Saturday, June 12, 2010


Gold price expected to decline with 20 %

The GOLD PRICE which touches 19220 and made new hike on friday could decline if there would be any improvement in europe crises. But the other matels will remain high .

RUPEE took mild gain against doler in domestic stock market. Traders were awating for europe to open for more cues.

On friday NIFTY< closed on 5119.35 which was 40.75 points pluse.
Sensex closed at 17064.95 which was 142.87 points pluse. So if we talk about overall market it was good though sesa goa and bombay oxigen , han sang ETF , Dr. Reddy's lab din't perform well .But RIL, Wheel & Axle,Vijay Solvex and dalal street INV were good.

And if we talk about NIFTY 50 than it was a mix kind of day for it ABB, BHEL, Cipla performs good while ACC, Ambhuja Cement, Axis bank, DLF lead the investors down.

RIL going to enter in telcom....

On friday infotel broadband services emgered as the sole winner of broadband spectrum in all 22 zones in india in an auction held on friday.And within an hour mukesh ambani announces that relience industry is going to buy infotel broadband services for 4800 crores .

The equisition of 95 % stack, Through fresh equity infusion, Values mahendra nahata group's infotel at over Rs. 5000 crores, follow a truce arrived at between ambani brothers on may 23.

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