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Nifty expected to lose its support of 5,200
The benchmark indices rose for the second straight day today with S&P CNX Nifty closing at a 22-month high of 5,278. Nifty January futures closed at a premium to the spot and added 1.05 million shares in open interest through buy-side trades, indicating fresh long build-up. However, the Nifty remained range-bound after opening at higher levels.

Cuba, Finland, Thailand join list of nations with swine flu
The World Health Organisation (WHO) has said that 33 countries have reported 5,728 laboratory confirmed cases of swine flu with Cuba, Finland and Thailand the latest to join the list.

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Coal and Oil Group to invest $300 mn to buy ships and acquire coal mine
Coal & Oil Group is planning to invest around $300 million (around Rs 1,500 crore) to buy new ships and to acquire coal mines. The company is planning to invest the money to support its customer coal requirements in India and to meet its captive requirement for the upcoming project Rs 4,300 crore power at Tuticorin.
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Tata Steel sales up 38% in Oct

Tata Steel, the world’s sixth largest steelmaker, said on Friday steel sales at its Indian operations jumped 38 per cent in October to 462,000 tonnes, compared to same period last year. The Indian operations contribute about a quarter of the group’s total annual global capacity of 30 million tonne, which includes Corus, Europe’s second-largest steel maker. Saleable steel production in October rose by 27 per cent from a year earlier to 570,000 tonne and crude steel production gained 22 per cent to 599,000 tonne, the company said.


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