Eurozone set-up unsustainable, says Draghi

European Central Bank (ECB) president Mario Draghi says that eurozone leaders must decide what they want the bloc to look like in the future, because the current set-up is "unsustainable".
He said that the ECB could not "fill the vacuum" left by governments on creating growth or structural reforms.
EU economics commissioner Olli Rehn said more austerity was needed if the eurozone was to avoid disintegration.
New figures showed eurozone inflation slowed more than expected this month.
Inflation in the 17 countries that use the euro eased to 2.4% in May from 2.6% in April.
The figure is still above the ECB's target to keep inflation below 2%, but the lower-than-expected number could fuel calls for an interest rate cut next week.
Stability needed
Speaking to the European Parliament, Mr Draghi said: "Can the ECB fill the vacuum of lack of action by national governments on fiscal growth? The answer is no. Can the ECB fill the vacuum of the lack of action by national governments on the structural problem. The answer is no.
"The next step... is to clarify what is the vision a certain number of years from now. The sooner this is specified, the better it is."
Mr Rehn talked down the idea of European states issuing joint bonds, saying that austerity and closer co-operation were needed.
"We need a genuine stability culture and a much upgraded common capacity to contain common contagion," he told a conference.
"This is the case, at least if we want to avoid a disintegration of the eurozone and instead make the euro succeed."
Worries over the eurozone debt crisis - and in particular Spain's banking sector - have been hitting markets all week.
However, the markets were enjoying a respite on Thursday. The euro - which had fallen to near two-year lows against the dollar at $1.2358 - recovered slightly to $1.2410.
European stock markets were mostly positive, with London's FTSE 100 share index up 0.8%, and the Frankfurt and Paris indexes registering similar gains.
The pressure on bond yields also eased slightly, with Spain's 10-year bond yield - the rate of return demanded by investors - falling back to 6.61%, having reached 6.79% on Wednesday.
Mixed data
In other figures released on Thursday, Germany's unemployment rate fell below 7% as Europe's biggest economy continued to perform strongly.
The jobless rate dropped to 6.7% in May, from 7% in April, as the number of people unemployed fell by 108,000 to 2.86 million.
However, there was more bad news from Greece as figures showed that Greek retail sales volumes fell by 16.2% in March compared with a year earlier. This followed February's decline of 12.9%.
Source BBC

Manchester United: Chevrolet to be club's car sponsor

General Motors (GM) has signed a sponsorship deal with Manchester United that will see the carmaker's Chevrolet brand become the football club's official car sponsor. The deal is to run for five years, but no financial details have been released. The US carmaker said Manchester United stood "head and shoulders" above other football teams. GM's UK-based Vauxhall business sponsors the England football team. Chevrolet replaces Audi as Manchester United's car sponsor. The German brand had sponsored the football club since April 2004. GM said it hoped the deal would help it "build global icon status" for Chevrolet. Source BBC

Norway's Telenor in talks for new partner in India

Norwegian firm Telenor today said it is in discussions to rope in a new partner for its telecom business in India before the government auctions the spectrum.

Agri Min proposes Rs 170/qtl hike in paddy MSP

In view of rising farm input costs, the Agriculture Ministry has proposed a Rs 170 per quintal increase in the minimum support price (MSP) of paddy at Rs 1,250 per quintal for the 2012-13 crop year (July-June).

Mixed response to bandh against petrol price hike

The nationwide bandh against the petrol price hike evoked a mixed response amid stone pelting, arson and blockades in Karnataka, Maharashtra and W Bengal.

Core sector growth slows to 2.2 per cent in April

Reflecting slowdown in the economy, the growth rate of eight infrastructure sectors slowed down to 2.2 per cent in April because of poor performance of crude oil, natural gas, petroleum refinery products and fertilisers.

Economic growth dips to 5.3% in Q4; lowest in 9 yrs

India''s eco growth rate slipped to 5.3 pc in fourth quarter of 2011-12, lowest in nearly 9 yrs due to poor performance of the manufacturing and the farm sectors.

GDP growth hits 9-yr low of 5.3% in FYQ4

The Indian economy grew by 5.3% in the fourth quarter of FY12, the slowest since March 2003 and well below analysts' forecast of 6.1% growth. Source moneycontrol.com

