INDIA STOCK MARKET FUTURES CRUCIAL LEVEL FOR 25TH JUNE

NIFTY CRUCIAL 5325.45
ABOVE 5357.62,5389.78,5421.95
BELOW 5293.28,5261.12,5228.95

TATA STEEL CRUCIAL 495.70
ABOVE 502.08,508.47,514.85
BELOW 489.32,482.93,476.55

RELIANCE CRUCIAL 1063.65
ABOVE 1071.06,1078.1085
BELOW 1056,1048,1041

TATA MOTORS CRUCIAL 792
ABOVE 801,811,821
BELOW 782,772,762

ICICI BANK CRUCIAL 889
ABOVE 898,907,916
BELOW 880,871,832

SBIN CRUCIAL 2358
ABOVE 2375,2393,2410
BELOW 2340,2323,2305

LT CRUCIAL 1790
ABOVE 1807,1824,1841
BELOW 1773,1756,1739

IDBI CRUCIAL 118.58
ABOVE 119.68,120.79,121.90
BELOW 117.47,116.36,115.25

DLF CRUCIAL 289
ABOVE 293,296,299
BELOW 286,283,279

HDIL CRUCIAL 251
ABOVE 255,259,263
BELOW 247,244,240

BHARATI AIRTEL CRUCIAL 264
ABOVE 267,270,273
BELOW 261,258,255

RCOM CRUCIAL 186
ABOVE 190,193,196
BELOW 183,180,176

MINI NIFTY CRUCIAL 5325.50
ABOVE 5357,5389,5421.
BELOW 5293,5261,5229

SESA GOA CRUCIAL 379.50
ABOVE 386.56,393.63,400.69
BELOW 372.44,365.37,358.31

indian stock market futures crucial level for june 24th june

NIFTY CRUCIAL 5320.05

ABOVE 5353.39,5386.72,5420.06

BELOW 5286.72,5253.38,5220.05

TATA STEEL CRUCIAL 497.03

ABOVE 503.69,510.35,517.02

BELOW 490.36,483.70,477.03

RELIANCE CRUCIAL 1063.28

ABOVE 1071.99,1080.70,1089.41

BELOW 1054.56,1045.85,1037.14

TATA MOTORS CRUCIAL 797.25

ABOVE 807.39,817.52,827.66

BELOW 787.11,776.98,766.84

ICICI BANK CRUCIAL 894.08

ABOVE 903.48,912.89,922.29

BELOW 884.67,875.26,865.86

SBIN CRUCIAL 2347.50

ABOVE 2365.63,2383.76,2401.89

BELOW 2329.37,2311.24,2293.11

LT CRUCIAL 1787.40

ABOVE 1804.36,1821.31,1838.27

BELOW 1770.44,1753.49,1736.53

IDBI CRUICIAL 118.58

ABOVE 119.72,120.86,122.01

BELOW 117.43,116.29,115.14

DLF CRUCIAL 288.43

ABOVE 291.89,295.36,298.82

BELOW 284.96,281.49,278.03

HDIL CRUCIAL 249.75

ABOVE 253.62,257.48,261.35

BELOW 245.88,242.02,238.14

BHARATI AIRTEL CRUCIAL 263.98

ABOVE 267.12,270.26,273.40

BELOW 260.83,257.69,254.55

RCOM CRUCIAL 188.05

ABOVE 191.45,194.86,198.26

BELOW 184.65,181.24,177.84

MINI NIFTY CRUCIAL 5318.90

ABOVE 5352.24,5385.58,548.92

BELOW 5285.56,5252.22,5218.88

SESA GOA CRUCIAL 372.38

ABOVE 379.56,386.75,393.93,

BELOW 365.19,358,350.82

tarde safe

SEBI to abide by newly changed govt. norms' in ULIP controversy

Mumbai, June 23 (ANI): Chairman of the Securities and Exchange Board of India (SEBI) Chandrashekhar Bhaskar Bhave has said that they would abide by the newly changed government norms in the Unit Linked Insurance Plans (ULIPs) controversy.

