RNRL Result

Reliance Natural Resources Ltd has announced the following Audited results for the year ended March 31, 2008:

The Company has posted a net profit of Rs 685.987 million for the year ended March 31, 2008 as compared to Rs 288.685 million for the year ended March 31, 2007. Total Income has increased from Rs 2430.784 million for the year ended March 31, 2007 to Rs 3673.065 million for the year ended March 31, 2008.

IDFC Result

Infrastructure Development Finance Company Ltd (IDFC) has announced the following results for the quarter & year ended March 31, 2008:

The Unaudited results for the Quarter ended March 31, 2008

The Bank has posted a net profit of Rs 1232.50 million for the quarter ended March 31, 2008 as compared to Rs 850.90 million for the quarter ended March 31, 2007. Total Income has increased from Rs 4103.80 million for the quarter ended March 31, 2007 to Rs 6822.70 million for the quarter ended March 31, 2008
Trend Stocks: Infrastructure Development Finance Company Ltd (IDFC) has informed BSE that the Board of Directors of the Company at its meeting held on April 28, 2008, inter alia, has proposed a dividend @ 12%, subject to the approval of members at the ensuing Annual General Meeting.

Price Of Commodity

LME METAL STOCKS:
COPPER DOWN - 450
ZINC -225
NICKEL -168
ALUMINIUM -950
LEAD +1000
TIN -35

FOMC meet on 29th April

Very important day for market, the FOMC meet on 29th April coupled with the RBI Credit policy. And the same day we will also have GDP numbers coming out from USA. On friday we will have april jobs report. Coupled with the Indian stock markets we will have an exciting weak going ahead

UK's housing sector

UK's housing sector susceptible to quite a deep correction -U.K. house prices could fall 10% this year and 15% in 2009 if the credit crunch persists, although action by lenders to increase loan availability could limit the slide to 6% over the two years, The Times reports, citing a report from estate agent Savills.

Market Outlook

Us market were mixed and Asian markets are currently trading marginally positive.We have RBI policy meeting scheduled tomm, so we would advice all of you to remain light and can convert positions in calls or puts.

Crude Oil News

Europe's second-biggest oil producer, will close the North Sea Forties Pipeline System today because of a strike at a refinery in Scotland, cutting U.K. oil production by 40 percent.