stock tips 31-May-2012

SrNo	R3	R2	R1	SYMBOL	S1	S2	S3
1	1215	1192	1176	ACC	1137	1114	1098
2	1032.2	1024.5	1011.7	AXISBANK	991.2	983.5	970.7
3	1554.9	1541.95	1530.95	BAJAJ-AUTO	1507	1494.05	1483.05
4	710.85	702.85	696	BPCL	681.15	673.15	666.3
5	39.7	39.55	38.15	DCB	36.6	36.45	35.05
6	89.8	89.05	87.75	DENABANK	85.7	84.95	83.65
7	58.6	57.7	55.9	DHANBANK	53.2	52.3	50.5
8	191.75	189.35	186.4	DLF	181.05	178.65	175.7
9	1740.8	1722.9	1702.9	DRREDDY	1665	1647.1	1627.1
10	2427.7	2410.8	2383.9	GRASIM	2340.1	2323.2	2296.3
11	666.3	663.6	659.7	HDFC	653.1	650.4	646.5
12	512.3	508.85	503.45	HDFCBANK	494.6	491.15	485.75
13	1895.1	1881.3	1867.8	HEROMOTOCO	1840.5	1826.7	1813.2
14	298.15	296.5	291.65	HINDPETRO	285.15	283.5	278.65
15	433.3	428.35	423.95	HINDUNILVR	414.6	409.65	405.25
16	855.25	846.35	830.9	ICICIBANK	806.55	797.65	782.2
17	2527.4	2493.1	2461.3	INFY	2395.2	2360.9	2329.1
18	262.8	260.9	256.9	IOC	251	249.1	245.1
19	44.5	43.6	41.9	IVRCLINFRA	39.3	38.4	36.7
20	1215	1206.2	1195.8	LT	1176.6	1167.8	1157.4
21	677.8	670.3	662.5	M&M	647.2	639.7	631.9
22	1215.35	1186.35	1168	MARUTI	1120.65	1091.65	1073.3
23	269.45	265.5	257.95	ONGC	246.45	242.5	234.95
24	765	757	744	PNB	723	715	702
25	551	545.45	534.55	RANBAXY	518.1	512.55	501.65
26	724.35	716.5	710.85	RELIANCE	697.35	689.5	683.85
27	2152	2135	2116	SBIN	2080	2063	2044
28	686.6	681.8	671.8	SIEMENS	657	652.2	642.2
29	594.6	588	581.6	SUNPHARMA	568.6	562	555.6
30	272.7	266.25	254.45	TATAMOTORS	236.2	229.75	217.95
31	419.5	417.05	412.45	TATASTEEL	405.4	402.95	398.35
32	1278.5	1267.75	1252.75	TCS	1227	1216.25	1201.25
33	240.45	237.15	229.3	TITAN	218.15	214.85	207
34	104.75	103.45	100.3	VOLTAS	95.85	94.55	91.4
35	344.9	341.5	333.4	YESBANK	321.9	318.5	310.4

Oil stays below USD 90 as Spain worries intensify

Oil extended losses in Asian trade today, with prices hitting multi-month lows as Spain''s banking woes intensified worries about the eurozone, analysts said.

Rupee hits new record low of 56.50 against dollar

The rupee tumbled by 26 paise to trade at a new all-time low of Rs 56.50/ dollar in trade on increased capital outflows and strong demand from importers for the US currency.

Stock Tips : 29 May 2012

SrNo	R3	R2	R1	SYMBOL	S1	S2	S3
1	1221.95	1198.15	1180.8	ACC	1139.65	1115.85	1098.5
2	1066	1049	1038	AXISBANK	1010	993	982
3	1555.95	1537.95	1526	BAJAJ-AUTO	1496.05	1478.05	1466.1
4	754.7	745.8	729.9	BPCL	705.1	696.2	680.3
5	39.3	39.85	38.45	DCB	37.6	38.15	36.75
6	89.8	88.9	86.9	DENABANK	84	83.1	81.1
7	61.35	58.9	56.45	DHANBANK	51.55	49.1	46.65
8	195.35	193.15	190.2	DLF	185.05	182.85	179.9
9	1731.1	1717.05	1706.05	DRREDDY	1681	1666.95	1655.95
10	2471.85	2450.4	2430.45	GRASIM	2389.05	2367.6	2347.65
11	674.9	670.05	666.85	HDFC	658.8	653.95	650.75
12	522.6	516.6	512	HDFCBANK	501.4	495.4	490.8
13	1891.95	1876.95	1862	HEROMOTOCO	1832.05	1817.05	1802.1
14	307.7	305.25	301.45	HINDPETRO	295.2	292.75	288.95
15	429.05	425.25	420.8	HINDUNILVR	412.55	408.75	404.3
16	860.6	848.6	841	ICICIBANK	821.4	809.4	801.8
17	2436.8	2417.4	2401.4	INFY	2366	2346.6	2330.6
18	276.5	273.75	269.75	IOC	263	260.25	256.25
19	44.3	44	42.3	IVRCLINFRA	40.3	40	38.3
20	1239.8	1224.85	1213.95	LT	1188.1	1173.15	1162.25
21	675.3	665.65	659.65	M&M	644	634.35	628.35
22	1153.6	1141.8	1121.8	MARUTI	1090	1078.2	1058.2
23	260.9	259.4	255.5	ONGC	250.1	248.6	244.7
24	784	769	758	PNB	732	717	706
25	540.75	536.85	529.9	RANBAXY	519.05	515.15	508.2
26	715	709	704	RELIANCE	693	687	682
27	2223.1	2165.05	2133.05	SBIN	2043	1984.95	1952.95
28	716.5	709.55	697.95	SIEMENS	679.4	672.45	660.85
29	586.8	580.9	573.9	SUNPHARMA	561	555.1	548.1
30	289.55	283.6	279.95	TATAMOTORS	270.35	264.4	260.75
31	421.5	418.5	414	TATASTEEL	406.5	403.5	399
32	1245.9	1237.95	1230.95	TCS	1216	1208.05	1201.05
33	249	242	238	TITAN	227	220	216
34	116.9	112.45	108.45	VOLTAS	100	95.55	91.55
35	347.9	343.45	339.45	YESBANK	331	326.55	322.55

EGoM meet on June 5 for fixing spectrum base price

An Empowered Group of Ministers (EGoM), headed by Finance Minister Pranab Mukherjee, will meet on June 5 to decide on the base price for the much-awaited auction of telecom spectrum.

