oil got some support earlier on Thursday after news that the number of workers filing new applications for unemployment insurance fell last week, while the number of those on continued benefits was the lowest since December 2008.

Oil inventories at the Cushing, Oklahoma, crude oil hub for NYMEX-traded oil rose 754,739 barrels to 31.8 million barrels in the week to March 23, a Genscape report showed on Thursday.

Source BloombergUTV
Label Crude Oil,Commodity price

Gold price and Silver Price in India [ 26 Mar 2010]

Gold maintained upward march since opening stronger. MCX Gold for April settlement contract last quoted at Rs 16,299 per 10 grams after moving between Rs 16,318 and Rs 16,281 per 10 gram.

MCX Silver May settlement contract added nearly 0.6% to quote at Rs 26,374 per kg, after having opened the session at Rs 26,280.

Source BloombergUTV
Lable gold price india,Silver price india

Gold price and Silver in India [ 25 Mar 2010]

Gold prices tumbled by Rs 170 to a seven-week low of Rs 16,450 per ten grams in the bullion market here today on hectic selling triggered by negative global cues.

Standard gold and ornaments, plunged by Rs 170 each to Rs 16,450 and Rs 16,300 per ten grams, respectively. The metal has lost Rs 320 in the last three trading sessions.

Sovereign also weakened, shedding Rs 50 to trade at Rs 13,950 per eight-gram piece.

Selling pressure gathered momentum as gold fell the most since February 12 in New York last evening, losing USD 15.30 to close at USD 1,087.50 an ounce.

Traders refraining from purchasing gold on hopes of a further fall in prices also dampened the sentiment, marketmen said.

In line with the general weak trend, silver ready dropped by Rs 275 to Rs 26,550 per kg and weekly-based delivery by Rs 220 to Rs 26,250 per kg.

Silver coins lost Rs 100 to Rs 33,100 for buying and Rs 33,200 for selling of 100

Source Economic Times

Lable Gold price inida,silver price india

Oil lower on signs of weaker demand

Oil prices fell in Asian trade today after nearing $82 as sentiment was dampened by a private report showing weaker US energy demand, analysts said.

New York's main contract, light sweet crude for May delivery, dropped 67 cents to $81.24 a barrel. Brent North Sea crude for May was down 55 cents to $ 80.15.

The American Petroleum Institute, an industry group, said late Tuesday crude stocks in the country, the world's largest energy consumer, rose by 7.5 million barrels for the week ended March 19.

Oil prices had advanced near $ 82 a barrel yesterday lifted by gains in the US stock markets after a report from the National Association of Realtors showed existing-home sales fell lesser than expected in February.

Source BloombergUTV
Lable Oil price,Commodity price

Oil PSUs set to lose Rs70,000cr in FY11

State-owned refiners may lose Rs 70,000 crore ($15.4 billion) in revenue in the year beginning April 1 from selling fuel at below market prices, oil secretary Sthanunathan Sundareshan said.

Their revenue loss may be Rs 45,000 crore in year ending March 31, Sundareshan said at an event in New Delhi on Wednesday. The introduction of a fuel emission standard, Euro IV, will add 41 paise per litre to the refinery cost of petrol and 26 paise to the cost of producing a litre of diesel, he said.

India's total energy consumption may more than double by 2030 to 833 million tonne of oil equivalent, based on current trends, driven by population growth and an industrial build-up, according to the Paris-based International Energy Agency.

Demand for fuel in the country may rise as growth in the $1.2 trillion economy accelerates and output from aging domestic fields declines. The finance ministry expects gross domestic product to expand 8% in the year starting April 1.

Source BloombergUTV

Lable Oil and Gas Sector,Indian Economy/policy

Indian stock markets closing Details [ 23 - Mar - 2010 ]

It was a choppy day of trade for our market, with tomorrow being a market holiday on occasion of Ram Navami and Thursday being F&O expiry. After a good opening on the back of positive global cues, the market ended flat and with modest gains. Sensex shut shop at 17451, up 40 points and Nifty at 5225, up 20 points from the previous close. CNX Midcap was up 0.6% and BSE Smallcap indices was up 0.3%. The market breadth was negative with advances at 613 against declines of 642 on the NSE.

