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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 26
21:00 4-Week Bill Auction 1 4.00% 4.06%
22:30 7-Year Note Auction 1 4.022% 4.194%
22:45 Fed's Barr speech 2
Friday, Jun 27
03:30 ANZ – Roy Morgan Consumer Confidence 2 98.8 92.9
04:30 Fed's Kashkari speech 2
17:00 Fed's Williams speech 2
18:00 Personal Spending 2 0.1% 0.2%
18:00 Personal Consumption Expenditures - Price Index (MoM) 2 0.1% 0.1%
18:00 Core Personal Consumption Expenditures - Price Index (MoM) 3 0.1% 0.1%
18:00 Personal Income (MoM) 2 0.3% 0.8%
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