Assocham asks govt to reduce taxes on petrol, diesel

In the backof a widespread opposition to sharp increase in fuel price, industry body Assocham today asked the government to reduce taxes on petrol and diesel, and shift towards specific rates.

Diesel, LPG rate hike put off; oilcos see petrol price cut

Government seemed to have put-off an increase in diesel & LPG rates for now even as oil firms hinted at marginal reduction in petrol prices this week.

Stock Pivot : 28 May 2012

SrNo	R3	R2	R1	SYMBOL	S1	S2	S3
1	1172.8	1164.8	1154	ACC	1135.2	1127.2	1116.4
2	1029.2	1020.6	1009.6	AXISBANK	990	981.4	970.4
3	1560.8	1542.9	1516.9	BAJAJ-AUTO	1473	1455.1	1429.1
4	768.8	755.25	742.55	BPCL	716.3	702.75	690.05
5	40.15	40.15	39	DCB	37.85	37.85	36.7
6	87.75	87.05	85.7	DENABANK	83.65	82.95	81.6
7	52.7	52.75	50.95	DHANBANK	49.2	49.25	47.45
8	195.35	192.45	189.9	DLF	184.45	181.55	179
9	1736.05	1719.9	1705.15	DRREDDY	1674.25	1658.1	1643.35
10	2442	2420	2396	GRASIM	2350	2328	2304
11	672.4	667.7	660.7	HDFC	649	644.3	637.3
12	509.95	506.55	502.4	HDFCBANK	494.85	491.45	487.3
14	312.15	309.15	304	HINDPETRO	295.85	292.85	287.7
14	429.9	427.9	423	HINDUNILVR	416.1	414.1	409.2
15	841.9	833.15	822.75	ICICIBANK	803.6	794.85	784.45
16	2420.9	2402.95	2386.95	INFY	2353	2335.05	2319.05
17	314.5	292.85	278.65	IOC	242.8	221.15	206.95
18	44.3	43.9	42.4	IVRCLINFRA	40.5	40.1	38.6
19	1233.7	1213	1199.7	LT	1165.7	1145	1131.7
20	661.4	656.4	646	M&M	630.6	625.6	615.2
21	1184	1167	1143	MARUTI	1102	1085	1061
22	267.2	263.5	259.7	ONGC	252.2	248.5	244.7
23	741.7	737.35	730.35	PNB	719	714.65	707.65
24	555.35	546.5	537.85	RANBAXY	520.35	511.5	502.85
25	700.2	697.75	693.45	RELIANCE	686.7	684.25	679.95
26	2095.5	2056.75	2031.75	SBIN	1968	1929.25	1904.25
27	721.7	708.85	698.85	SIEMENS	676	663.15	653.15
28	587.35	583.1	576.25	SUNPHARMA	565.15	560.9	554.05
29	281.1	276.45	271.65	TATAMOTORS	262.2	257.55	252.75
30	428.5	419.5	414	TATASTEEL	399.5	390.5	385
31	1242.8	1233.9	1226.9	TCS	1211	1202.1	1195.1
32	228.8	227.3	224.5	TITAN	220.2	218.7	215.9
33	117.25	110.3	104.95	VOLTAS	92.65	85.7	80.35
34	338.75	335.35	332.4	YESBANK	326.05	322.65	319.7

RInfra sees 3-fold rise in infra revenue this fiscal

Anil Ambani-promoted Reliance Infrastructure (RInfra) has said it is expecting almost three-fold rise in revenue from the infra vertical to Rs 1,000 crore this fiscal.

52 week High

Berger Paints touched yesterday 52 week high 152.40 and closed at 141.25

Jubilant Food is in Up trend and touched new high 1256.80 and closed at 1246.05, may be there will be a great rally after when nifty will bounce back, so keep this in your watch list.

MindTree limited is also in up trend and there is no sign of down trend and the company's results are also good , Yesterday touched new high (52 week high) - 626.40 and closed at 619.45

52 Week Low

Crompton Greaves touched the low levels of december 2011 and also touched 52 week low 103.10, but closed at 105.95 wait for relief rally may be within this week

KS Oils touched the 52 week low (4.95), CMP 5.1

Yesterday SKS Microfinance Ltd touched the 52 week low(66.20) and closed at 68.60

Indian Oil Corporation yesterday touched 52 week low 235.35 ,IOC opened at this point and closed at 265.75

ITC net profit rose better than expected

ITC's 4th quarter net profit rose a better-than-expected 26% year-on-year to Rs 1,614 crore. While overall the company continues to be driven by cigarettes, quarterly earnings were also boosted by higher other income and lower losses in the other FMCG business.
ITC is getting strong support at the 50 EMA level , so ifs it crossed 239.5 then the net target will be 246

