Sensex and Nifty today - 30th june 2008

SENSEX	13461.60	-340.62
NIFTY	4040.55	-96.10
DJIA	11346.51	-106.91
NASDAQ	2315.63	-5.74
RS/$	42.79	-0.06

Exchange rates - 30th june 2008

Currency	Symbol	Mid-rate
Australian Dollar	1 AUD	2,0476
Brazilian Real	1 BRL	1,3287
Bulgarian Lev	1 BGN	1,7150
Canadian Dollar	1 CAD	2,1002
Chinese Yuan Renminbi	1 CNY	0,3091
Croatian kuna	1 HRK	0,4633
Czech Koruna	1 CZK	0,1400
Danish Krone	1 DKK	0,4497
Estonian Kroon	1 EEK	0,2144
Euro	1 EUR	3,3542
Hong Kong Dollar	1 HKD	0,2718
Hungarian Forint	100 HUF	1,4143
Iceland Krona	100 ISK	2,6418
Indonesian Rupiah	10000 IDR	2,2976
Japanese Yen	100 JPY	2,0156
Latvian Lats	1 LVL	4,7611
Lithuanian Litas	1 LTL	0,9714
Malaysian Ringgit	1 MYR	0,6531
Mexican Peso	1 MXN	0,2060
New Zealand Dollar	1 NZD	1,6218
Norwegian Krone	1 NOK	0,4197
Philippine Peso	1 PHP	0,0471
Pound Sterling	1 GBP	4,2271
Romanian Leu	1 RON	0,9189
Russian Ruble	1 RUB	0,0906
Singapore Dollar	1 SGD	1,5617
Slovak Koruna	1 SKK	0,1110
South African Rand	1 ZAR	0,2691
South Korean Won	100 KRW	0,2027
Swedish Krona	1 SEK	0,3554
Swiss Franc	1 CHF	2,0907
Thai Baht	1 THB	0,0633
Turkish Lira	1 TRY	1,7281
Ukrainian Hryvnia	1 UAH	0,4662
US Dollar	1 USD	2,1194
SDR (IMF)	1 XDR	3,4716

Nifty- 30th june 2008

Nifty is Heading Towards Longterm TrendLine supports so one can Expect Some Pullback at the support Levels. So buy near 4010 With stoploss of 3960.

Sensex today- 27 june 2008

SENSEX	13802.22	-619.60
NIFTY	4136.65	-179.20
DJIA	11453.42	-358.41
NASDAQ	2321.37	-79.89
RS/$	42.73	0.09

Exchange Rates - 27 june 2008

Currency	Symbol	Mid-rate
Australian Dollar	1 AUD	2,0557
Brazilian Real	1 BRL	1,3338
Bulgarian Lev	1 BGN	1,7227
Canadian Dollar	1 CAD	2,1165
Chinese Yuan Renminbi	1 CNY	0,3115
Croatian kuna	1 HRK	0,4649
Czech Koruna	1 CZK	0,1401
Danish Krone	1 DKK	0,4518
Estonian Kroon	1 EEK	0,2153
Euro	1 EUR	3,3694
Hong Kong Dollar	1 HKD	0,2739
Hungarian Forint	100 HUF	1,4095
Iceland Krona	100 ISK	2,6589
Indonesian Rupiah	10000 IDR	2,3170
Japanese Yen	100 JPY	2,0112
Latvian Lats	1 LVL	4,7874
Lithuanian Litas	1 LTL	0,9758
Malaysian Ringgit	1 MYR	0,6560
Mexican Peso	1 MXN	0,2073
New Zealand Dollar	1 NZD	1,6231
Norwegian Krone	1 NOK	0,4222
Philippine Peso	1 PHP	0,0477
Pound Sterling	1 GBP	4,2446
Romanian Leu	1 RON	0,9216
Russian Ruble	1 RUB	0,0912
Singapore Dollar	1 SGD	1,5675
Slovak Koruna	1 SKK	0,1112
South African Rand	1 ZAR	0,2692
South Korean Won	100 KRW	0,2050
Swedish Krona	1 SEK	0,3581
Swiss Franc	1 CHF	2,0972
Thai Baht	1 THB	0,0638
Turkish Lira	1 TRY	1,7329
Ukrainian Hryvnia	1 UAH	0,4685
US Dollar	1 USD	2,1366
SDR (IMF)	1 XDR	3,4830

Market update-26th June Cairn

As We See that cairn has breached the support which was previous resistance and now Cairn has Multiple Resistance at the levels at 270. So If Cairn Breaks the Level of 270 With Good Volumes and Stays above it and the stock is heading for 350 Levels. Buy above 270 With Stoploss of 267.