Top Gainers from BSE group A companies

Areva T&D India	306.55	+10.33
Lanco Infratech Ltd.	54.65	+6.84
Cadila Healthcar	840.65	+4.60
Alstom Projects Ind.	605.45	+3.89
Cairn India Ltd.	292.80	+3.76

Top Losers from BSE group A companies

NMDC Ltd.	326.65	-5.47
Idea Cellular Ltd.	65.05	-3.70
Shree Renuka Sugars	72.40	-3.53
Bharti Airtel	306.80	-3.00
Tata Motors Ltd.	739.05	-2.76

Zain board approves asset sale to Bharti Airtel

The board of Zain, a Kuwaiti telecom operator, has approved a $9 billion sale of most of its African assets to the country's biggest telecom firm Bharti Airtel, sources said on Wednesday.

Due diligence on the deal, which will extend Bharti Airtel's reach into African emerging markets dramatically, is completed and the sale documents will be signed shortly, the sources said.

Bharti said on Sunday it had tied up the entire financing requirement of $8.3 billion, with major international banks committing to underwrite the amount, in a sign of progress as the deadline for exclusive talks with Zain expires on Thursday.

Source BloombergUTV
Lbale Bharti Airetel,Telcom Sector,M&A,Zain telcom

POSCO, SAIL to tie up for Jharkhand steel plant

South Korea's POSCO has agreed to tie up with state-run Steel Authority of India Ltd to build a USD 3.3 billion steel plant in eastern India, the Business Standard reported on Friday.

The plant with an initial production capacity of 3 million to 4 million tonnes a year is expected to be located in the mineral-rich state of Jharkhand, the newspaper said.

It quoted a POSCO spokesman as saying details of the agreement were being worked out.

Officials at SAIL and POSCO could not immediately be reached by Reuters for a comment.

SAIL was in talks with POSCO to increase cooperation between the two Asian steelmakers, SAIL Chairman S.K. Roongta had told Reuters last month, without specifying if those talks included jointly setting up aplant in India.

An Indian newspaper had reported last month that SAIL and POSCO, the world's 4th-biggest steelmaker, were discussing a joint steel plant at a site in eastern India that SAIL owns, at a cost of Rs 100 billion.

The Business Standard reported, quoting industry sources, the POSCO-SAIL project could be linked to the Indian firm's proposed 12-million-tonneplant in Bokaro city in Jharkhand, which would give POSCO access to iron ore supplies.

Source MoneyControl

Lable Steel/Metals Sector,SAIL,POSCO,tie up

Nifty closes above 5250; Indian stock markets closing Details [ 19 - Mar - 2010 ]

The 30-share BSE Sensex closed at 17,578.23, up 58.97 points and the Nifty rose 16.90 points to 5260.05, after trading in a day's range of 17,502.14-17,600.87 and 5237-5269.95, respectively.

Top Gainers from BSE group A companies

Bharat Electroni	2220.35	+5.71
Chambal Fertilis	61.05	+4.00
Bharti Airtel	311.85	+3.95
Sesa Goa	452.15	+3.50
Apollo Hospitals	739.95	+3.27

Top Losers from BSE group A companies

Indiabulls Real Esta	160.20	-3.06
CESC Ltd.	394.80	-2.51
IVRCL Infra & Pr	168.75	-2.43
P&G Hygiene&Health	1861.10	-2.40
Crompton Greaves	244.30	-2.30

Gold price and Silver Price in India [19 Mar 2010]

MCX Gold for April settlement contract last quoted at Rs 16,712 per 10 grams after moving between Rs 16,751 and Rs 16,696 per 10 gram.

MCX Silver May settlement contract traded 0.4% lower at Rs 26,987 per kg, after having opened the session at Rs 27,080.

Source BloombergUTV

Oil at $81.88/bbl

US crude oil futures pared losses, but remained weak after a nearly 1% decline a day earlier as the US dollar stayed strong against the euro.

NYMEX crude for April delivery was down 32 cents at $81.88 a barrel.

Adding pressure to crude was a report showing seaborne oil exports by OPEC, excluding and , will rise by 70,000 barrels per day in the four weeks to April 3, according to an analyst at consultancy Oil Movements.

OPEC is likely to continue to leave its oil output quotas unchanged at its next meeting in October, Kuwaiti Oil Minister Sheikh Ahmad al-Abdullah al-Sabah told on Thursday.