Axis Bank very to near 20 EMA

Axis Bank is very near to the 20 EMA, so its likely to cross the point within 2 days, If axis bank crossed 1010 then the next target will be 1130, whenever there is a rally this is good bet for traders so watch this stock

ACC in reversal pattern

It seems ACC in reversal , if it crosses 1169 then the near future target will be 1219

Petrol price hike: Maruti Suzuki, Tata Motors, Hyundai Motor offer upto Rs 50,000 discount on petrol cars

A day after petrol prices were hiked by an all-time record of Rs 7.50 per litre, leading car makers Maruti Suzuki, Tata Motors and Hyundai Motor today announced discounts of up to Rs 50,000 on petrol models for a limited period. While the country's largest car maker Maruti Suzuki India has offered a Rs 30,000 discount on its best selling small car Alto in order to stop falling sales in recent months, rival Tata Motors is giving rebate ranging between Rs 10,000 and Rs 50,000 on the petrol variants of Indica and Indigo family. Hyundai Motor is giving discounts of up to Rs 3,000 on its entire range of petrol models.

Bajaj Auto Limited In Double Bottom

Bajaj Auto Limited in double bottom pattern, so closely watching on the stock , for the time being if it crosses 1537 then the next target is 1592,

BPCL Q4 net jumps multi-fold

Bharat Petroleum ( BPCL ) has reported a multi fold jump in its March quarter earnings at Rs 3,962 crore as against 935.18 crore, year-on-year.Sales also jumped nearly 43% to Rs 64,642.18 crore, YoY.

PM meets RBI chief, key advisers on rupee issue

Manmohan Singh reviewed sharp decline in rupee value and its impact on economy with RBI Governor D Subbarao and Plan Commission Dy Chairman Montek Singh Ahluwalia.

Aus to roll out red carpet for millionaire migrants

Australia plans to lay a red carpet to lure millionaire migrants offering them a fast-rack residency provided they invest around USD 5 million.

Todays Profit makers

VOLTAS will touch 130 in the near future, today's gain 12.2%
WHEELS INDIA : today's profit 20%
Shree Ganesh Jewel House Ltd : Todays Pofit 14%

Oil stocks dip on fears of partial rollback in petrol rates

Shares of state-owned oil marketing companies, including IOC, settled in the red today amid speculations that the petrol price hike announced this week may be partially rolled back.

Gold climbs as buyers take advantage of price

London, May 25 (Bloomberg) Gold gained for the first time in four days, trimming a weekly drop, as lower prices attracted investors seeking to diversify their assets.

Bonds remain mixed, call rate also finishes mixed

The government securities (G-Sec) continued to rule narrowly mixed for the second day in a row on alternate bouts of buying and selling while Overnight call money rate ended better on some demand from borrowing banks while 3-days call money rate declined on excess of supply in the banking system.

Aarti Industries Q4 up nearly 27 pc at Rs 28.24 cr

Aarti Industries today reported a 26.75 per cent increase in its standalone net profit at Rs 28.24 crore for the fourth quarter ended March 31, 2012 on account of robust growth across all the segments.

SBI Cards to focus growth in tier 2 and 3 centres

The third largest credit card issuer SBI Cards today said it will be focussing on tier 2 and 3 centres for growth in the near future and clients in these segments will grow to occupy 20 per cent of the total over the next three years.

No immediate rollback; to watch for few days: Govt on petrol

Ruling out any immediate rollback in the steep Rs 7.54 a litre hike in petrol prices, the government today said it will watch international oil prices and rupee-dollar rate for "a few days" before taking any decision on cutting rates.