Exchange rate - 26 june 2008

Currency	Symbol	Mid-rate
Australian Dollar	1 AUD	2,0554
Brazilian Real	1 BRL	1,3464
Bulgarian Lev	1 BGN	1,7172
Canadian Dollar	1 CAD	2,1211
Chinese Yuan Renminbi	1 CNY	0,3120
Croatian kuna	1 HRK	0,4634
Czech Koruna	1 CZK	0,1393
Danish Krone	1 DKK	0,4503
Estonian Kroon	1 EEK	0,2146
Euro	1 EUR	3,3585
Hong Kong Dollar	1 HKD	0,2744
Hungarian Forint	100 HUF	1,4232
Iceland Krona	100 ISK	2,6745
Indonesian Rupiah	10000 IDR	2,3240
Japanese Yen	100 JPY	1,9860
Latvian Lats	1 LVL	4,7794
Lithuanian Litas	1 LTL	0,9727
Malaysian Ringgit	1 MYR	0,6578
Mexican Peso	1 MXN	0,2085
New Zealand Dollar	1 NZD	1,6211
Norwegian Krone	1 NOK	0,4225
Philippine Peso	1 PHP	0,0482
Pound Sterling	1 GBP	4,2376
Romanian Leu	1 RON	0,9201
Russian Ruble	1 RUB	0,0911
Singapore Dollar	1 SGD	1,5676
Slovak Koruna	1 SKK	0,1109
South African Rand	1 ZAR	0,2715
South Korean Won	100 KRW	0,2063
Swedish Krona	1 SEK	0,3569
Swiss Franc	1 CHF	2,0730
Thai Baht	1 THB	0,0639
Turkish Lira	1 TRY	1,7590
Ukrainian Hryvnia	1 UAH	0,4631
US Dollar	1 USD	2,1420
SDR (IMF)	1 XDR	3,4871

Sensex-25 june 2008

SENSEX	14421.82	201.75
NIFTY	4315.85	63.20
DJIA	11811.83	4.40
NASDAQ	2401.26	32.98
RS/$	42.82	0.21

Sensex today- 23rd june 2008

SENSEX	14293.32	-277.97
NIFTY	4266.40	-81.15
DJIA	11842.69	-220.40
NASDAQ	2406.09	-55.97
RS/$	42.97	0.04

Stock market updates-23rd June Bharat Forge

Bharat Forge Has Give An Intresting charts Two Types of Trade Are available.
1. Short Bhart Forge With stoploss of 248 for a tgt of 210-220.(or) Short Below 236
2.Go Long with a stoploss of 236 for a tgt of 270 and 300

India cements-20th June

India Cements Has Given Breakout and is Headed for 185 Levels and Medium Term Tgt is 210. Stoploss would be 161 on closing basis.

Stock market updates- sensex continues its downgrade

SENSEX	14571.29	-516.70
NIFTY	4347.55	-156.70
DJIA	11842.69	-220.40
NASDAQ	2406.09	-55.97
RS/$	42.97	0.04

Exchange rate table- 20 june 2008

Currency	Symbol	Mid-rate
Australian Dollar	1 AUD	2,0594
Brazilian Real	1 BRL	1,3465
Bulgarian Lev	1 BGN	1,7211
Canadian Dollar	1 CAD	2,1306
Chinese Yuan Renminbi	1 CNY	0,3143
Croatian kuna	1 HRK	0,4644
Czech Koruna	1 CZK	0,1397
Danish Krone	1 DKK	0,4514
Estonian Kroon	1 EEK	0,2151
Euro	1 EUR	3,3662
Hong Kong Dollar	1 HKD	0,2770
Hungarian Forint	100 HUF	1,4065
Iceland Krona	100 ISK	2,6749
Indonesian Rupiah	10000 IDR	2,3289
Japanese Yen	100 JPY	2,0045
Latvian Lats	1 LVL	4,7897
Lithuanian Litas	1 LTL	0,9749
Malaysian Ringgit	1 MYR	0,6668
Mexican Peso	1 MXN	0,2098
New Zealand Dollar	1 NZD	1,6465
Norwegian Krone	1 NOK	0,4186
Philippine Peso	1 PHP	0,0488
Pound Sterling	1 GBP	4,2643
Romanian Leu	1 RON	0,9176
Russian Ruble	1 RUB	0,0916
Singapore Dollar	1 SGD	1,5833
Slovak Koruna	1 SKK	0,1109
South African Rand	1 ZAR	0,2723
South Korean Won	100 KRW	0,2100
Swedish Krona	1 SEK	0,3581
Swiss Franc	1 CHF	2,0790
Thai Baht	1 THB	0,0647
Turkish Lira	1 TRY	1,7725
Ukrainian Hryvnia	1 UAH	0,4643
US Dollar	1 USD	2,1625
SDR (IMF)	1 XDR	3,5128

Steep drop in sensex

The markets extended their hefty losses for the second day on Thursday with the Sensex shedding over 300 points as stocks of realty, bank and consumer goods sectors came under heavy selling pressure following weak Asian cues and political uncertainty at the Centre.

