Current news & Rumours in the mkt
- Thread starter praveen taneja
- Start date
RIL and Gas Price
Index heavyweight Reliance Industries (RIL) rose on bargain hunting after recent losses in the counter. RIL has agreed with Russia's Sibur to set up a joint venture in India to make butyl rubber amid rising demand from the auto industry. As per the agreement, butyl rubber will be produced at RIL's integrated petrochemical site in Jamnagar.
The RIL stock had surged early this month, boosted by after a favourable ruling in the Supreme Court on gas dispute with Anil Ambani controlled Reliance Natural Resources (RNRL). The Supreme Court ordered the two firms to renegotiate a deal based on government policy on gas utilization.
Earlier, the Bombay High Court, in its order dated 15 June 2009 had directed that RNRL will get assured supply of 28 mmscmd of gas from RIL's Krishna-Godavari basin for 17 years at $2.34 per million British thermal units (mBtu). The gas price was 44.28% lower than the price fixed by the government for gas sale from the RIL block in the KG basin at $4.2 mBtu.
Shares of state-run natural gas producers surged after the government on Wednesday more than doubled the price of natural gas produced by state firms from nomination blocks. ONGC jumped 7.65% and Oil India gained 6.62%. The base price of gas supplied by state firms will rise to $4.2 per million British Thermal Units, the same as the rate approved for Reliance Industries, bringing about near-uniformity in the cost of the fuel in India.
Index heavyweight Reliance Industries (RIL) rose on bargain hunting after recent losses in the counter. RIL has agreed with Russia's Sibur to set up a joint venture in India to make butyl rubber amid rising demand from the auto industry. As per the agreement, butyl rubber will be produced at RIL's integrated petrochemical site in Jamnagar.
The RIL stock had surged early this month, boosted by after a favourable ruling in the Supreme Court on gas dispute with Anil Ambani controlled Reliance Natural Resources (RNRL). The Supreme Court ordered the two firms to renegotiate a deal based on government policy on gas utilization.
Earlier, the Bombay High Court, in its order dated 15 June 2009 had directed that RNRL will get assured supply of 28 mmscmd of gas from RIL's Krishna-Godavari basin for 17 years at $2.34 per million British thermal units (mBtu). The gas price was 44.28% lower than the price fixed by the government for gas sale from the RIL block in the KG basin at $4.2 mBtu.
Shares of state-run natural gas producers surged after the government on Wednesday more than doubled the price of natural gas produced by state firms from nomination blocks. ONGC jumped 7.65% and Oil India gained 6.62%. The base price of gas supplied by state firms will rise to $4.2 per million British Thermal Units, the same as the rate approved for Reliance Industries, bringing about near-uniformity in the cost of the fuel in India.
FII trading activity on NSE and BSE on Capital Market Segment
The following is combined FII trading data across NSE and BSE collated on the basis of trades executed by FIIs on 19-May-2010.
FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category Date Buy Value Sell Value Net Value
FII 19-May-2010 2403.76 3787.67 -1383.91
Domestic Institutional Investors trading activity on NSE and BSE on Capital Market Segment
The following is combined Domestic Institutional Investors trading data across NSE and BSE collated on the basis of trades executed by Banks, DFIs, Insurance, MFs and New Pension System on 19-May-2010.
DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category Date Buy Value Sell Value Net Value
DII 19-May-2010 1794.64 1738.29 56.35
The following is combined FII trading data across NSE and BSE collated on the basis of trades executed by FIIs on 19-May-2010.
FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category Date Buy Value Sell Value Net Value
FII 19-May-2010 2403.76 3787.67 -1383.91
Domestic Institutional Investors trading activity on NSE and BSE on Capital Market Segment
The following is combined Domestic Institutional Investors trading data across NSE and BSE collated on the basis of trades executed by Banks, DFIs, Insurance, MFs and New Pension System on 19-May-2010.
DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category Date Buy Value Sell Value Net Value
DII 19-May-2010 1794.64 1738.29 56.35
Imp News Compilations
Toyota says to fix 22,300 Passo small cars in Japan - Reuters
Symantec to buy VeriSign security business - Reuters
MasterCard settles data security claims with Heartland - Reuters
U.S. Senate fails to end debate on bank reform bill - Reuters
Lyondell says restarting Houston refinery CDU - Reuters
Nikkei slips, exporters dragged down by strong yen - Reuters
ANALYSIS - New U.S. trading curbs will cause more uncertainty - Reuters
Toyota confident throttles not linked to recall saga - Reuters
Germany fights speculators, markets sag - Reuters
U.S. unlikely to push China hard on currency issue - Reuters
U.S. Senate fails to end debate on bank reform bill - Reuters
PRECIOUS - Gold slides below $1,200/oz on euro volatility - Reuters
Brazil, India to spur volatile sugar market - Reuters
Front-month oil rises ahead of expiry - Reuters
Wall St falls on concerns over German trading ban - Reuters
U.S. consumer prices dip, support Fed's low rate vow - Reuters
Second NJ exec pleads guilty to online fraud - Reuters
Toyota recalls Lexus LS sedans for steering fix - Reuters
Fed sees firmer growth, mulls asset sales - Reuters
GE CEO expects word on dividend rise this year - Reuters
Novartis to pay $250 mln for gender bias - U.S. jury - Reuters
BP siphoning more oil in effort to stem Gulf crisis - Reuters
Singapore, Hong Kong most open to trade - report - Reuters
Vodafone, Bharti win costly 3G spectrum - Reuters
Tougher Wall St reform backers running out of time - Reuters
U.S. probes another BP rig, seeks MMS shakeup - Reuters
ANALYSIS - Economic governance divides France and Germany - Reuters
Volcker: Europe's debt crisis shows risks for U.S. - Reuters
Dubai World offers 30 pct debt repayment in 5 yr - paper - Reuters
Americans wary of China's economic juggernaut - Reuters
Prudential eyes hybrids to cut AIA finance costs - Reuters
Hedge funds react with fury to German shorting ban - Reuters
Google beats Microsoft in smartphones, catching Apple - Reuters
Honeywell to buy France's Sperian for $1.1 bln - Reuters
India may become regular importer of sugar - Reuters
Gold slides below $1,200/oz in volatile trade - Reuters
GLOBAL MARKETS - Euro rallies but stocks fall after German ban - Reuters
Govt raises state-set natural gas prices - Reuters
Cyclone builds off Andhra Pradesh, oilfield closes - Reuters
Reliance says stops oil output due to cyclone - Reuters
RBI head says inflation is worrisome - Reuters
Bharti: could not get pan-India 3G due to high prices - Reuters
Vodafone India to launch 3G services by end-2010 - Reuters
France not following new German short-selling ban - Reuters
Greece denies market talk it would consider leaving EU - Reuters
Mukherjee: 3G auction revenue gives elbow room - Reuters
Wall St opens lower - Reuters
China Foton eyes India truck plant by 2011 - sources - Reuters
Steel mininister favours iron ore export curbs - Reuters
Wall St set for lower open on Germany market moves - Reuters
ANALYST VIEW - Vodafone, Bharti win key India 3G spectrum - Reuters
Global office rents starting to recover - CBRE - Reuters
Geithner: trading bans historically "not good" - Reuters
ICICI falls 7 pct after plans to buy Bank of Rajasthan - Reuters
Rupee posts biggest 1-day fall in 15 months - Reuters
March revised inflation may top 10 pct - official - Reuters
India spot gold higher on brisk buying - Reuters
Target, BJ's show pickup in consumer spending - Reuters
3G auction revenue seen at $14.6 bln - govt - Reuters
Reliance makes rare purchase of Urals crude - Reuters
3G haul to cut FY11 govt borrowing - Reuters
Reliance halts crude output due to cyclone - sources - Reuters
Reliance April crude imports up 42pct m/m - trade - Reuters
3G auction nets about $11 bln for govt - data - Reuters
Azure Power plans 100 MW solar projects - Reuters
No role for OPEC for now on oil price fall - Algeria - Reuters
Piramal denies stake sale reports, shares fall - Reuters
TIMELINE - Eurozone debt crisis - Reuters
Toyota says to fix 22,300 Passo small cars in Japan - Reuters
Symantec to buy VeriSign security business - Reuters
MasterCard settles data security claims with Heartland - Reuters
U.S. Senate fails to end debate on bank reform bill - Reuters
Lyondell says restarting Houston refinery CDU - Reuters
Nikkei slips, exporters dragged down by strong yen - Reuters
ANALYSIS - New U.S. trading curbs will cause more uncertainty - Reuters
Toyota confident throttles not linked to recall saga - Reuters
Germany fights speculators, markets sag - Reuters
U.S. unlikely to push China hard on currency issue - Reuters
U.S. Senate fails to end debate on bank reform bill - Reuters
PRECIOUS - Gold slides below $1,200/oz on euro volatility - Reuters
Brazil, India to spur volatile sugar market - Reuters
Front-month oil rises ahead of expiry - Reuters
Wall St falls on concerns over German trading ban - Reuters
