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Gold futures rise on global cues
Gold futures rose 0.31 per cent at the Multi Commodity Exchange (MCEX) today as traders engaged in enlarging their positions in tandem with a firming global trend on dollar weakness.

Shri Renuka Sugars acquires Brazilian VDI
Shri Renuka Sugars has acquired "Vale Do Ivai S.A Acucar E Alcool (VDI)", a Brazilian sugar and ethanol production company. The acquisition includes two sugar and ethanol production facilities located in the southern state of Parana with a combined cane crushing capacity of 3.1 mn tonnes per annum. In addition, VDI holds strategic stakes in several logistics assets including terminals for staoarge and loading of sugar and ethanol at the port of Paranagua. Larger part of the sugarcane requirements at VDI are met through its own cultivation of more than 18,000 hectares of land on long lease.

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Agri commodity prices dip on high rabi output estimates
Futures prices fell 5-12% in December; trend may continue next year.
Business Opportunities

Opto Circuits gains on EU nod

Opto Circuits gained over 2% to Rs 172. The stock touched a high of Rs 177 and a low of Rs 168 during the day. The counter saw trades of 194,633 shares as against its two-week average traded quantity of 470,711 shares. ________________________________________________________ Negative view on state-run oil cos: Fitch Jan cement sales in high double-digit Opto Circuits has gained 3% on developing a new oximeter. The stock opened at Rs 169 and surged 3% to a high of Rs 174. The stock is now up 2.5% at Rs 173. The stock has surged 25% in the last month. Around 53,420 shares have been traded on the BSE so far. According to a release issued by the company to the BSE, the new pocket sized finger pulse oximeter has received the nod for EU consumer safety, health and environmental requirements. This will be available for marketing and distribution in key markets like Europe, Asia and Latin America.


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