The 30-share index on the Bombay Stock Exchange closed at 15087.99 against Wednesday’s close of 15422.31, a fall of 334.32 points.

Ranbaxy Labs, which announced settlement of most of its patent litigation over cholesterol lowering drug Lipitor with the U.S.-based Pfizer, was battered on the BSE with shares closing down by a significant 7.68 per cent.

Rupee falls

The rupee lost eight paise at 42.9650/9750 against the dollar on Thursday. At the interbank foreign exchange market, the rupee resumed lower at 42.92/94 and moved in a range of 42.92 and 42.98 before ending at 42.9650/9750 against Wednesday’s close of 42.88/89.

Its time for small retailers

The fledgling retail sector is set to witness a spate of sellouts amid falling valuations. Small grocery retail chains, typically with less than 100 stores, are sending feelers to bigger chains and potential new entrants for possible buyouts.

The lack of funds is casting a doubt on their sustenance and ability to scale up in the low-margin and dog-eat-dog world of retail business. What is making matters worse is that big retailers—the likely buyers—have already garnered some experience and achieved a sizeable presence and want to buy out smaller players only on their own terms.

Some months ago, a north Indian supermarket chain called off a prospective selloff deal with a business house because it wanted a much higher valuation. The chain is now back in the market scouting for a buyer, but this time the asking price is 30% less. Similarly, a south-based chain is sounding out prospective buyers for a complete sellout. Representatives of another small retail chain are approaching even real estate players with retail plans, sending out proposals under fictitious names so that its identity is not leaked in the market.

“We are not averse to selling out but only after we have set up 500 stores. If the promoters of Ranbaxy can sell out, why not us?” says a retailer, who owns 50-60 stores in NCR. He says he hasn’t been approached by any big Indian retailer for a possible buyout so far. According to Ernst & Young Partner (retail) Pinakiranjan Mishra, the bargaining power has shifted from small retailers to potential buyers in the past six months.

“It will still make sense for big Indian retailers to buy the smaller ones in markets where they are not present. Also, they will get a good deal today since small retailers are desperate for cash infusion. FDI restriction bars private equity as well as big foreign retailers from investing in Indian retailers,” says Mr Mishra.


Tables have clearly turned since the retail revolution began two years ago. When the big business houses entered the scene and started wooing regional business chains for buying them out to build immediate scale, the owners acted pricey. While some deals were sealed, majority of the negotiations didn’t consummate on account of high asking prices.

Since then, large conglomerates, whether it is Reliance Retail or Spencer’s, have moved on their own and built a fairly big retail presence across all formats. They have locked in real estate space and built management bandwidth. So, they see no value in regional players anymore, barring one or two. On the other hand, small players, some of whom had built their businesses only to sell at a targeted period, find themselves pushed to a corner.

They don’t have money to pump into the business on a sustained basis. More importantly, real estate prices have started correcting, so the edge of having signed real estate at a cheaper price much in advance is no longer there. “The rentals have corrected by as much as 15-20% since January this year,” says grocery chain LM@365 owner Prem Garg.

“I have signed locations for supermarkets that will be launched 6-8 months from now at prices that are 15-20% cheaper than what a retailer negotiated two years ago? So, where is the advantage?’’ asked a large retailer who has been approached by two small retailers for an alliance.

These small retailers have mainly been present in convenience store formats in residential areas. Significantly, since the Delhi government has put off its drive to shut commercial establishments in residential areas, there is an increased supply of space for convenience stores.

Also, regional players were under the impression that accumulating square feet area (number of stores) and creating a brand with some visibility were enough to claim a high valuation. What they didn’t anticipate is the real estate crash. “In this backdrop, valuations are bound to come down because they lack a clear business model, sustainable profits and robust supply chain,’’ said retail consultancy Technopak’s Arvind Singhal.

Tata steel - 19th june

Tatasteel Has give bearish breakout on lower trendline so it is headed towards 800 and 780. If there is any gap down dont go for shorting. Short stoploss 829 cmp 822.

