China in green slightly.

BSEup 73 points to 14504

INDICES Points +-Pt +-%
SENSEX é 14,504.57 73.51 0.51
MIDCAP é 6,458.00 33.19 0.52
SMLCAP é 7,662.10 48.26 0.63
BSE-100 é 7,520.49 36.31 0.49
BSE-200 é 1,783.94 8.24 0.46
BSE-500 é 5,716.50 25.17 0.44


Europe up. HK up, Nikkei up.

Yesterday TSX up.

STATISTICS [more in STATISTICS]
Shanghai Composite Falls Below 3900

NPC, National People's Congress, PBC, People's Bank of China, State Council, finance, macro
Posted by: Hattie Lee on Jun 29, 2007 | 18:06
Editorial Summary
The Shanghai Composite Index dropped 2.39 percent to close at 3820.7 on Friday, June 29, while the Shenzhen Composite Index fell 3.21 percent to close at 1077.92. Trading volume on the Shanghai and Shenzhen Stock Exchanges reached 104.7 billion Yuan and 59.4 billion Yuan respectively on Friday.

The market is still reeling from news on Thursday that China's Ministry of Finance plans to issue 1.55 trillion Yuan in debt and that index futures will soon be available to Chinese investors.

China's National People's Congress (NPC) approved a motion that will allow the State Council to reduce or cancel the tax on interest earned on bank deposits on June 29, reports Chinanews.com.cn. China began charging a 20 percent tax on interest earned on bank deposits in October 1999. People's Bank of China (PBC) forecasts that China will record a 3.2 percent increase in consumer price index (CPI) for 2007 according to an official report released on June 29.


--------------------------------------------------------------------------------

http://www.pacificepoch.com/newsstories/100681_0_5_0_M/

Hk down. Nikkei up. Europe down.

BSE up 145 points to 14650

INDICES Points +-Pt +-%
SENSEX é 14,650.51 145.94 1.01
MIDCAP é 6,527.03 69.03 1.07
SMLCAP é 7,730.40 68.30 0.89
BSE-100 é 7,605.37 84.88 1.13
BSE-200 é 1,804.81 20.87 1.17
BSE-500 é 5,781.37 64.87 1.13


Brent at 73. Cand at 95 cents to USD.

BSE


MUMBAI: Indian shares hit a new record high on gains in automobile companies, but the market ended broadly flat with profit-taking in blue chip stocks such as Reliance Industries and Oil & Natural Gas Corp. or ONGC. The Bombay Stock Exchange's 30-share Sensex index gained 14 points, or 0.1 percent, to end at a record close of 14,664.26 points.

INDICES Points +-Pt +-%
SENSEX é 14,664.26 13.75 0.09
MIDCAP é 6,591.35 64.32 0.99
SMLCAP é 7,783.26 52.86 0.68
BSE-100 é 7,625.71 20.34 0.27
BSE-200 é 1,810.32 5.51 0.31
BSE-500 é 5,801.90 20.53 0.36



The benchmark Shanghai Composite Index gained 0.4 percent to 3,836.29 in volatile trading. It fell 2.5 percent early in the afternoon on liquidity concerns over plans for a massive government bond issue, but later rebounded

http://www.iht.com/articles/ap/2007/07/02/business/AS-FIN-MKT-Asian-Markets.php

So good to see BSE hitting new highs!

Europe down. Dow up.

The Chindia International News will return after this small Local News sponspored by your own SNS.

http://www.thestar.com/News/article/231591

-----------------------------------------------------------------
Speech by Thomas Friedman of The New York Times....

"When we were young kids growing up in America, we were told to eat our
vegetables at dinner and not leave them. Mothers said, 'think of the
starving children in India and finish the dinner.' And now I tell my
children: 'Finish your maths homework. Think of the children in India
who would make you starve, if you don't.'"

BSE hits new high

BSE up 73 points to 14880

INDICES Points +-Pt +-%
SENSEX é 14,880.24 73.73 0.50
MIDCAP ê 6,645.65 -3.35 -0.05
SMLCAP é 7,855.66 9.53 0.12
BSE-100 é 7,717.00 19.88 0.26
BSE-200 é 1,832.05 4.28 0.23
BSE-500 é 5,869.54 12.03 0.21


It's all the run up to great listing of DLF tomorrow.