Source BloombergUTV
Label Oil price,Commodity Price

Indian stock markets closing Details [ 18 - Mar - 2010 ]

The 30-share BSE Sensex closed at 17519.26, up 29.18 points and the Nifty rose 14 points to settle at 5245.90, after seeing an intraday range of 17417.61-17548.13 and 5214.40-5255.65, respectively. FIIs net bought more than Rs 11,000 crore worth of equity shares since the beginning of this month.

The Nifty March futures ended with 10 points premium, as per provisional data.

Top Gainers from BSE group A companies

Indian Hotels Co	104.05	+5.63
Tata Teleservices (M	24.65	+4.67
Idea Cellular Ltd.	67.35	+4.66
Welspun Gujarat	279.15	+4.14
Tata Communications	294.95	+3.69

Top Losers from BSE group A companies

Mahi. & Mahi	1087.15	-3.32
Hind. Copper	516.25	-2.80
Hind. Petrol	323.10	-2.50
Rashtriya Chemicals	83.90	-2.27

lable Sensex & nifty levels

Food inflation eases to 16.30%

India's food-price inflation slowed to a four-month low as bigger winter crops boosted supplies of sugar and wheat.

An index measuring wholesale prices of lentils, rice, vegetables and other food articles compiled by the commerce ministry rose 16.3% in the week ended March 6 from a year earlier after a 17.81% gain the previous week, according to a statement in New Delhi today.

Source Bloomberg UTV

Gold prices dropped in Asia

Gold prices dropped in Asia this morning after volatile trade the previous day, when the metal rallied to its highest in more than a week before erasing the gains, due to a larger-than-expected fall in US producer prices.

Spot gold was at $1,122.00 an ounce, down $2.35 from New York's notional close on Wednesday, when it hit an intraday high of $1,132.80 to track early gains in the euro versus the US dollar before falling sharply. US gold futures for April delivery fell $1.70 an ounce to $1,122.50.

The world's largest gold-backed exchange-traded fund, SPDR Gold Trust, said its holdings stood at 1,115.51 tonnes as of March 17, unchanged from the previous business day.

Source BloomBergUTV
Lable Gold Price ,Commodity Price

Oil down to $82.25/bbl

US crude oil futures edged down towards the mid-$82 range per barrel, giving back some of the previous day's gains when oil prices rose more than 1% after a US government report showed increased oil product demand.

NYMEX crude for April delivery was down 68 cents at $82.25 a barrel, after rising $1.23 on Wednesday as news of falling fuel supplies in the world's largest oil consumer nation and a softer dollar supported prices.

The US Energy Information Administration's oil inventory report on Wednesday showed crude stocks rose 1 million barrels last week, while distillate inventories fell 1.5 million barrels and gasoline stocks dropped 1.7 million barrels.

Source BloomBergUTV
lable OIL PRICE,COMMODITY PRICE

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

The benchmark Nifty closed on a flat note for the seventh consecutive session, especially after three days rally on the occasion of Budget 2010-11. It remained in a narrow range of about 70 points and the Sensex about 200 points in these days.

Sensex closed at 17166, down 1 point (provisional) and Nifty at 5137, up 3 points (provisional) from the previous close. CNX Midcap index was down 0.18% and BSE Smallcap index was down 0.51%. The market breadth was negative with advances at 437 against declines of 824 on the NSE.

Top Gainers from BSE group A companies

Cairn India Ltd.	276.05	+3.82
Federal Bank	267.00	+3.59
Hindalco Indus.	165.15	+3.25
Chennai Petro.	253.55	+3.19
Ackruti City	542.40	+2.88

Top Losers from BSE group A companies

Shree Renuka Sugars	154.05	-5.64
M&M Fin.Services	370.35	-4.98
Hindustan Unilever L	219.60	-4.02
Balrampur Chini	93.20	-3.47
Oriental Bank of	292.05	-2.54

Jan IIP growth at 16.7% vs 1%

Annual industrial output growth eased in January, in line with market forecasts, and analysts said it could further weaken with the withdrawal of stimulus measures and an expected rate hike.

Finance Minister Pranab Mukherjee raised factory gate taxes in Budget 2010-11, the beginning of the unwinding of measures taken to shore up domestic demand and protect growth in the wake of the financial crisis and the economic slowdown.