Market today -19 june 2008

SENSEX	15036.78	-51.21
NIFTY	4481.95	-22.30
DJIA	12063.09	34.03
NASDAQ	2462.06	32.35
RS/$	42.93	0.03

Echange Rate table- 19 june 2008

Currency	Symbol	Mid-rate
Australian Dollar	1 AUD	2,0560
Brazilian Real	1 BRL	1,3516
Bulgarian Lev	1 BGN	1,7223
Canadian Dollar	1 CAD	2,1357
Chinese Yuan Renminbi	1 CNY	0,3160
Croatian kuna	1 HRK	0,4648
Czech Koruna	1 CZK	0,1395
Danish Krone	1 DKK	0,4516
Estonian Kroon	1 EEK	0,2153
Euro	1 EUR	3,3685
Hong Kong Dollar	1 HKD	0,2783
Hungarian Forint	100 HUF	1,3909
Iceland Krona	100 ISK	2,6310
Indonesian Rupiah	10000 IDR	2,3408
Japanese Yen	100 JPY	2,0159
Latvian Lats	1 LVL	4,7800
Lithuanian Litas	1 LTL	0,9756
Malaysian Ringgit	1 MYR	0,6648
Mexican Peso	1 MXN	0,2106
New Zealand Dollar	1 NZD	1,6470
Norwegian Krone	1 NOK	0,4193
Philippine Peso	1 PHP	0,0489
Pound Sterling	1 GBP	4,2791
Romanian Leu	1 RON	0,9173
Russian Ruble	1 RUB	0,0919
Singapore Dollar	1 SGD	1,5867
Slovak Koruna	1 SKK	0,1110
South African Rand	1 ZAR	0,2702
South Korean Won	100 KRW	0,2113
Swedish Krona	1 SEK	0,3581
Swiss Franc	1 CHF	2,0840
Thai Baht	1 THB	0,0649
Turkish Lira	1 TRY	1,7656
Ukrainian Hryvnia	1 UAH	0,4638
US Dollar	1 USD	2,1731
SDR (IMF)	1 XDR	3,5070

Stocks rise, but traders cautious ahead of inflation

Stocks opened higher on Friday tracking advances in certain East Asian markets on account of a drop in crude oil. But dealers warned the rise may be short lived as the market awaits inflation data expected around noon.

At 10:05 am, the National Stock Exchange’s Nifty was up 12 points or 0.27 per cent at 4516.60.

The Bombay Stock Exchange’s Sensex was up 70 points or 0.46 per cent at 15,157.12.

Biggest Sensex gainers were ONGC (up 1.93%), BHEL (1.54%), DLF (1.15%), Grasim Industries (1.11%), NTPC (1.09%) and Infosys Technologies (1.07%).

Losers comprised Bharti Airtel (down 0.7%), Reliance Industries (0.29%), Reliance Communications (0.25%) and ITC (0.12%).

Market breadth on BSE showed 501 advances against 188 declines.

“The morning buoyancy will be on account of the $4.75 slide in crude, which in turn was reacting to the decision of China to increase the fuel prices by 17 per cent. The market hopes that the price hike will reduce consumption and may help in cooling crude prices,” said Anagram Stock Broking in a note to clients.

“We believe the move will not reduce consumption, though crude can temporarily face pressure. Secondly, this price hike will add to the inflation woes further and this higher inflation will be exported to other countries by China. The view remains to be on the sidelines and use any rise to lighten commitments,” the brokerage added.

Following China’s decision to hike oil prices in order to curb consumption, the CSI 300 Index shot up 4.86 per cent in China, the Hang Seng was up 1.71 per cent in Hong Kong and the Straits Times added 0.93 per cent in Singapore. The Nikkei 225, however, was down 0.95 per cent in Japan.

Oil slipped further on Friday, after a nearly $5 plunge a day ago, as China's move to raise fuel prices raised concerns that demand in the world's second-largest oil consumer will fall. US July crude, which expires later in the day, fell 66 cents to $131.27 a barrel.

The rupee was trading at 42.96/97 a dollar, from the previous close of 42.97/98.

Inflation data due around noon, is expected to have risen to a 13-year high of 9.82 per cent in the week to June 7, higher than the previous week's 8.75 per cent.

US stocks rose on Thursday as a drop in oil prices fueled investor optimism about consumer spending, driving shares of transportation and retailers sharply higher. The Dow Jones Industrial Average gained 0.28 per cent, the Standards & Poor’s 500 Index added 0.38 per cent and the Nasdaq Composite Index rose 1.33 per cent.