Speaking at the Confederation of Indian Industries Mutual Fund Summit here on Wednesday Bhave sought to clear the air on the Unit Linked Insurance Plans or Products (ULIPs).

In a statement released over the weekend, the government of India had modified the definition of ULIPs as being part of a mutual fund or security scheme, and classified it under the 'Life Insurance Business', thereby bringing it under the overview of the IRDA (Insurance Regulatory and Development Authority).

Rubbishing reports of a proxy 'war' between the government and SEBI over the ULIPs case, Bhave said that the regulatory body would abide by the newly changed laws related to the case.

"The first thing is that the media description of a 'war' is something I don't agree with. Another thing is that we all operate under law, as it exists. Since the law has changed now, we will operate under that now," said Bhave.

Bringing further relief to investors, Bhave promised that the banned and tainted stockbroker, Ketan Parekh, was under the SEBI scanner and that all his actions were under surveillance.

"See, we do not discuss individual cases. Things are only put in the public domain once the investigation is over. However, let me assure you that the case is under the surveillance of the SEBI and that the culprit is under our scanner," added Bhave.

Meanwhile, highlighting the need of the government to examine the role of the Association of Mutual Funds in India (AMFI) and SEBI, Bhave proposed that AMFI must explore a self-regulatory role for the mutual fund industry by giving a policy paper on mutual funds to the SEBI and the government.

He added that the mutual fund industry needed to streamline its product offerings and come up with proposals for a common policy on how to govern the industry.

SEBI banned entry fee charged by mutual funds from last August, limiting their ability to pay distributors and raise assets.

The mutual funds industry currently gets 74 percent of its business from the top ten cities in India. (ANI)

Inflation spreading, RBI may hike rates "any time" - official

NEW DELHI (Reuters) - Inflation in India is spreading and the Reserve Bank of India (RBI) could raise interest rates before its scheduled policy review late next month to tame high prices, a top government official said on Wednesday.

The central government's chief statistician Pronab Sen said core inflation "is now starting to get worrying," with price pressures becoming more pervasive.

"We are seeing it (inflation) happen in non-agricultural products. That is one area of worry that has to be tackled," he told reporters.

When asked whether the Reserve Bank of India could opt for a rate hike before its July 27 review, Sen said the Reserve Bank could raise rates "any time."

Speculation that the RBI would raise policy rates before its July review have been mounting after headline inflation rose to a higher-than-expected 10.16 percent in May, the highest rate in the G20 group of leading economies.

Markets are divided over whether the central bank will move ahead of the review although most analysts surveyed by Reuters expect the RBI to wait until July 27 due to liquidity concerns.

The RBI has raised policy rates twice this year by a total of 50 basis points in March and April. Analysts in the Reuters poll expect the central bank to raise them by another 50 basis points by the end of the year.

The repo rate, at which it lends to banks, now stands at 5.25 percent and reverse repo rate, at which it absorbs excess cash from the banking system, is at 3.75 percent.

Reuters Insider interview with Finance Minister Mukherjee, click http://link.reuters.com/xyt53m

JUNE INFLATION SEEN BELOW 10 PCT

Sen, who is scheduled to soon join the government's influential planning body as an adviser, said headline inflation could dip below 10 percent in June because of a weakening base effect.

Markets showed little reaction to his remarks on Wednesday.

"There was no reaction, the market is probably getting used to too much of statements these days," said a trader in Mumbai.

Finance Minister Pranab Mukherjee told Reuters Television in Washington on Tuesday he was concerned about double digit inflation but believes it can be tamed by a strong harvest and increased output of key food items.

Policymakers have consistently missed their own predictions on headline inflation. The Reserve Bank had predicted 8.5 percent inflation for March, which then turned out to be more than 11 percent.

High prices have emerged as a policy headache for Prime Minister Manmohan Singh's government in a country with hundreds of millions of poor, and may have dampened a drive for economic reforms such as hiking retail fuel prices.

Mukherjee told Reuters Television the central bank was prepared to act to control inflation "as and when considered necessary."

He added that headline inflation can fall to a rate of about 4.5 to 5 percent by the end of the current fiscal year in March 2011 on increased food supplies such as sugar and oilseeds after monsoon rains.