Chinese stocks tumbled Thursday on waning confidence in the bull market amid worries about government steps to cool the market and that a slew of new share listings might drive prices lower.

Analysts said the lack of apparent support from state-controlled institutional investors for blue chip shares, often viewed as an indication for government policy intentions, was undermining confidence.

The benchmark Shanghai Composite Index fell 5.3 percent to 3,615.87. The Shenzhen Composite Index of China's smaller, second market plunged 5.8 percent to 1,015.85.

http://www.forbes.com/feeds/ap/2007/07/05/ap3885233.html

Surprisingly HK up. Since a few days it has been over 22000. Nikkei up slightly.
Europe down. Amazingly FTSE (England) has weathered the bomb scares quite well.Though down today it is up since the weekend bomb scare.

How come there has been no thread on discussing that? Doctors who studied in India were also involved.

Brent crude at $76 and West Texas at $71.

BSE slightly down. Looks like DLF was a squib. Maybe already factored in beforehand.

INDICES Points +-Pt +-%
SENSEX ê 14,861.89 -18.35 -0.12
MIDCAP ê 6,605.85 -39.80 -0.60
SMLCAP ê 7,796.02 -59.64 -0.76
BSE-100 ê 7,699.74 -17.26 -0.22
BSE-200 ê 1,827.20 -4.85 -0.26
BSE-500 ê 5,850.64 -18.90 -0.32

Canadian dollar at 94 + cents to the dollar, but amazingly the GBP has gained in value agnst it..

Enjoy Friday junior! It's summer!

http://economictimes.indiatimes.com/Mixed_views_on_DLF_listing_today/articleshow/2176484.cms

Shares of Gurgaon-based property developer, DLF Ltd will list on the bourses Thursday. But the market has mixed views about it.

Some traders feel the share will not rise much because retail investors had not oversubscribed their quota of shares.

Others expect the share to list at Rs 555, a premium of Rs 30 rupees to the IPO price. They see the share rising on demand from investors who missed out on the country's biggest initial stock sale.

If it lists at a 10% premium, DLF will have a market capitalisation of Rs 99,000 crore.


____________________________________________

DLF shares rise 11 pc on listing; becomes 8th most valued firm
Mumbai, July 5 (PTI): Shares of DLF Ltd jumped 10.85 per cent in the real estate major's second coming to the capital market, making it the eighth most valued firm on the bourses in terms of market capitalisation.

The scrip listed at Rs 582 on the Bombay Stock Exchange against the issue price of Rs 525 and soared to a high of Rs 714.25, briefly propelling the market value to over Rs 100,000 crore.

"The market capitalisation of DLF is right now between Rs 95,000 crore to Rs 1,00,000 crore," DLF Group's CFO, Ramesh Sanka told reporters.

The DLF counter saw hectic profit booking and share price, when last tracked at 1200 hrs, was Rs 549.70 on the National Stock Exchange showing a gain of Rs 24.

Billionaire K P Singh-promoted DLF, which had delisted from Bombay Stock Exchange in 1982, was ahead of ICICI Bank and State Bank of India in terms of market cap. Only Reliance Industries, ONGC, Bharti Airtel, NTPC, Infosys, TCS and Reliance Communications had higher market value on BSE

http://www.hindu.com/thehindu/holnus/006200707051404.htm


_____________________________________________________

MUMBAI (Reuters) - Indian shares climbed to an all-time high on Thursday, but fell to negative territory as investors locked in gains after the market stretched its record-breaking run into a fourth day.

Shares in DLF Ltd., which raised $2.25 billion in India's biggest IPO, rose 11 percent on their market debut, taking the property developer to the list of India's top 10 valuable firms.

At 11:38 a.m. (0608 GMT), the shares were trading at 541.40

rupees after starting at 582.50, compared with the issue price of

525 rupees.

"We had expected the stock to rise by 30 to 40 rupees on listing," said Deepak Jasani, head of retail research at HDFC Securities.

The benchmark 30-issue BSE index was down 0.88 percent at 14,749.58 points, after having touched a record 14,963.25 in opening deals. Its previous peak was 14,906.93 hit on

http://in.today.reuters.com/News/newsArticle.aspx?type=businessNews&storyID=2007-07-05T122930Z_01_NOOTR_RTRMDNC_0_India-283257-2.xml

______________________________________________

Was anybody able to score these shares?