U.S. consumer prices dip, support Fed's low rate vow - Reuters
Second NJ exec pleads guilty to online fraud - Reuters
Toyota recalls Lexus LS sedans for steering fix - Reuters
Fed sees firmer growth, mulls asset sales - Reuters
GE CEO expects word on dividend rise this year - Reuters
Novartis to pay $250 mln for gender bias - U.S. jury - Reuters
BP siphoning more oil in effort to stem Gulf crisis - Reuters
Singapore, Hong Kong most open to trade - report - Reuters
Vodafone, Bharti win costly 3G spectrum - Reuters
Tougher Wall St reform backers running out of time - Reuters
U.S. probes another BP rig, seeks MMS shakeup - Reuters
ANALYSIS - Economic governance divides France and Germany - Reuters
Volcker: Europe's debt crisis shows risks for U.S. - Reuters
Dubai World offers 30 pct debt repayment in 5 yr - paper - Reuters
Americans wary of China's economic juggernaut - Reuters
Prudential eyes hybrids to cut AIA finance costs - Reuters
Hedge funds react with fury to German shorting ban - Reuters
Google beats Microsoft in smartphones, catching Apple - Reuters
Honeywell to buy France's Sperian for $1.1 bln - Reuters
India may become regular importer of sugar - Reuters
Gold slides below $1,200/oz in volatile trade - Reuters
GLOBAL MARKETS - Euro rallies but stocks fall after German ban - Reuters
Govt raises state-set natural gas prices - Reuters
Cyclone builds off Andhra Pradesh, oilfield closes - Reuters
Reliance says stops oil output due to cyclone - Reuters
RBI head says inflation is worrisome - Reuters
Bharti: could not get pan-India 3G due to high prices - Reuters
Vodafone India to launch 3G services by end-2010 - Reuters
France not following new German short-selling ban - Reuters
Greece denies market talk it would consider leaving EU - Reuters
Mukherjee: 3G auction revenue gives elbow room - Reuters
Wall St opens lower - Reuters
China Foton eyes India truck plant by 2011 - sources - Reuters
Steel mininister favours iron ore export curbs - Reuters
Wall St set for lower open on Germany market moves - Reuters
ANALYST VIEW - Vodafone, Bharti win key India 3G spectrum - Reuters
Global office rents starting to recover - CBRE - Reuters
Geithner: trading bans historically "not good" - Reuters
ICICI falls 7 pct after plans to buy Bank of Rajasthan - Reuters
Rupee posts biggest 1-day fall in 15 months - Reuters
March revised inflation may top 10 pct - official - Reuters
India spot gold higher on brisk buying - Reuters
Target, BJ's show pickup in consumer spending - Reuters
3G auction revenue seen at $14.6 bln - govt - Reuters
Reliance makes rare purchase of Urals crude - Reuters
3G haul to cut FY11 govt borrowing - Reuters
Reliance halts crude output due to cyclone - sources - Reuters
Reliance April crude imports up 42pct m/m - trade - Reuters
3G auction nets about $11 bln for govt - data - Reuters
Azure Power plans 100 MW solar projects - Reuters
No role for OPEC for now on oil price fall - Algeria - Reuters
Piramal denies stake sale reports, shares fall - Reuters
TIMELINE - Eurozone debt crisis - Reuters
Seems like Merkel's portfolio manager is holding short positions on almost all stock market and commodities.. and has given advise to Merkel to throw the bomb.
She has shaken up the EU zone and all market players.
(can't understand the hidden agenda behind it. But atleast, it should push people to take right action..rather then become complecent with global recovery story).
Happy Trading
She has shaken up the EU zone and all market players.
(can't understand the hidden agenda behind it. But atleast, it should push people to take right action..rather then become complecent with global recovery story).
Happy Trading
Corporate News Headline
• Reliance Infrastructure has won Rs 9.25 bn project from the National Highways Authority in Tamil Nadu. The six-laning of the 60-km Hosur-Krishnagiri stretch on NH 7 will be built on design, build, finance, operate and transfer toll basis. (BS)
• Mahindra Satyam announced that its business process outsourcing arm Mahindra Satyam BPO has renewed its existing contract for a further period of five years with GlaxoSmithKline. (BS)
• Grasim Industries Ltd posted a 15% increase in its net profit at Rs. 6.54 bn for the quarter ending on March 31, 2010. The corresponding numbers for the same period a year ago was Rs. 5.69 bn. (BS)
• Reliance Infrastructure has won Rs 9.25 bn project from the National Highways Authority in Tamil Nadu. The six-laning of the 60-km Hosur-Krishnagiri stretch on NH 7 will be built on design, build, finance, operate and transfer toll basis. (BS)
• Mahindra Satyam announced that its business process outsourcing arm Mahindra Satyam BPO has renewed its existing contract for a further period of five years with GlaxoSmithKline. (BS)
• Grasim Industries Ltd posted a 15% increase in its net profit at Rs. 6.54 bn for the quarter ending on March 31, 2010. The corresponding numbers for the same period a year ago was Rs. 5.69 bn. (BS)
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