Stock market updates-18th June 2008 Balrampur chini sugars

Balrampur chini is Looking Good and may towards 105-110 Levels in Coming weeks One can Buy.

Exchange Rates-17 june 2008

Currency	Symbol	Mid-rate
Australian Dollar	1 AUD	2,0549
Brazilian Real	1 BRL	1,3457
Bulgarian Lev	1 BGN	1,7308
Canadian Dollar	1 CAD	2,1434
Chinese Yuan Renminbi	1 CNY	0,3174
Croatian kuna	1 HRK	0,4672
Czech Koruna	1 CZK	0,1399
Danish Krone	1 DKK	0,4539
Estonian Kroon	1 EEK	0,2164
Euro	1 EUR	3,3852
Hong Kong Dollar	1 HKD	0,2801
Hungarian Forint	100 HUF	1,3714
Iceland Krona	100 ISK	2,7381
Indonesian Rupiah	10000 IDR	2,3501
Japanese Yen	100 JPY	2,0227
Latvian Lats	1 LVL	4,7963
Lithuanian Litas	1 LTL	0,9804
Malaysian Ringgit	1 MYR	0,6703
Mexican Peso	1 MXN	0,2121
New Zealand Dollar	1 NZD	1,6499
Norwegian Krone	1 NOK	0,4218
Philippine Peso	1 PHP	0,0494
Pound Sterling	1 GBP	4,2878
Romanian Leu	1 RON	0,9247
Russian Ruble	1 RUB	0,0924
Singapore Dollar	1 SGD	1,5992
Slovak Koruna	1 SKK	0,1117
South African Rand	1 ZAR	0,2729
South Korean Won	100 KRW	0,2138
Swedish Krona	1 SEK	0,3620
Swiss Franc	1 CHF	2,0958
Thai Baht	1 THB	0,0659
Turkish Lira	1 TRY	1,7742
Ukrainian Hryvnia	1 UAH	0,4642
US Dollar	1 USD	2,1835
SDR (IMF)	1 XDR	3,5331

Stock Market updates-17 june 2008

SENSEX	15696.90	301.08
NIFTY	4653.00	80.50
DJIA	12269.08	-38.27
NASDAQ	2474.78	20.28
RS/$	42.90	-0.03

Exchange Rate Table-13th june 2008

Currency	Symbol	Mid-rate
Australian Dollar	1 AUD	2,0599
Brazilian Real	1 BRL	1,3487
Bulgarian Lev	1 BGN	1,7340
Canadian Dollar	1 CAD	2,1494
Chinese Yuan Renminbi	1 CNY	0,3193
Croatian kuna	1 HRK	0,4680
Czech Koruna	1 CZK	0,1400
Danish Krone	1 DKK	0,4548
Estonian Kroon	1 EEK	0,2168
Euro	1 EUR	3,3915
Hong Kong Dollar	1 HKD	0,2820
Hungarian Forint	100 HUF	1,3721
Iceland Krona	100 ISK	2,7975
Indonesian Rupiah	10000 IDR	2,3579
Japanese Yen	100 JPY	2,0382
Latvian Lats	1 LVL	4,7916
Lithuanian Litas	1 LTL	0,9822
Malaysian Ringgit	1 MYR	0,6705
Mexican Peso	1 MXN	0,2124
New Zealand Dollar	1 NZD	1,6456
Norwegian Krone	1 NOK	0,4208
Philippine Peso	1 PHP	0,0496
Pound Sterling	1 GBP	4,2911
Romanian Leu	1 RON	0,9256
Russian Ruble	1 RUB	0,0927
Singapore Dollar	1 SGD	1,5974
Slovak Koruna	1 SKK	0,1119
South African Rand	1 ZAR	0,2712
South Korean Won	100 KRW	0,2108
Swedish Krona	1 SEK	0,3619
Swiss Franc	1 CHF	2,1063
Thai Baht	1 THB	0,0664
Turkish Lira	1 TRY	1,7565
Ukrainian Hryvnia	1 UAH	0,4677
US Dollar	1 USD	2,2035
SDR (IMF)	1 XDR	3,5439

Stock Market updates-13 jun 2008

SENSEX	15435.62	246.00
NIFTY	4579.00	61.90
DJIA	12307.35	165.77
NASDAQ	2454.50	50.15
RS/$	42.87	-0.06

Stock market-13th june 2008

Sasken Looks Good at this Level Buy above 126 for 133-135. Medium term tgt 150.