Industrial output (IIP) for the month of January grew 16.7% as against 1% in January 2009. While the manufacturing sector grew to 17.9% versus 1% on year-on-year basis, growth of the mining sector was recorded at 14.6% as against 0.7% in the corresponding month of 2009. The electricity sector too grew at 5.6% in January 2010 versus 1.8% a year ago.

While January basic goods rose 10.7% as against -0.7% in January 2009, what came in as a surprise was the growth in capital goods, which was up 56.2% versus 15.9% (YoY). Intermediate good for the month too were up 21.3% as against 3.6% in January 2009. January 2009 consumer goods index grew 4.2% versus 3.6% (YoY).

Consumer durable goods grew at 31.6% as against 2.1% in corresponding month last year. Growth of consumer non-durables came in -3.1% versus 4% last year.

Speaking on the IIP numbers, Mukherjee said that while the high IIP growth indicated fast recovery in manufacturing, we would have to wait for one more month's IIP data for clear signals, "Two straight months of high IIPgrowth are encouraging," he said.

The December IIP data revised upwards upwards to 17.6% from 16.8%.

The country is seen growing over 7.2% in the year to March 2010, accelerating to 8.5% the year after and to 9% in 2011-12.

Source MoneyControl
Lable IIP

Oil steady above $82

Oil prices were ruling steady above $82 on Friday, on views that energy demand will continue to grow despite any efforts by China to tighten its monetary policy further on rising inflation.

US crude contract was up 8 cents to $82.19 per barrel. London ICE Brent for April rose 8 cents to $80.36

Source HinduBusinessLine

Lables Oil Price,Commodity Price

US Dollar ends cheaper against Rupee

The US Dollar ended cheaper against the rupee at Rs 45.38/39 per dollar and the Pound Sterling also finished lower at Rs 67.80/82 per pound at the close of the Interbank Foreign Exchange (Forex) Market Mumbai on Wednesday.

Source EconomicTimes

Labels Currencies,Rs Vs Dollor, Rs Vs Pound

Indian stock markets closing Details [ 10 - Mar - 2010 ]

The benchmark Nifty saw another lacklustre session of trade but consistently managed to hold the 5100 mark for third consecutive day.

The 30-share BSE Sensex closed at 17098.33, up 45.79 points, after seeing an intraday high of 17183.51 and low of 17027.92.
The 50-share NSE Nifty rose 14.75 points to 5116.25, after witnessing a day's high of 5137.40 and low of 5092.05.

Top Gainers from BSE group A companies

M&M Fin.Services	397.20	+7.85
IDFC	164.35	+3.11
Hero Honda Motor	1929.9	+2.94
Indiabulls Real Esta	175.05	+2.79
Century Textiles	521.95	+2.78

Top Losers from BSE group A companies

Balrampur Chini	99.90	-8.10
Shree Renuka Sugars	172.75	-5.29
Adani Enterprises Lt	486.20	-3.58
Rashtriya Chemicals	86.25	-3.09
LIC Housing Fi	787.70	-2.99

Gold price and Silver Price in India [10 Mar 2010]

MCX Gold for April settlement last quoted at Rs 16,734 per 10 grams after moving between Rs 16,749 and Rs 16,702 per 10 gram.

MCX Silver March settlement contract edged up to trade at Rs 27,080 per kg, after having touched a high of Rs 27,145.

Source BloombergUTV

Lable Gold price india,Silver Price India

crude oil prices fell from eight-week highs

Last night, US crude oil prices fell from eight-week highs, pressured by a stronger US dollar and uncertainty about an economic recovery.

This morning, US crude futures for April retreated to current level of $81.40 a barrel, down 8 cents after reaching a low of $81.05 a barrel earlier.

API released US crude inventory data that showed expected gains in stockpiles. Markets are now awaiting EIA crude inventory data to be release later today. Expectations for a build in gasoline and crude oil inventory build will continue to drive down prices.

Inventories of both crude oil and refined products in the have swelled as the recession has reduced fuel consumption in the world's top consumer of oil.

Source BloombergUTV

Lable Oil price,Commodity Price

Indian stock markets closing Details [ 08 - Mar - 2010 ]

The Sensex was up 108.11 points or 0.64% at 17102.60. It has touched an intraday high of 17,187.55 and an intraday low of 17,034.92.

