Posco, the third-largest shareholder in Macarthur Coal Ltd.

Emerging-market bond funds received an unprecedented $1.8 billion in the past week, lifting 2010 inflows to a record, on speculation central banks will raise interest rates, according to EPFR Global. Posco, the third-largest shareholder in Macarthur Coal Ltd., said it supported Peabody Energy Corp.’s revised A$4.1 billion ($3.8 billion) cash offer for the Australian producer in the absence of a higher bid.
Malaysia’s Senai-Desaru Expressway Bhd. plans to restructure 1.46 billion ringgit ($456 million) of Shariah-compliant bonds to avoid becoming the country’s biggest Islamic-debt defaulter in more than two years. Google posted quarterly sales and profit that trumped Wall Street expectations on Thursday, boosted by a rebounding advertising market. The search giant's net income was $1.96 billion, or $6.06 per share, in the first quarter, up 38% from $1.42 billion from the same period last year. The yen and the dollar strengthened as prospects Greece will struggle to rein in the euro region’s widest budget deficit spurred demand for safer assets. Blackstone Group LP and other private-equity firms are accelerating sales of junk bonds and leveraged loans to pay themselves dividends in a sign the market for the riskiest debt may be overheating. Inflation touched a 17-month high of 9.9% in March spurred by an all-round increase in prices, mounting pressure on the central bank to raise key policy rates in the monetary policy review next week. Domestic air traffic was up 21.8 per cent in March 2010 on a y-o-y basis. For the fourth time in two months, state-owned oil retailers have raised ATF prices, this time by 3.2 per cent, in step with rise in global oil rates. Tata Motors sold 101,712 vehicles globally in March 2010, registering a growth of 39 percent over the corresponding month last year. GMR Infrastructure has initiated the sale of shares to overseas institutional buyers to raise up to USD 250 million (about Rs 1,100 crore). Viceroy Hotels has said that JP Morgan India Property Mauritius Company will pick up a 49 per cent stake in its Bangalore-based subsidiary for Rs 74 crore. Nitin Fire Protection Industries Ltd has raised its stake by 9 per cent in Dubai-based New Age Company to 49 per cent. Dewan Housing Finance (DHFL) plans to raise up to Rs 5,000 crore in the current fiscal to support its expansion plans besides meeting the capital adequacy needs. Castrol India’s net profit rose by 53.60 per cent to Rs 117.2 crore for the quarter ended March 31. Mangalore Refinery and Petrochemicals Ltd (MRPL) will double offtake of crude oil from Cairn India's Rajasthan fields to 0.4 million tons this fiscal. Videocon Group is keen to set up a 1,000 MW thermal power project in Punjab with an investment of Rs 5,000 crore. SAIL is in talks with South Korean steel major Posco and Japan's Kobe Steel for technology tie-ups to jointly set up steel plants.
Promoters of MCX Stock Exchange have sold part of their holdings and reduced the capital of the bourse to fall in lines with Sebi rules and pave the way for the launch of its stock trading platform. Japan’s JFE is in advanced talks to buy a small stake in JSW Steel. Triveni Engineering has decided to shut its loss making rural retail business. Nifty April contracts ends the Day down by 52.30 points at a premium of 3.70 points in April contracts and adding OI by 0.8%. Nifty VIX at 21.58% compared to 20.14% previous Day. Nifty OI PCR at 1.228 compared to 1.277 the previous day. Nifty active puts sees addition of 0.94 Lakhs and calls sees addition of 21.58 Lakhs over the Day. Highest OI in Nifty calls seen at 5200 April strike and puts at 5400 April strike. Long build up during the day seen in UNITECH, PIRHEALTH, TITAN & CUMMINSIND etc over the day. Short build up was seen in LICHSGFIN, MCDOWELL-N, CANBK, CROMPGREAV, VOLTAS, INDIAINFO, YESBANK, ICICIBANK, HCC, FORTIS, PETRONET, ABIRLANUVO, EKC & RELIANCE etc over the day. Long unwinding and short build up seen from FII side during the day. Marginal short build up seen in stock futures from FII side. Nifty options was seen to be bought from the FII side.