Indian Stocks On 8th Mar 2013:
GLOBAL MARKETS:
* Nifty futures on the Exchange of Singapore gains 0.02%.The MSCI-Asia Pacific index,excluding Japan was up 0.29 %.*In United State stock supported Asian shares on Friday 7th Mar 2013 but prices were covered ahead of key United State jobs and Chinese trade figures due later in the session,while the dollar waited near a three and half year high against the yen.
Watch these India's Stocks FACTORS :
* Finance Minister to address boards of RBI and SEBI* India's Chief Economic Advisor Raghuram Rajan and Chairman of the Prime Minister's Economic Advisory Council C Rangarajan will address an industry meeting.
* The Indian government will sell a 12.5 % share in Rashtriya Chemicals and Fertilizers Ltd. through sale of shares to raise about 57 million dollar.
* India-foreign reserves bank lending data.
COMMODITIES INDIA:
* Petroleum minister M Veerappa Moily said that he long-drawn legal battle between the Comptroller &Auditor General and Reliance Industries Ltd. overthe analysis of the financial and physical performance of the
company's KG-D6 gas block has been resolved.
* India may avoid a drought for a fourth straight year as the El Nino weather system looks unlikely to impact monsoon rains a leading forecaster said on 6th Mar.
* A unit of Coal India Ltd has revived a proposal to set up a 1600 megawatt power plant in India's eastern Odisha state at a cost of 90 billion rupees.Marking the world's largest coal miner's foray into the power sector.
* Tata Steel Ltd will seek to form a group to finance construction of a railway line from its iron concessions in western Ivory Coast to the port of San Pedro.
* Jindal Steel & Power Ltd has extended its offer period for its proposed takeover bid of Gujarat NRE Coking Coal Ltd from March 15 to March 29.
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