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Tuesday, November 3, 2009

Reliance Natural jumps

Shares in Reliance Industries, India's most valuable listed firm, fell more than 4 percent on Tuesday while shares in Reliance Natural Resources rose more than 14 percent.A dispute between the two firms over the terms of a deal for Reliance Industries, controlled by Mukesh Ambani, to sell gas to Reliance Natural, run by Ambani's estranged younger brother Anil, is before the Supreme Court. The hearing of the case resumes on Wednesday after a break since last week.
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Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Thursday, Jun 12
18:00 Producer Price Index ex Food & Energy (MoM) 2 0.1% 0.3% -0.2% Revised from -0.4%
18:00 Producer Price Index (MoM) 2 0.1% 0.2% -0.2% Revised from -0.5%
20:00 EIA Natural Gas Storage Change 1 109B 108B 122B
21:00 4-Week Bill Auction 1 4.08% 4.17%
21:30 USDA WASDE Report 1
22:30 30-Year Bond Auction 1 4.819%
Friday, Jun 13
04:00 Business NZ PMI 2 53.9
14:00 Consumer Inflation Expectations 2 3.4%
18:00 Manufacturing Sales (MoM) 1 -2.0% -1.4%
18:00 Capacity Utilization 1 79.8% 79.8%
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