The Nifty was up 35.30 points or 0.69% at 5124. It has touched an intraday high of 5,147.10 and an intraday low of 5,092.15.

About 1774 shares have advanced, 1154 shares declined, and 256 shares are unchanged.

Top Gainers from BSE group A companies

Essar Oil Ltd.	149.00	+6.43
Lanco Infratech Ltd.	51.90	+6.35
Aban Offshore Ltd.	1306.85	+5.58
Ambuja Cements Ltd.	115.10	+5.45
Allahabad Bank	146.35	+5.33

Top Losers from BSE group A companies

Crompton Greaves	249.85	-43.52
NMDC Ltd.	400.60	-3.35
IndiabullsFinService	108.80	-3.12
Oriental Bank of	299.80	-2.98
KSK Energy Ventures	178.45	-2.73

Gold price and Silver Price in India [08 Mar 2010]

MCX Gold for April started lower at Rs 16,890 per 10 gram. Steady rise in selling pressured the counter further lower. Since, the counter has retraced to current level of Rs 16,881 per 10 grams.

MCX Silver March settlement contract traded 0.4% higher at Rs 27,137 per kg, after having opened the session at Rs 27,098.

Source BloombergUTV
Lable Gold Price India,Silver Price India,Commodity Price

Oil near $82/bbl

US crude oil futures extended gains towards $82 a barrel, their highest in nearly eight weeks, in line with strong Asian shares and hopes for economic recovery in the world's top oil consumer.

NYMEX crude for April delivery was up 50 cents at $82.00 a barrel, after settling up $1.29 at $81.50 on Friday. It rose as high as $82.07 on Friday; it's highest since January 12.

Money managers extended their net long crude oil futures position on the New York Mercantile Exchange in the week through March 2, the Commodity Futures Trading Commission said on Friday.

Source BloombergUTV
Lable Oil price,Commodity Price

Govt to pare SBI stake to 51%

The central government today introduced the SBI (Amendment) Bill in Parliament to seek approval for bringing down the government stake from 55% to 51%.

The government is also planning to allow SBI to issue bonus shares, raise authorised share capital to Rs 5,000 crore and raise funds via preferential shares and a follow-on public issue.

Source BloombergUTV
Label SBI,Banking Sector

Banks to implement base rate from July 1

The Reserve Bank today deferred the introduction of base rate system, which will be the new benchmark lending rate for banks, by three months to July 1.

Banks will now implement base rate system from July 1, 2010, RBI Deputy Governor Usha Thorat said.

"Concerns on base rate have been sorted out," she said.

Earlier, banks were expected to implement the base rate system from April 1.

RBI has come out with a proposal on replacing the current benchmark prime lending rate (BPLR) with base rate system, below which no banks would be allowed to give commercial loans.

The current BPLR has been much abused, since banks provide many loans to high rated corporates below this rate.

As such there is no transparency in the lending rates, prompting RBI to ask banks to implement the new base rate system.

According to draft guidelines on the Reserve Bank of India's website, the actual lending rate charged to borrowers would be the base rate plus borrower specific charges including product-specific operating cost, credit risk premium and tenure premium.

Source BloombergUTV
Lable RBI,Indian Economy,Banking Sector

Nifty ends flat; broader indices outperform ; Indian stock markets closing Details [ 05 - Mar - 2010 ]

The 30-share BSE Sensex closed at 16994.49, up 22.79 points and the Nifty gained just 8.45 points at 5088.70, after hitting intraday high of 17097.71 and 5118.65, respectively. The broader indices outperformed the benchmark indices; the BSE Midcap Index was up 0.6% and Smallcap up 0.8%.

The market breadth was in favour of advances; about 1686 shares advanced while 1211 shares declined on the BSE. Nearly 285 shares remained unchanged.