Stock Tip : 25 May 2012

SrNo	PP	R3	R2	R1	SYMBOL	S1	S2	S3
1	1144	1217.9	1190.1	1171.8	ACC	1125.7	1097.9	1079.6
2	986	1046.3	1023.05	1009.25	AXISBANK	972.2	948.95	935.15
3	1487	1571.8	1539.9	1518.9	BAJAJ-AUTO	1466	1434.1	1413.1
4	735	787.1	773.35	748.75	BPCL	710.4	696.65	672.05
5	38	39.1	39.3	37.8	DCB	36.5	36.7	35.2
6	84	87.5	86.5	85	DENABANK	82.5	81.5	80
7	51	54.6	53.8	51.8	DHANBANK	49	48.2	46.2
8	184	193.9	190.9	187	DLF	180.1	177.1	173.2
9	1693	1793.1	1755.1	1731	DRREDDY	1668.9	1630.9	1606.8
10	2385	2476	2443	2418	GRASIM	2360	2327	2302
11	657	696.65	682.15	671.5	HDFC	646.35	631.85	621.2
12	495	522.7	512.7	505	HDFCBANK	487.3	477.3	469.6
13	1817	1879.7	1857.85	1838.85	HEROMOTOCO	1798	1776.15	1757.15
14	424	434.4	431.2	427.2	HINDUNILVR	420	416.8	412.8
15	812	866.4	846.2	832.2	ICICIBANK	798	777.8	763.8
16	2360	2482.9	2435.9	2407	INFY	2331.1	2284.1	2255.2
17	276	303.8	296.85	282.95	IOC	262.1	255.15	241.25
18	41	45.25	43.95	42.3	IVRCLINFRA	39.35	38.05	36.4
19	1161	1214.4	1194.7	1180.7	LT	1147	1127.3	1113.3
20	647	682.6	669.7	659.9	M&M	637.2	624.3	614.5
21	1136	1189.95	1169.4	1156.55	MARUTI	1123.15	1102.6	1089.75
22	255	272.95	266.15	261.8	ONGC	250.65	243.85	239.5
23	720	753.9	741.55	732.35	PNB	710.8	698.45	689.25
24	518	562.3	545.4	534.9	RANBAXY	507.5	490.6	480.1
25	693	713.8	706.9	699.9	RELIANCE	686	679.1	672.1
26	1955	2033.2	2003.6	1984.6	SBIN	1936	1906.4	1887.4
27	677	706.5	695.75	687.75	SIEMENS	669	658.25	650.25
28	569	593.8	585.9	576.9	SUNPHARMA	560	552.1	543.1
29	263	280.25	274.15	269.1	TATAMOTORS	257.95	251.85	246.8
30	397	413.7	408.1	402.6	TATASTEEL	391.5	385.9	380.4
31	1219	1252.75	1240.85	1230.9	TCS	1209.05	1197.15	1187.2
32	224	234.9	231.45	227.45	TITAN	220	216.55	212.55
33	90	95.2	93.8	91.4	VOLTAS	87.6	86.2	83.8
34	325	339	334	330	YESBANK	321	316	312

Petrol hike to hit inflation in immediate run only: PlanCom

Attributing steep hike in petrol prices to declining value of rupee, Planning Commission said it will have immediate impact on price situation but things will stabilise.

52 week low

Bharti Airtel
EIH
Punjab National Bank
Bharat Electronics

Stock Tips 24 May 2012

SrNo	R3	R2	R1	SYMBOL	S1	S2	S3
1	1164.1	1152.55	1140.55	ACC	1117	1105.45	1093.45
2	988.6	979.1	970.5	AXISBANK	952.4	942.9	934.3
3	1518.05	1507.3	1496.75	BAJAJ-AUTO	1475.45	1464.7	1454.15
4	750	742.9	732.1	BPCL	714.2	707.1	696.3
5	39.3	39.1	38.2	DCB	37.1	36.9	36
6	84.85	84.95	82.9	DENABANK	80.95	81.05	79
7	52.15	51.7	50.45	DHANBANK	48.75	48.3	47.05
8	189.05	187.4	185.65	DLF	182.25	180.6	178.85
9	1722.5	1702.6	1687.9	DRREDDY	1653.3	1633.4	1618.7
10	2477	2442	2411	GRASIM	2345	2310	2279
11	657.25	650.35	642.9	HDFC	628.55	621.65	614.2
12	502.5	497.7	491.8	HDFCBANK	481.1	476.3	470.4
13	1892.5	1871.5	1850	HEROMOTOCO	1807.5	1786.5	1765
14	440.6	434.8	430.8	HINDUNILVR	421	415.2	411.2
15	816.45	810.65	801.8	ICICIBANK	787.15	781.35	772.5
16	2430.4	2397.6	2372.8	INFY	2315.2	2282.4	2257.6
17	278.65	277.25	274.4	IOC	270.15	268.75	265.9
18	43.05	42.4	40.65	IVRCLINFRA	38.25	37.6	35.85
19	1189.8	1179.15	1163.65	LT	1137.5	1126.85	1111.35
20	664.3	656.25	650.05	M&M	635.8	627.75	621.55
21	1219.9	1191.9	1172	MARUTI	1124.1	1096.1	1076.2
22	251.7	248.8	245.9	ONGC	240.1	237.2	234.3
23	732.95	726.45	716.5	PNB	700.05	693.55	683.6
24	523.7	513.85	506.85	RANBAXY	490	480.15	473.15
25	700.85	695.4	690.45	RELIANCE	680.05	674.6	669.65
26	2030.9	2002.4	1977.5	SBIN	1924.1	1895.6	1870.7
27	686.2	680.3	672.9	SIEMENS	659.6	653.7	646.3
28	589.5	581.75	574.75	SUNPHARMA	560	552.25	545.25
29	270.45	267.95	264.5	TATAMOTORS	258.55	256.05	252.6
30	406.7	404.05	399.65	TATASTEEL	392.6	389.95	385.55
31	1255.35	1245.45	1233.9	TCS	1212.45	1202.55	1191
32	236.65	233.95	227.7	TITAN	218.75	216.05	209.8
33	99	97.7	93.3	VOLTAS	87.6	86.3	81.9
34	331.05	327.15	322.9	YESBANK	314.75	310.85	306.6

BPCL,HPCL,IOC may lead tomorrow

After Petrol hike, All oil companies may rally on 24 may 2012 . especially watch the biggest indian oil companies BPCL,HPCL,IOC etc

