U.S Market all positive data

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The Institute for Supply Management (ISM) said its index of national manufacturing activity rose to 60.4 in April from 59.6 in March, beating Reuters' median forecast for a reading of 60. A rise in the employment component showed employers were more confident about hiring. U.S. manufacturing registered its fastest pace of growth in nearly six years in April while data on construction and consumer spending pointed to further strength in the economy.

http://www.businessinsider.com/sorry-when-the-ism-hits-60-the-stock-market-really-slams-on-the-breaks-2010-5 When The ISM Hits 60, The Stock Market REALLY Slams on the Brakes

HSBC India MFG PMI falls for second month http://www.business-standard.com/india/news/hsbc-india-mfg-pmi-falls-for-second-month/393742/  India’s industry output, as measured by the HSBC Purchasing Managers Index (PMI) fell for the second consecutive month in April, as operating conditions improved at a weaker rate during the period. However, despite the marginal decline, the latest survey indicates considerable strengthening in the health of the industry. The index stood at 57.2, marginally down from the reading of 57.8 in March. The fall in PMI reflects slower expansion in both output and new orders. However, both the indices tracking trends in these two variables remained at levels consistent with sharp rates of growth.

JSW Steel to buy coking coal assets in US http://www.livemint.com/2010/05/03173413/JSW-Steel-to-buy-coking-coal-a.html

The sugar industry is in for sweeter days this year, thanks to a good crop of sugarcane which saw an improvement of 15% against last year. Sugar production meanwhile has reached 70 lakh tonne for the year 2009-10, which is 12% more than the last year.

Pfizer, Wyeth sue Ranbaxy over infringement http://www.financialexpress.com/news/Pfizer-Wyeth-sue-Ranbaxy-over-infringement/614545/