Market Today

Indices SENSEX – Jun 12 4:00PM 15250.20 (64.88) Index Current % Diff BSE Sensex 15250.20 0.43 BSE 200 2196.12 -0.96 BSE 500 7047.60 -1.11 BSE Technology 3843.34 3.73 NIFTY – Jun 12 4:45PM 4539.35 (15.75) Index Current % Diff S&P CNX Nifty 4539.35 0.35 CNX Nifty Junior 7414.95 0.52 S&P CNX Defty 3672.40 0.58 S&P CNX 500 3645.60 0.36

Gainers and Losers Top 5 BSE Gainers Name Current % Diff MASL 145.20 20.00 SOLECTEMS 117.95 18.96 GHCL 63.45 18.05 TAINPOLY 56.00 16.67 GWALCHEM 83.65 15.54 Top 5 NSE Gainers Name Current % Diff MASL 145.70 20.02 GHCL 63.60 18.55 GWALCHEM 83.65 16.10 CERASANI 127.40 14.47 JYOTISTR 126.30 14.25 Top 5 BSE Losers Name Current % Diff BRADMOR 91.05 -10.16 SAVEHTL 66.80 -9.73 SYSCORP 40.65 -9.57 SHOWEXPO 67.00 -9.40 JMAIND 126.50 -9.32 Top 5 NSE Losers Name Current % Diff SHREIND 28.70 -10.17 ENKEI 45.25 -7.46 JVSL 996.90 -7.38 NAHARENT 53.30 -7.30 BAJAJFINSV 605.90 -7.28

Top Turnovers by Volume and Value Top Turnover -> VOLUME BSE Name Curr. Volume(lakhs) IFCI 315.00 RPL 212.00 RELINATU 184.00 SPICETELE 131.00 SUZENER 115.00 Top Turnover -> VALUE BSE Name Curr. Value(Rs/lkh) RIL 42696.27 RPL 38358.35 SUZENER 29099.34 RELCAP 25469.20 DLF 22352.28 NSE Name Curr. Volume(lakhs) NIFTY 4952.00 IFCI 631.00 RPL 337.00 RELINATU 311.00 CHAMBALF 211.00 NSE Name Curr. Value(Rs/lkh) NIFTY 22480745.08 RIL 119267.28 RELCAP 66385.48 RPL 60837.10 BHEL 58640.48

Exchange rate table - 12th june 2008

Currency	Symbol	Mid-rate
Australian Dollar	1 AUD	2,0559
Brazilian Real	1 BRL	1,3372
Bulgarian Lev	1 BGN	1,7314
Canadian Dollar	1 CAD	2,1437
Chinese Yuan Renminbi	1 CNY	0,3175
Croatian kuna	1 HRK	0,4672
Czech Koruna	1 CZK	0,1388
Danish Krone	1 DKK	0,4540
Estonian Kroon	1 EEK	0,2164
Euro	1 EUR	3,3863
Hong Kong Dollar	1 HKD	0,2809
Hungarian Forint	100 HUF	1,3692
Iceland Krona	100 ISK	2,8083
Indonesian Rupiah	10000 IDR	2,3518
Japanese Yen	100 JPY	2,0407
Latvian Lats	1 LVL	4,8217
Lithuanian Litas	1 LTL	0,9807
Malaysian Ringgit	1 MYR	0,6699
Mexican Peso	1 MXN	0,2101
New Zealand Dollar	1 NZD	1,6519
Norwegian Krone	1 NOK	0,4220
Philippine Peso	1 PHP	0,0493
Pound Sterling	1 GBP	4,2791
Romanian Leu	1 RON	0,9237
Russian Ruble	1 RUB	0,0924
Singapore Dollar	1 SGD	1,5905
Slovak Koruna	1 SKK	0,1117
South African Rand	1 ZAR	0,2748
South Korean Won	100 KRW	0,2114
Swedish Krona	1 SEK	0,3614
Swiss Franc	1 CHF	2,1066
Thai Baht	1 THB	0,0662
Turkish Lira	1 TRY	1,7465
Ukrainian Hryvnia	1 UAH	0,4638
US Dollar	1 USD	2,1941
SDR (IMF)	1 XDR	3,5252

Glaxo looked at Ranbaxy deal - sources

GlaxoSmithKline Plc also weighed a deal with Ranbaxy Laboratories Ltd before the Indian drugmaker agreed to cede control to Daiichi Sankyo Co Ltd, two sources familiar with the situation said on Thursday.

Japan's Daiichi struck an agreement this week to pay up to $4.6 billion for control of Ranbaxy, securing it access to India's biggest maker of generic medicines, as well as a stronger position in emerging markets.

