European governments offered debt-

European governments offered debt- plagued Greece a rescue package worth as much as 45 billion euros ($61 billion) at below-market interest rates in a bid to stem its fiscal crisis and restore confidence in the euro. China’s trade deficit is likely to be only temporary and surging import costs may fuel inflation, bolstering the case for a stronger yuan. A surplus may return this month, according to the government and analysts from Bank of America-Merrill Lynch and ANZ Banking Group Ltd. The cost of protecting Asia-Pacific corporate and sovereign bonds from default fell as a proposed rescue package for Greece helped calm investors, boosting risk appetite, according to traders of credit-default swaps. South Korea’s economy will expand this year at the fastest pace since 2006, and probably grew 1.6 percent in the first quarter, as the global recovery spurs demand for the nation’s products. The luxury Peninsula hotel chain plans to open properties in China and India, where expanding economies and rising consumer wealth promise demand for high-end lodging, said Clement Kwok, chief executive officer of owner Hongkong & Shanghai Hotels Ltd. Tenaga Nasional Bhd., Malaysia’s biggest power producer, rose to its highest level in almost two years after JPMorgan Chase & Co. increased its earnings and share price estimates on a strengthening ringgit and economy. China is softening its recent muscular global posture, muting criticisms of the U.S. at a time of delicate negotiations with Washington and simmering economic troubles at home. Energy providers Mirant Corp. and RRI Energy Inc. said that they are combining in a $1.61 billion stock-swap deal, renaming the company and creating a utility powerhouse that will become one of the nation's largest independent power producers. The combined company, which will have a market capitalization of about $3.1 billion, will be called GenOn Energy. It will bring together roughly 24,650 megawatts of electric generating capacity, operations from coast to coast and have total revenue of $4.13 billion, based on full-year 2009 figures. The Government is looking at disinvestment in public sector undertakings across the services sector. The Finance Ministry has identified 28 different PSUs for public issue. J P Morgan expects FY’11 inflows in debt and equity to be the highest. Government may have to step in to settle the issue between SEBI and IRDA. Banks are exploring options to lend below the base rate. RIL has bought 21% of US-based Atlas Energy’s Shale gas holdings and 40% of north-eastern gas field. Tata Steel and NMDC will team up to develop the latter’s two steel projects in Karnataka and Chhattisgarh. Tata Motor is planning to sell part of its shareholding in Tata Cummins, a JV with Cummins. SEBI has approved IPO of Glenmark’s generic arm. NHPC is seeking approval for 10,000MW projects. Spicejet has rejected ADAG offer of Rs.40-45 per share. Nifty April contracts ends the Week up by 58.10 points at a premium of 3.15 points in April contracts and adding OI by 0.7%. Nifty VIX at 18.44% compared to 17.62% previous Week. Nifty OI PCR at 1.394 compared to 1.194 the previous week. Nifty active puts sees addition of 1.58 Cr and calls sees addition of 51.89 Lakhs over the Week. Highest OI in Nifty calls seen at 5400 April strike and puts at 5200 April strike. Long build up during the week seen in PETRONET, TATATEA, GVKPIL, VOLTAS, MRPL, GSPL, LICHSGFIN & STER etc over the week. Short build up was seen in TRIVENI, SESAGOA, DRREDDY, RENUKA, BHARTIARTL etc over the week. Short covering and long build up seen from FII side during the week in Nifty futures Short build up seen in Stock futures from the FII side. Good addition in Nifty options seen during the day from the FII side.