BAE Systems and Saudi Arabia sign £1.9bn Hawk jet deal

British defence giant BAE has signed a £1.9bn ($3bn) deal to supply Hawk trainer jets to Saudi Arabia, safeguarding over 200 UK jobs. The military contractor said the deal averted job losses at its Brough plant and guaranteed work for 30 apprentices. Twenty-two Hawks will be built under the deal with the majority of the work taking place in Lancashire - at BAE sites in Samlesbury and Warton. A Unite trade union official said hundreds of jobs were still at risk. BAE had previously said it was ending manufacture of the Hawk training jets at its Brough factory in 2013, with the loss of 865 jobs. Planes have been made at the plant for almost 100 years. But the company said on Wednesday 218 jobs at the Brough factory had been saved until mid-2015 and 73 more employees could be offered transfers to plants in Lancashire. Source : BBC

Turkmenistan signs gas sale pact with India, Pak

Kicking-off work on the long discussed US-backed Turkmenistan-Afghanistan-Pakistan-India gas pipeline, India and its new energy partners today signed agreements that will pave way for laying of the 1,680-km line.

US dollar ends sharply dearer against rupee

The US dollar ended sharply dearer against the rupee at Rs 56.00/01 per dollar and the Pound Sterling also finished higher at Rs 88.06/08 per pound at the lose of the Interbank Foreign Exchange Market (Forex) here today.

Gold falls as european crisis concern boosts dollar

Gold today fell for a third day as concern about Europe''s debt crisis boosted the dollar and cut the metal''s appeal as an alternative asset.
Silver prices continued its slide at the domestic bullion market here today, following consistent speculative sell-off by traders and investors in the absence of industrial support.

UK to double bilateral trade with India by 2015

Britain today said it was looking to double bilateral trade with India by 2015, while asserting its commitment to further build deeper, wider and stronger relations with New Delhi.

Rupee: FIEO seeks drastic measures from RBI

Apex exporters'' body FIEO today sought "drastic" measures from Reserve Bank like directly selling dollars to oil companies, to arrest the weakness in rupee.

BJP: petrol hike "unreasonable", warns of agitation

BJP today termed the steep hike in petrol price as "unreasonable" and warned of a political agitation while seeking its roll-back.

Left: Nationwide protests against fuel price hike

With the steepest ever hike in petrol prices, the Left parties today strongly opposed the move and called upon their units to immediately launch "powerful" protest actions all over the country.

Jaya condemns petrol price hike, demands rollback

Strongly condemning the steep hike in petrol price, Tamil Nadu Chief Minister Jayalalithaa today demanded its immediate roll back, warning that otherwise people''s agony would spell the doom for the ''anti-people'' UPA government soon.

Mamata opposes petrol price hike but says won't rock UPA boat

Sharply reacting to steep hike in petrol price, West Bengal CM Mamata Banerjee said her party would not accept it but said her party would not topple UPA govt on the issue.

Petrol to cost Rs 7.54 a litre more, highest ever hike

In the steepest ever increase, petrol rates were today raised by a massive Rs 7.54 per litre, the first hike in rates in six months. Petrol price in Delhi has been hiked by Rs 7.54 per litre to Rs 73.18 a litre with effect from midnight tonight, state-owned oil companies said in separate but identical press announcements.

Stock Tips : 23 May 2012

SrNo	R3	R2	R1	SYMBOL	S1	S2	S3
1	1181.45	1169.45	1149	ACC	1116.55	1104.55	1084.1
2	1003.7	993.35	979.35	AXISBANK	955	944.65	930.65
3	1572.9	1554.95	1529.95	BAJAJ-AUTO	1487	1469.05	1444.05
4	40.3	40.25	38.05	DCB	35.8	35.75	33.55
5	91.6	89.85	86.75	DENABANK	81.9	80.15	77.05
6	54.35	53.85	52.5	DHANBANK	50.65	50.15	48.8
7	200	196.7	191.3	DLF	182.6	179.3	173.9
8	1739.95	1718.2	1688.75	DRREDDY	1637.55	1615.8	1586.35
9	2519.8	2483.6	2437.2	GRASIM	2354.6	2318.4	2272
10	667.05	660.25	650.8	HDFC	634.55	627.75	618.3
11	517.1	511.05	499.05	HDFCBANK	481	474.95	462.95
12	1935.7	1915.25	1883.45	HEROMOTOCO	1831.2	1810.75	1778.95
13	434.7	432.05	427.65	HINDUNILVR	420.6	417.95	413.55
14	844.05	834.45	817.6	ICICIBANK	791.15	781.55	764.7
15	2408.75	2388.4	2364.35	INFY	2319.95	2299.6	2275.55
16	49.6	47.65	43.95	IVRCLINFRA	38.3	36.35	32.65
17	1250	1230	1194	LT	1138	1118	1082
18	671.2	663.6	650.6	M&M	630	622.4	609.4
19	1283.9	1254.25	1202.65	MARUTI	1121.4	1091.75	1040.15
20	255	253	248	ONGC	241	239	234
21	741.9	736.9	728	PNB	714.1	709.1	700.2
22	513.6	504.75	498.85	RANBAXY	484.1	475.25	469.35
23	715.1	709.85	699.25	RELIANCE	683.4	678.15	667.55
24	2115.8	2077.9	2006.9	SBIN	1898	1860.1	1789.1
25	722.4	710.7	689.7	SIEMENS	657	645.3	624.3
26	615	606	590	SUNPHARMA	565	556	540
27	274.85	272.25	268.6	TATAMOTORS	262.35	259.75	256.1
28	420.1	415	407.1	TATASTEEL	394.1	389	381.1
29	1264	1252	1237	TCS	1210	1198	1183
30	239.4	237.1	233.3	TITAN	227.2	224.9	221.1
31	105.4	103.1	99.3	VOLTAS	93.2	90.9	87.1
32	333.45	330.75	324.7	YESBANK	315.95	313.25	307.2