Daiichi, however, was not the only branded drugmaker in discussions with Ranbaxy. British-based Glaxo also showed keen interest, the sources said.

Officials at Glaxo and Ranbaxy declined to comment.

Glaxo, the world's second-largest drugmaker, already has an established relationship with Ranbaxy, through a drug discovery and clinical development alliance.

Glaxo's new CEO Andrew Witty has also made clear in recent weeks that he plans to make emerging markets a key area for future growth.

"There is a realisation that the business model may need to change and that actually being in generics can open up new markets," said one source.

Indian television channel CNBC-TV18 reported that Glaxo had offered 770 rupees per share for control of Ranbaxy -- more than Daiichi -- but its offer was linked to conditions that stalled the process.

Daiichi is to buy the 34.8 percent controlling stake held by Ranbaxy's founders, the Singh family, for 737 rupees per share. It will also make an open offer for up to a further 20 percent of Ranbaxy shares.

CNBC-TV18 added that Sanofi-Aventis SA of France was also a potential bidder at one stage but then dropped out.

The deal between Daiichi, a traditional branded drugs firm, and Ranbaxy took many in the industry by surprise, since most big branded drugmakers, with the notable exception of Switzerland's Novartis AG, have shunned the generics sector.

Some analysts believe the Daiichi-Ranbaxy deal could be a sign that things are now about to change.

Acquiring companies making low-cost, off-patent generics could help large drugmakers diversify at a time when their core markets in Europe and the United States are under pressure and many blockbuster drugs are losing patent protection.

Chart-12th june 2008

Gmr Infra Looks Over Sold and can see a bounce till 115-120. Buy it for investment also for one Year.

Rupee inches up after RBI rate increase

The Indian rupee crept up on Thursday as a hike in the central bank's key lending rate boosted sentiment for the local unit, but gains were capped by a rise in global oil prices and a wobbly stock market.

The partially convertible rupee ended at 42.8350/8450 per dollar, 0.05 percent stronger than Wednesday's close of 42.86/87. It had hit a 13-month low of 43.21 on May 22.

"The rupee was stuck between oil being on the high side and the rate hike. But the stock market shrugged off the rate hike and ended in positive territory, so the rupee also should hold steady for a while," a dealer with a private bank said.

India's central bank raised its key lending rate for the first time in more than a year on Wednesday, and economists saw more policy tightening to come as a recent rise in state-set fuel prices threatened near double-digit inflation.

India's main stock index rebounded from an early slide to close 0.4 percent higher on Thursday, as some investors viewed concerns over the quarter-point rate hike as overdone, but analysts doubted the strength of the rally.

The benchmark index is down about a quarter in 2008, with foreign funds pulling out nearly $5.3 billion, weakening a key support for the rupee and pushing it down 8 percent this year. Oil was trading above $133 a barrel after having touched a record $139 last week.

India imports two-thirds of its oil needs and importers are the biggest buyers of dollars in the local currency market. Dealers said they expect the rupee to trade in a band of 42.70 to 42.90 on Friday, as fears the central bank will intervene to curb depreciation in the rupee if it falls below 42.90 levels continue to grip the market.

Sensex drops 177 points

The downward trend continued in the stock markets for the third day in a row on Tuesday with the Bombay Stock Exchange sensitive index closing below the 15000-level by losing nearly 177 points as selling pressure in heavyweight stocks, mainly in banking, realty and metal sectors, showed no signs of lessening.

The 30-share Sensex of the BSE ended at 11-week low of 14889.25, a fall from Monday’s close of 15066.10. The S&P CNX Nifty of the National Stock Exchange dipped by 51.15 points to end at 4,449.80. Marketmen said the bourses saw high level of volatility throughout the day on alternate bouts of buying and selling from domestic as well as foreign investors. The Sensex tumbled to the year’s lowest level of 14645.31 in afternoon trade, raising fears that the market might even come down to touch the 12000 level shortly amid concerns about further monetary policy tightening by the Reserve Bank of India in a bid to rein in inflation. The late recovery from the day’s low was attributed to fairly heavy buying by domestic institutional investors, who were believed to be engaged in salvage operations. Asian Indices ended down by 1.13 per cent to 4.21 per cent.

Rupee declines further


The rupee is fast approaching the crucial 43 level as the unit lost nine paise at 42.96/97 against the dollar on Tuesday with demand from oil companies for dollar continuing amid inadequate supply of the U.S. currency and sluggish equity markets.

