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Hexaware reported a strong Q4CY10 with 9%QoQ USD revenue growth led by volume growth of 7.8%QoQ and offshore pricing improvement of 1.7%QoQ. It surpassed its Q4CY10 revenue guidance by 2.5% indicating the strong demand environment.

Strong revenue growth in line with expectations – Revenues grew 6.4%QoQ to Rs2,996mn, lower as compared to USD revenues due to appreciation of rupee. EBITDA margins improved 300bpsQoQ led by lower SG&A expense
(200bpsQoQ decline) and improvement in billing and utilization. Higher tax rates dent PAT, which declined 5.7%QoQ. EPS stood at Rs2.7.

Aluminium yesterday traded with the positive node and settled 0.26% up at 113.65 as suppo

Natural gas yesterday traded with the negative node and settled -2.73% down at 175.

Turmeric yesterday we have seen that market has moved 2.69% due to strong spot demand amid s

Jeera March contract gained Rs 89 and settled at Rs 16038 a kg  on less stocks and restricted supplies in the spot market.  Unseasonal rains and cloudy weather had delayed jeera sowing in India by a fortnight. As on Jan. 10, in Gujarat, the biggest producer, area under jeera stood at 244,600 hectares, marginally higher than 242,700 hectares sowed a year ago. In Unjha, a key spot market in Gujarat, jeera dropped -57.4 rupees to end at 15456.25 rupees per 100 kg. The contract made intraday low of Rs 15826 a kg and high of Rs 16150 a kg. Support for jeera is at 15859 below that could see a test of 15681. Resistance is now seen at 16183 above that could see a resistance of 16329.

Soyabean yesterday we have seen that market has moved 1.02% on short-covering after the rece