The "BSE Sensex" obtained more than 100 points in early trade on Wednesday following positive Asian cues. Bank, technology, power, capital products and steel shares shifted up. Worldwide all markets seemed careful ahead of critical European Union summit that planned for May 28-29 in Brussels.

The BSE benchmark increased 109.43 points to 17,015.02 and the NSE benchmark went up 36.3 points to 5,157.20.

Asian markets shifted back again following good US cues. Hangg Seng increased 1% while Straits Times and Taiwan weighted went up 0.73% each. Shanghai was up 0.3% whereas Kospi dropped 0.26%.

Other stocks and sectors in the news –

RIL wants a triple price for the KG D6 gas it produces from April 1, 2013

Petronet LNG to operate its 5 million tonne Kochi terminal at 20% of capacity due to delay in commissioning of pipeline – BS

Lessors have taken back 34 aircrafts of Kingfisher as it has failed to pay Rs 1000 crore lease rentals: BS

L&T Finance mulls to issue secured, redeemable, NCDs worth Rs 200 crore.

RBI is likely to impose curbs on gold coin sale by banks.

Stocks in News ----

The prime minister's office (PMO) has once again stepped in to resolve the pending issue of fuel supply pacts between power companies and Coal India . Sources indicate that the PMO accepted trigger levels of 65% on FSA versus 80% earlier and asked for removal of the three-year moratorium on FSAs. The PMO is in favour of the pre-2009 level of penalty.

Suzlon provides its Chinese suppliers device for Rs 341 crore.

LIC has increased its share in Cairn Indian to 5.02% from 4.97% on May 19.


Coal India hikes prices in select Western blocks by 10-15%, reports the PTI.

Bankers have agreed to give HCC an additional loan of Rs 1500 crore if promoters infuse Rs 302 crore, reports the Economic Times.

ONGC is mulling to list ONGC Videsh Ltd next year to raise funds for acquisitions, reports the Financial Express.

The Andhra Pradesh High Court has issued an interim order suspending the DRDA’s notice to cancel SKS Microfinance ’s registration in Mahabunagar district, reports the Business Standard.

GVK has launched legal proceedings against KFA for dishonored cheques, reports the Economic Times.

Jet Airways has sought government approval to reduce flights to the North East by half, to cut losses, reports the Business Standard.

MahaGenco has taken Coal India’s arm to the competition tribunal, reports the Business Standard.

Tata Communications is eyeing deals in the UK and US, reports the Financial Express.

Maruti has started trial runs of a new 800cc car, reports the Mint.

The government revives plans to convert Rs 522 crore IFCI debt into equity.

The BSE  Sensex and NSE Nifty cut failures quite dramatically as both standards were slightly reduced in mid-day business, outperforming international colleagues. France's CAC, Germany's DAX and The united kingdom's FTSE were down 1% each.

The BSE benchmark moved the 17,100 stage that was down 36.02 points to 16,995.51 after displaying restoration of more than 180 factors from daily low. Meanwhile, the NSE benchmark dropped 11.2 factors to 5,152.71.

However, the Indian rupee ongoing to shift around 57.30 as against the US dollar, a devaluation of 90 paise over past close.

Private industry lenders HDFC Bank and ICICI Bank obtained 0.2% each while their competing State Financial institution of Indian was flat.

Among autom stock, Maruti Suzuki, Hero Motocorp, Bajaj Auto and Mahindra & Mahindra rallied 0.6-1.4% whereas Tata Motors converted flat.

The rupee hit a history low against the money for a second successive period on Friday and published its toughest every week drop in nine several weeks, harm by money need from oil companies and silver importers as well the wide risk-off sentiment.

Investors said the Source Bank of Indian walked in to brace up the forex and avoid a much crisper fall, calculating money sales of USD 251-300 thousand, a little bit larger than its estimated treatment on Thursday.

BSE index : -  Sell on higher levels considering 16791 & 16837 strong resistances maintaining stop-loss of 16920. Down side it'll fall down further to 16640 & 16601 originally where purchasing assistance will be seen, keep stop-loss of 16547 to your purchases.
In toughest situation crack below 16548 it'll intensely accident down to 16401 & 16293.

The start of the new week seems horrible for the market, with both the Nifty and the Sensex plunging 1 percent in opening trade. While the Sensex is down 160 points to trade below 16000 levels,

The Indian Economy will develop by 6.9% in this financial year (2012-13) despite problems like policy concerns, financial lack and blowing up, the World Bank estimated on Tuesday, while cautioning that third world countries will have to face difficult times.

" India will see development (measured at aspect cost) improving to 6.9%, 7.2% and 7.4% in financial decades 2012-13, 2013-14 and 2014-15, respectively," the World Band said in the review called 'Global Financial Prospects'.

Last night, the Sensex shut at 16,648.07, up 193.71points. The Nifty shifted up 51.51 points and finished at 5,048.63.

BSE index: - Buy or stay lengthy considering 16610 a essential assistance maintaining stop-loss of 16508. Upwards part it'll spurt up further to 16759-16803 originally which is a essential level of capacity observe out for where revenue arranging will be seen. Cross-over above 16803 only it'll spurt up further to 16902.

International markets clocked in minimal profits in slim trading last night following a better-than-expected service sector report. However, the continuous concern in the euro zone kept traders on edge.

The Dow, Nasdaq and S&P500 finished their five-day dropping streak to end slightly in the green, up around 0.3-0.5%.

The start of the new week seems horrible for the market, with both the Nifty and the Sensex plunging 1 percent in opening trade. While the Sensex is down 160 points to trade below 16000 levels, the Nifty is well below its psychological levels of 4810 in early trade at 4787 levels as concerns about the US economy and slowdown in China add to ongoing problems in Europe. Domestic problems have only got compounded with the dismal GDP report.

It was a flat begin for the Indian market at the begin of the new sequence. Asian indices were trading poor. Automobiles and cement stocks will be in focus as companies from these two areas will begin introduction per month product sales data for May 2012 from today.