Silver down by Rs 100,gold recovers by Rs15

Silver on Tuesday extended losses for the second straight session by losing Rs 100 to Rs 54,200 per kg, due to sustained selling amid a weakening global trend.

Idea follows Airtel, cuts 3G rates by 70 pc

Following industry leader Bharti Airtel move to cut tariff, Aditya Birla Group firm Idea Cellular on Tuesday announced slashing charges for 3G services by up to 70 per cent.

RBI intervention when necessary; says Pranab

With rupee falling to record low against dollar, Pranab Mukherjee said govt is taking steps to arrest volatility in foreign exchange market & RBI will intervene when necessary.

Tough decisions on spending, revenue on anvil: Prime Minister

With govt gearing up to announce austerity measures to deal with fiscal situation, PM today said the Centre will take difficult decisions on spending and revenue mobilisation.

Apollo Tyres Ascending Triangle

Apollo Tyres in Ascending Triangle pattern Buy if it crosses 86.8 target 89

Stock Pivot : 22 May 2012

SrNo	R3	R2	R1	SYMBOL	S1	S2	S3
1	1186.7	1177.7	1160	ACC	1133.3	1124.3	1106.6
2	988.5	978.65	969.85	AXISBANK	951.2	941.35	932.55
3	1580	1560	1538	BAJAJ-AUTO	1496	1476	1454
4	39.25	39.85	38.4	DCB	37.55	38.15	36.7
5	90.6	89	87.6	DENABANK	84.6	83	81.6
6	53.5	53.25	52.25	DHANBANK	51	50.75	49.75
7	194.05	192.9	190.15	DLF	186.25	185.1	182.35
8	1688.3	1680.3	1666	DRREDDY	1643.7	1635.7	1621.4
9	2474.25	2446.1	2427.15	GRASIM	2380.05	2351.9	2332.95
10	659.7	654.85	647.85	HDFC	636	631.15	624.15
11	517.95	512.9	504.05	HDFCBANK	490.15	485.1	476.25
12	1912.25	1898.25	1880	HEROMOTOCO	1847.75	1833.75	1815.5
13	439.95	436.95	431	HINDUNILVR	422.05	419.05	413.1
14	842.6	830.7	820.9	ICICIBANK	799.2	787.3	777.5
15	2435.5	2410.5	2374	INFY	2312.5	2287.5	2251
16	46.8	46.3	45.5	IVRCLINFRA	44.2	43.7	42.9
17	1249	1226	1208	LT	1167	1144	1126
18	671.4	662.65	653.75	M&M	636.1	627.35	618.45
19	1270.85	1243.4	1225.45	MARUTI	1180.05	1152.6	1134.65
20	253.05	251.75	248.3	ONGC	243.55	242.25	238.8
21	748.9	741.75	729.15	PNB	709.4	702.25	689.65
22	508.5	502.5	496	RANBAXY	483.5	477.5	471
23	716.7	708.7	702	RELIANCE	687.3	679.3	672.6
24	2108	2069	2038	SBIN	1968	1929	1898
25	715.95	709.95	697	SIEMENS	678.05	672.05	659.1
26	622.5	609.75	601.75	SUNPHARMA	581	568.25	560.25
27	270.05	267.15	263.9	TATAMOTORS	257.75	254.85	251.6
28	426.95	416.65	409.3	TATASTEEL	391.65	381.35	374
29	1240.9	1232.95	1219.95	TCS	1199	1191.05	1178.05
30	240.2	237.45	232.75	TITAN	225.3	222.55	217.85
31	100.8	99.9	97.9	VOLTAS	95	94.1	92.1
32	335.85	329.9	324.95	YESBANK	314.05	308.1	303.15

Adani Enterprises' net declines 26 pc in FY'12

Conglomerate Adani Enterprises today reported 26 per cent decline in net profit at Rs 1,839 crore for the financial year ended March 31, 2012.

SAIL output fell due to delay in modernisation plan

Steel Minister Beni Prasad Verma today said public sector behemoth Steel Authority of India (SAIL) could have fared better if it had completed its modernisation programme on time.

Essar Oil signs pact with L&T for bitumen supply

Essar Oil today said it has signed an agreement with engineering and construction company Larsen & Toubro (L&T) for supply of high quality bitumen.

Gold down by Rs 10; silver by Rs 200

Both the precious metals, gold and silver, today declined due to sluggish demand at prevailing higher levels amid stockists selling.

