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BSE Sensex seen up after U.S. debt relief

Monday 1st Aug 2011 143

Mumbai : Steel Authority of India Ltd will be on the radar after the largest domestic steel producer said late on Friday it expects steel demand to improve and held out hope its raw material costs may reduce in coming quarters. Adani Enterprises Ltd will be watched after it denied on Saturday any links to alleged illegal mining in the southern state of Karnataka and said the company had never had any interest in mining iron ore. Shares in Adani had plunged as much as 26 percent on Friday on newspaper reports that a Karnataka judicial ombudsman's report had accused the company of paying bribes and permitting illicit iron ore exports.

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