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The country's industrial production witnessed an increase of 13.5% in the month of March, taking the total growth for 2009-10 to 10.4%.

According to reports, the industrial production surged regardless of withdrawal of fiscal stimuli packages and the monetary plan stiffening.

The Index of Industrial Production (IIP) grew 0.3% during March 2009 and 2.8% in the whole of 2008-09.

The facts issued by the ministry of statistics and programme implementation indicated that the total production yield increased by 14.35 during the month of March.

Technical Analyst Kunal Saraogi has maintained 'hold' rating on Bata India Ltd stock with a stop loss of Rs 248.

Today, the shares of the company opened at Rs 262.50 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 303.35 and a low of Rs 116.80 on BSE.

Current EPS & P/E ratio stood at 11.10 and 24.51 respectively.

Bata India announced that it has reconstituted its deals with the Calcutta Metropolitan Group with which it has signed JV contract to strengthen its riverside properties in WB.

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.