At the interbank foreign exchange market, the rupee resumed on a promising note at Rs. 42.84/86 a dollar but later came under pressure and fell to 42.97 level as oil corporates stepped up dollar purchases. — PTI

Sensex dropped again

SENSEX 15185.32 296.07
NIFTY 4523.60 73.80
DJIA 12289.76 9.44
NASDAQ 2448.94 -10.52
RS/$ 42.96 -0.07

stock market updates

As Dlf Looks Over Sold Position Jump of 5% is possible so one can buy for a tgt of 505-510.

Exchange rate table-today

Currency	Symbol	Mid-rate
Australian Dollar	1 AUD	2,0804
Brazilian Real	1 BRL	1,3358
Bulgarian Lev	1 BGN	1,7328
Canadian Dollar	1 CAD	2,1335
Chinese Yuan Renminbi	1 CNY	0,3138
Croatian kuna	1 HRK	0,4675
Czech Koruna	1 CZK	0,1377
Danish Krone	1 DKK	0,4543
Estonian Kroon	1 EEK	0,2166
Euro	1 EUR	3,3890
Hong Kong Dollar	1 HKD	0,2782
Hungarian Forint	100 HUF	1,3821
Iceland Krona	100 ISK	2,8568
Indonesian Rupiah	10000 IDR	2,3301
Japanese Yen	100 JPY	2,0480
Latvian Lats	1 LVL	4,8304
Lithuanian Litas	1 LTL	0,9815
Malaysian Ringgit	1 MYR	0,6673
Mexican Peso	1 MXN	0,2110
New Zealand Dollar	1 NZD	1,6652
Norwegian Krone	1 NOK	0,4274
Philippine Peso	1 PHP	0,0493
Pound Sterling	1 GBP	4,2501
Romanian Leu	1 RON	0,9300
Russian Ruble	1 RUB	0,0917
Singapore Dollar	1 SGD	1,5894
Slovak Koruna	1 SKK	0,1116
South African Rand	1 ZAR	0,2773
South Korean Won	100 KRW	0,2122
Swedish Krona	1 SEK	0,3636
Swiss Franc	1 CHF	2,0895
Thai Baht	1 THB	0,0656
Turkish Lira	1 TRY	1,7501
Ukrainian Hryvnia	1 UAH	0,4579
US Dollar	1 USD	2,1727
SDR (IMF)	1 XDR	3,5476

NSE






BSE

SENSEX	15572.18	-197.54
NIFTY	4627.80	-49.15
DJIA	12209.81	-394.64
NASDAQ	2474.56	-75.38
RS/$	42.79	-0.07

Stock Market

SENSEX	15895.56	-167.62
NIFTY	4691.60	-48.00
DJIA	12503.82	-134.50
NASDAQ	2491.53	-31.13
RS/$	42.24	0.53

BSE






NSE

Sensex drops 352 points

Concern over imminent fuel price hike

MUMBAI: After a promising start, the stock markets witnessed a downtrend on Monday and the benchmark Sensex dropped by 352 points to close at 16063.18 on fears of an imminent hike in fuel prices.

The National Stock Exchange index Nifty also shed 130.50 points to close at 4739.60.

Aggressive selling

The markets opened strong with a gain of over 217 points and even hit the intra-day high of a high of 16632.72 but aggressive selling emerged following weak trends in European markets owing to fears of fallouts of high crude prices.

Marketmen said investors seem more concerned about the anticipated hike in fuel prices as it will have further adverse impact on inflation, which crossed the highest level in more than three-and-a-half years. Meanwhile, a decision on raising retail fuel prices was delayed further with a consensus on price hike eluding the government even as losses of state-run oil companies widened to Rs. 650 crore a day in the light of sky-high global crude prices.

European markets were trading substantially lower in their early trade while Asian indices closed with moderate to smart gains on Monday.

Realty shares hit

Analysts attributed the initial surge by 217 points to better-than-estimated GDP growth of 9 per cent in 2007-08.

Realty, PSU, metal, power and bank shares were hit hard.

Auto stocks bucked the trend on some buying support prompted by a decent rise in monthly sales.

Public sector NTPC with a loss of 6.39 per cent topped the list of index-related losers, followed by ACC at 5.23 per cent and Hindalco 5.05 per cent.

Among the gainers, Maruti Suzuki which ended 2.85 per cent higher was the star performer. Hero Honda gained 5.6 per cent and Bajaj Auto 1.52 per cent.

The market breadth was extremely negative with 2,066 losers against 600 gainers on the BSE. The trading volume was relatively low at Rs. 4,809.14 crore.

The broader BSE-100 index tumbled by 194.65 points to 8488.62 from its previous close of 8683.27. — PTI