Derivative Call :-
Sell Tata Steel June 420CE at Rs.8.50 And Sell Tata Steel June 420PE at Rs.4.30 Approx margin Rs.60000.
News Updates:
- Steel prices are likely to go up 5.7% in FY13
- JetAirways has got government clearance to scale down its flights to the northeastern region by about half to stem the losses.
- CoalIndia has hiked prices by an average of 10-15% for noncoking coal mined from selected blocks in Western Coalfields.
- BhartiAirtel will invest $25 million for development of 3G network and introduction of #Airtel Money services in Malawi.
- ONGC is mulling listing its overseas investment arm OVL next year to raise funds for aggressive foreign acquisitions.
- NHPC is yet to receive dues of over Rs10 bn from various power distribution companies.
