Inflation at 6.68%: Will steel stocks feel the heat?

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Market Round Up from Moneycontrol: More stock news. More stock advice.       Top News Iron-ore, steel price hikes push inflation to 6.68%: Experts see CRR hike soon Inflation for week ended March 15 is at 6.68% versus 5.92%, much above market expectations of around 6%. It's at a 59-week high. Iron and steel prices have gone up 5.3%, while vegetable prices have gone up 2.5% for the week ended March 15. Experts see CRR hike now.. Govt withdraws DEPB benefit on cement, manganese Commerce Secretary, GK Pillai has informed that the government has withdrawn the Duty Entitlement Passbook Scheme, or DEPB benefit on cement. The government has also scrapped the DEPB on manganese, chrome and ferrous..... See 20% earnings growth for FY09: ABN Amro AMC Sameer Narayan of ABN Amro Asset Management, said a 20% earnings growth in FY09 looks achievable. He doesn't expect a rate cut anytime soon due to inflation concerns, he said. Though, he says, we may see an interest rate cut in H2FY09..... Worst may be over, Sensex can touch 18k: JM Fin Gautam Shah of JM Financial Services said the Sensex can touch 18000 and Nifty, 5300. He said key Sensex support is being seen at 15300-15500, which is likely to hold Shah said midcap stocks can give 20-25% returns from here on.....       Stock in News Jupiter Bio to acquire Merck Life, stock rises Moser Baer to sell entertainment biz, stock up Block deal in Punjab National Bank, stock down More Stocks : Teledata Info | BAG Films | Jupiter Bio | Ceat | Tata Chemicals | Moser Baer | Click For More       Stock Advice Buy Tata Motors, tgt Rs 880: Angel Broking Buy Rcom, tgt Rs 706: Prabhudas Lilladher JP Asscociate an outperformer, tgt Rs 325 : P Lilladher More Stocks : Guj NRE Coke | Cipla | Kotak Mahindra | Adlabs Films | Cipla | Orchid Chemical | Click For More       IPO Corner Kiri Dyes and Chem IPO subscribed 0.46 times Titagarh Wagons IPO subscribed 6.75 times Await listing of Titagarh Wagons: Keynote Click For More       IBNLive Top news Raj has the right to say whatever he wants: Big B Villagers catch 'witch', beat up and parade her Chinese ambassador calls Dalai Lama 'serial liar' Rakhi rescues Horn Ok's team from Tanushree's tantrums Two Indian soldiers go missing in US Click For More   Market Interviews Not comfortable with India yet: ING Barings Results, RBI policy to set mkt undertone ahead: Schroders See Sensex at 18k levels in Q1 FY09: KR Choksey Sec   Market Analysis Mkts consolidating; to stay in 700-1000 pts band: Karvy Earnings may slowdown to 20%: ICICI Pru Top midcaps: Adlabs, Parsvnath, Kotak Bank, Geojit   Stock Videos Hold Cipla, says Mohindar   Limited downside in Kotak Mahindra: Dhawan   Buy Adlabs Films, says R Jain   Cipla has resistance at Rs 220-225: Mathew   Tata Steel can touch Rs 820-830: Mathew   Save tax upto Rs 33,660 & also get the benefit of stock market investing on www.easymf.com

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