Thursday, June 18, 2009

Market Report 18th June 2009

Mkts crack in second-half of trade, close near day's low ,falls 435 pts .

FIIs dump depository receipts on concerns of overvaluation.
US markets end flat; Indian ADRs tumble.
Major US banks pay back emergency government loans.
JPMorgan Chase repays US 25 billion dollars.
US firm files patent infringement case against Ranbaxy.
Asian markets open mixed; Nikkei slips 2%.
Crude oil likely to get duty recall.
SBI emerges top tax payer, pips ONGC.
Dollar replacement complex issue: PM.
Rupee seen rising from 1-mth lows, stocks key.
Govt directs RIL to hike K-G gas supply to nine power companies.
LN Mittal backed Bathinda refinery IPO In pipeline.
All's not lost for RIL on K-G basin gas.
Sale of natural gas from the Krishna-Godavari (K-G) basin reserves at $2.34 per million British thermal unit (mBtu) would still allow RIL to make a profit margin of over 60 per cent. While RIL has pegged the cost of production of gas at $0.8945 (Rs 42) per mBtu, the company would be selling the gas to Reliance Natural Resources Ltd (RNRL) at a profit of $1.44 (Rs 68).
Govt may sell 10% in CIL.
STPI-Berhampur fails to attract IT majors.
Fiat India may enter 600cc car segment.
Tata Comm may sell stake in internet arm.
Fare hike inevitable if crude continues to boil: Air India.
Godrej Consumer to renew focus on hair colours for growth.
Infosys bags $10 mn Microsoft deal.
Mahindra Holidays to list on mkts in June.
Cement players against excise restoration.
Pepper exports dip 28% on low demand from US.
Finmin against IDBI Bank variable pay move.
Singapore Nifty is seen Trading flat at 4340.