Top Gainers from BSE group A companies

Sun TV Network Ltd.	413.10	+7.22
PetronetLNG	79.90	+6.46
Ackruti City	531.40	+5.90
United Phosphorus	164.25	+5.39
Shree Renuka Sugars	181.35	+4.92

Top Losers from BSE group A companies

NMDC Ltd.	414.50	-4.75
REI Agro Ltd.	51.00	-2.49
Rural Electrific	238.15	-2.42
Bank of Baroda	595.40	-2.14
Financial Technolog.	1,528.95	-2.07

Lables SENSEX NIFTY LEVELS

Rupee extends gains tracking peers at 45.68/69 per dollar

The rupee extended gains in afternoon trade on Friday tracking higher regional peers, while a strong rupee in the offshore non-deliverable forwards also helped sentiment.
At 2:20 p.m. the partially convertible rupee was at 45.68/69 per dollar, off a high of 45.65, its strongest since Jan. 19 and above its previous close of 45.80/81 on Thursday.
Dealers said there would be strong resistance for the rupee to break 45.65, but if it did, the unit could then rise to 45.57 levels.
The Malaysian ringgit hit a six-week peak on Friday after the central bank raised interest rates, while the South Korean won climbed on better-than-expected U.S. retail sales and a drop in jobless claims.
The index of the dollar against six major currencies was also down 0.1 per cent.
One-month offshore non-deliverable forward contracts were quoted at 45.68/78, little changed from the onshore spot rate.
In the currency futures market, the most traded near-month dollar-rupee contracts on the National Stock Exchange and MCX-SX were both quoting at 45.7550, with the total traded volume on the two exchanges at about $3.2 billion

Source EconomicTimes

Lable Rupee vs Dollor,Currency

Gold at $1,132.30

Gold hardly changed this morning and looked set to trade in a tight rage ahead US payrolls data, which could determine the direction of the US dollar against the euro. Spot gold was at $1,132.30 an ounce, up 0.40 cents.
 
On Thursday, gold extended losses as investors booked profit from this week's rally to a 6-½   week high. Gold had gained as much as $30 an ounce this week before Thursday's decline, as uncertainty about the ability to repay its crippling debt increased the metal's appeal as a hedge against currency volatility. US gold futures for April delivery edged up to $1,133.30 an ounce.

The world's largest gold-backed exchange-traded fund, SPDR Gold Trust, said its holdings stood at 1,115.51 tonnes as of March 4, unchanged from the previous business day.

Source BloombergUTV

Label Gold Price,Commodity Price

Commodity Watch: Oil near $81/bbl

Nymex crude oil futures are poised for the third weekly gain in four; on optimism fuel demand will increase amid improved prospects for an economic recovery in the world's biggest energy consumer.

Crude oil for April delivery rose as much as 60 cents to $80.81 a barrel, in electronic trading on the New York Mercantile Exchange. The contract was last trading at $80.57, up 36 cents.

Oil also gained on a report that the Organization of Petroleum Exporting Countries (OPEC) will cut shipments by 2.3% in the month ending March 20.

Crude pared yesterday's 0.8% decline after US initial jobless applications fell in the week ended February 27, easing concerns that a jobs report today will signal a deteriorating labor market.

The contract settled 66 lower at $80.21. Meanwhile, oil prices are poised for a 1.2% gain this week.

Sourcs BloombergUTV

Lable:oil price,commodity price

Indian stock markets closing Details [ 04 - Mar - 2010 ]

After three days of rallying our market paused and closed flat today. Global markets however, were weak. Sensex shut shop at 16955, down 44 points and Nifty at 5080, down 7 points from the previous close. CNX Midcap index was up 0.80% and BSE Smallcap index was up 0.81%. The market breadth was positive with advances at 775 against declines of 483 on the NSE.

Top Gainers from BSE group A companies

Sesa Goa	454.10	+6.78
Hind. Zinc	1228.15	+5.53
Sintex Industrie	259.75	+5.18
Moser Baer India	82.85	+5.07
LIC Housing Fi	814.70	+5.03

Top Losers from BSE group A companies

Zee Entertainment En	271.15	-3.11
IndiabullsFinService	111.50	-3.00
Oriental Bank of	294.60	-2.66
Axis Bank Ltd.	1121.65	-2.31
MphasiS Ltd.	668.25	-2.05

Lable SENSEX NIFTY LEVELS

Food inflation rises to 17.87%

Food inflation rises to 17.87% for the week ended February 20 from 17.58% a week ago.

Primary articles inflation rises to 15% for week ended Feb 20

Fuel and power prices up 9.59% for week ended Feb 20

Source BloombergUTV

Oil steady at about $81

Oil was steady on Thursday, trading near seven-week highs around $81, as US demand rebounds with a recovering economy, and a weaker dollar helped whet investors' appetite for risk.