Dr Reddy's launches lansoprazole capsules in US market

Drug firm Dr Reddy''s Laboratories today said it has launched its generic version of lansoprazole delayed-release capsules used for treating acidity and heartburns in the US market.

India-born to head European development bank

India-born Suma Chakrabarti will succeed Germany's Thomas Mirow as the President of the European Bank for Reconstruction and Development (EBRD), which has been supporting economic transition in former Eastern Bloc countries and Soviet republics for the last two decades.

BSE benchmark Sensex up 76 points in early trade

Sensex rose by over 76 points in early trade, extending gains for second straight session on increased buying by funds & retailers amid strong corporate earnings.

Rupee down 30 paise against dollar in late morning trade

Rupee dropped by 30 p to 54.72 against US dollar late morning trade, due to on fresh demand for US dollar from banks and importers despite a weak global trend.

Sectors to watch in this monsoon Season

Agro Input sectors such as fertiliser, agrochemicals, seeds gain market favour . After monsoon harvest season, which is full of festivities and increased consumer spending, finds cement, construction, paints, consumer durables, retail etc sectors gaining currency

52 Week Low Stocks

52 Week Low stocks Adani Enterprises Ltd - CMP -145 Adani Power - CMP - 51.05 BHEL - CMP - 200.75 Godrej Properties - CMP - 572.35 Hindalco - CMP - 107.95 Gujarat Gas Co Ltd - CMP - 294.55 Kalindee Rail - CMP - 64.2 Punjab National Bank - CMP - 721.65 Praj Industries - CMP - 55.05

No immediate impact of global warming on agri

Though no immediate adverse impact of global warming is visible in India as manifested by rise in output of foodgrains and milk, experts feel the country should draw a strategy to deal with its long-term effect.

Mark Zuckerberg's status update: now married

New York: Facebook's founder Mark Zuckerberg capped an extremely eventful week with a surprising on his relationship status - he married longtime girlfriend Priscilla Chan.

G8 chiefs agree on global growth, fiscal responsibility

At the end of their two-day summit here, the leaders of the G-8 - the exclusive group of top eight economic nations made up of the US, Japan, Britain, Germany, France, Italy, Canada and Russia - agreed that growth and jobs must be their "top priority." "There''s now an emerging consensus that more must be done to promote growth and job creation right now in the context of these fiscal and structural reforms. That consensus for progress was strengthened here at Camp David," US President Barack Obama, also host of the summit, said. Source :PTI

Odisha plant to be ready by early FY14: Tata Steel

Private steel producer Tata Steel is hopeful of completing the first phase of its greenfield project at Kalinganagar in Odisha by the early part of the next fiscal. “We hope that the first phase will be completed by the early part of FY14,” Tata Steel Managing Director HM Nerurkar said. The 6-million tonnes (mt) project in Odisha, which has a total project cost of Rs 23,000 crore, will be completed in phases. While the 3-mt first phase is likely to be operational by the early part of next fiscal, the second phase with a similar capacity will be commissioned by FY15, he added. Tata Steel Chief financial officer Koushik Chatterjee said the company has a capex plan of $2.5 billion in the current fiscal, mainly on account of Odisha project. Source : PTI

Achieving 7.5% growth in FY13 tough task: Montek

Falling rupee and high inflation would make it difficult for India to achieve 7.5% economic growth during the current financial year, Planning Commission Deputy Chairman Montek Singh Ahluwalia has said. "The Finance Ministry has said they are hoping for a 7.5% growth this year. That is going to be tough but not impossible," Ahluwalia told PTI. He said while the last quarter did not show robustness, it remains to be seen how growth in the first quarter of the current fiscal will fare. "It is going to be a slow transition," he said, adding that in India "we need to get out of a what looks like a decelerating growth phase .. And move to the growth path." Source:PTI

Falling rupee a concern; Centre not sitting idle: FM

Finance Minister Pranab Mukherjee today said the steep fall in the rupee was a matter of great concern and the Centre was trying to resolve the situation. "It is a matter of great concern. We are watching the situation. The Centre is not (sitting) idle. We are trying to resolve (the issue)," Mukherjee said. "This is due to the Eurozone crisis," he said. Mukherjee added, "There is also currency crisis in emerging markets including Brazil." Source : PTI

Latest News

India's largest lender State Bank of India beats estimates, net profit of Rs 4,050 crore for Q4FY12 as against Rs 21 crore a year ago

Rupee in a lower side : Invest in Companies with dollar earnigs

Falling rupee and high inflation a worry for the current fiscal year

Market Cap of most sensex companies (out of 10) down last week

Share Tips 21 May

Buy ACC if it breaks 1188 Target 1219
Buy Axis Bank if it breaks 998 target 1130
Buy SBI if it breaks 1960 target 2201
Buy TATA MOTORS if it breaks 270 target 301
Buy TATA STEEL if it breaks 412 target 443
Buy RIL if it breaks 703 target 757
Buy Yes Bank if it breaks 315 target 333
Buy Larsen & Toubro if it breaks 1201 target 1343
Buy Bank of Baroda target 728