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Friday, January 22, 2010

LIC buys 2% in Essar Oil for Rs 309 cr

State-run life insurer LIC has acquired nearly two per cent stake in Essar Oil for Rs 309.4 crore through open market transactions today.

Life Insurance Corporation (LIC) has bought 2.21 crore representing 1.83 per cent stake in Essar Oil shares at the rate of Rs 140 a piece through a block deal on the National Stock Exchange, sources said.

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Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Friday, Jun 13
18:00 Manufacturing Sales (MoM) 1 -2.8% -2.0% -1.4%
19:30 Michigan Consumer Expectations Index 2 58.4 47.9
19:30 UoM 1-year Consumer Inflation Expectations 2 5.1% 6.6%
19:30 Michigan Consumer Sentiment Index 3 60.5 53.5 52.2
19:30 UoM 5-year Consumer Inflation Expectation 2 4.1% 4.2%
22:30 Baker Hughes US Oil Rig Count 1 442
Saturday, Jun 14
01:00 CFTC Gold NC Net Positions 1 $187.9K
01:00 CFTC Oil NC Net Positions 1 168K
01:00 CFTC GBP NC Net Positions 1 £35.2K
01:00 CFTC AUD NC Net Positions 1 $-63.2K
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