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According to the reports, U. S. markets turned lower in late trading, closing mixed after China released inflation figures that indicate the government may choose to slow growth.

Bill Quinn, chairman of American Beacon Advisors told The Wall Street Journal that with real estate prices up 12.8 percent in April, "it's inevitable that they've got to tighten a little more to keep their economy in line."

As U. S. equity markets wavered and the dollar index rose 0.44 percent, prices closed higher on the Chicago Board of Trade on Tuesday.

Corn was up 6 1/2 to up 6 3/4, soybeans were up 3 1/4 to up 5 1/2, wheat was up 1/2 to up 1 1/4 and oats were up 2 1/4 to up 2 1/2.

It has been reported that corn futures rose as the U. S. Department of Agriculture said lowered its stock estimate by 161 million bushels from April.

Wheat stockpiles were pegged at above expectations at 997 million bushels.

Justice Sarosh Homi Kapadia has been nominated as the 38th chief justice of the country.

The senior most judge of the Supreme Court was administered the oath of the office by President Pratibha Patil.

The 62-year-old Kapadia is known for his expertness in matters of tax, banking, industrial as well as labor policies.

Born Sep 29, 1947, Kapadia was recruited as an advocate in Sep 1974.

Stock market analyst Anil Singhvi has maintained 'buy' rating on Adani Enterprises Ltd stock to achieve an intraday target of Rs 600.

According to Mr. Singhvi, interested traders can buy the stock with a stop loss of Rs 573.

The shares of the company, on May 11, closed at Rs 582 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 594.40 and a low of Rs 207.50 on BSE.

Current EPS & P/E ratio stood at 6.65 and 87.02 respectively.

Technical Analyst DD Sharma of Anand Rathi Securities has maintained 'buy' rating on Ranbaxy stock to achieve a short term target of Rs 490.

According to Mr. Sharma, interested traders can purchase the stock with a stop loss of Rs 445.

Today, the shares of the company opened at Rs 464.70 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 538 and a low of Rs 171 on BSE.

Current EPS & P/E ratio stood at 16.19 and 28.52 respectively.

Officias have informed that ASRC Aerospace Corp. has been selected for systems engineering services supporting the U. S. Air Force Evolved Expendable Launch Vehicles program.

Maryland's ASRC will join a team led by ManTech International Corp., which is under contract to support Launch and Range Systems Wing at the Air Force Space and Missile Systems Center.