US April crude held on to Wednesday's gains of more than $1, but was trading down 9 cents at $80.79 per barrel. London ICE Brent for April fell 2 cents to $79.23. — Agencies

Source Businessline

Rupee up 5 paise at 45.77/dollar

The rupee appreciated by five paise to 45.77 per dollar in the early trade on Thursday in line with other rising Asian currencies amid increased capital inflows by foreign funds into the firming domestic equities market.

At the Interbank Foreign Exchange (Forex) market, the rupee rose five paise to 45.77 per dollar. The domestic currency had closed 19 paise higher at 45.82/83 in the previous session — highest level in the past six weeks.

Forex dealers said rupee gained against the US currency in line with other Asian units and dollar selling by banks and exporters. Besides, fresh capital inflows by foreign funds into firming local stock markets also supported the Indian rupee, they added . — PTI

Source indubusinessline

Indian stock markets closing Details [ 03 - Mar - 2010 ]

Indian market outperformed its Asian peers today to close almost at the high point of the day. There was good buying in midcaps and smallcaps. Sensex shut shop at 17000, up 227 points and Nifty at 5088, up 71 points from the previous close. CNX Midcap index was up 1.83% and BSE Smallcap index was up 1.29%. The market breadth was positive with advances at 983 against declines of 290 on the NSE.

Top Gainers from BSE group A companies

IndiabullsFinService	114.95	+11.60
Jet Airways	496.40	+7.09
JaiprakashAssociates	145.20	+6.14
Asian Paints Ltd.	1978.15	+5.90
Everest Kanto Cylind	119.00	+5.87

Top Losers from BSE group A companies

Shriram Trans.Fi	463.30	-2.22
Chambal Fertilis	60.10	-1.80
Bank of Baroda	602.95	-1.41
Crompton Greaves	441.40	-1.31
Indian Oil Corp	307.80	-1.30

Gold price and Silver in India [03 Mar 2010]

MCX Gold for April started marginally lower at Rs 16,986 per 10 gram as profit taking emerged at higher levels.

Gold prices had surged above Rs 17,000 per 10 grams – a psychologically important level in early trades only to retreat thereon. It was last quoting at Rs 17,006 per 10 grams.

MCX Silver March settlement contract traded 0.5% higher at Rs 26,500 per kg, after having opened the session at Rs 25,311. The contract expires on Thursday.

Source BloombergUTV

Oil steady at $80

US crude oil futures stood steady on near $80 a barrel after a larger-than-expected build in US crude inventories and a greater-than-forecast drawdown in distillates.

NYMEX crude for April delivery was up 7 cents at $79.75 a barrel, after settling up 98 cents a day earlier helped by a weaker US dollar and an improved outlook for 's debt problems that lifted economic optimism.

Oil hit $80.95 on Tuesday, the highest since January 12.

Source BloombergUTV

Nifty hits 5000; Indian stock markets closing Details [ 02 - Mar - 2010 ]

The benchmark Nifty has touched the 5000-mark for the first time in last 23 sessions. Capital goods, auto, telecom, metal, banking & financial, cement, pharma and select technology stocks were supporting the Sensex to trade with gains of nearly 300 points around 16700 level.

The benchmark Nifty saw a spectacular rally of over 100 points in trade today and continued the Budget session's positive mood for the second consecutive day. It closed above the psychological 5000 mark for the first time in last 24 sessions while the Sensex surged over 350 points.

The 30-share BSE Sensex closed at 16,772.56, up 343.01 points or 2.09% and the 50-share NSE Nifty at 5017, up 1.92% or 94.70 points. The Nifty March Future ended with 17 points premium, as per provisional data. The markets also reacted to Monday's positive global cues.

Top Gainers from BSE group A companies

Jet Airways	463.55	+15.00
Tata Motors Ltd.	797.10	+12.10
Jain Irrigation	906.05	+9.78
Fortis Healthcare	169.65	+8.75
Opto Circuits India	228.05	+7.72

Top Losers from BSE group A companies

Bharat Petroleum	541.35	-3.75
Shree Renuka Sugars	161.85	-2.88
KSK Energy Ventures	173.20	-2.83
Hind. Petrol	338.55	-2.34
Indian Oil Corp	311.85	-1.87