Financial Daily from THE HINDU group of publications
Sunday, May 29, 2005
Financial Daily from THE HINDU group of publications Sunday, May 29, 2005 |
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MARKETS OPEN OFFERS Ambuja Cement Eastern: Reject SHAREHOLDERS of Ambuja Cement Eastern can reject the open offer made by the Holcim group of Switzerland and Ambuja Cement India, which is now owned by Holcim and Gujarat Ambuja Cement. Our recommendation is predicated on a merger of Ambuja Cement ... More FINANCIAL SERVICES Underwriters exercise allotment option of Infosys ADS offering THE underwriters to Infosys Technologies Ltd's sponsored secondary ADS offering have exercised the over allotment option on May 26 to purchase up to two million additional ADS representing an equal number of shares at $67 each. By this count, ... More MUTUAL FUNDS Balanced funds now compelling choices
SBI Magnum Balanced Fund: Hold
Reliance Growth Fund: Invest
TECHNICAL ANALYSIS Weak outlook for Reliance SBI (Rs 668): The stock moved in line with expectations. It moved to the target zone of Rs 670-675 and closed on a relatively weak note on Friday. After a short-term weakness, the stock is likely to resume the earlier upward move. The ... More
Nifty may head for corrective phase
Query corner
Focus of the week STOCK EXCHANGES BSE eyes commodities exchange business THE Bombay Stock Exchange is planning a foray into commodities trading exchange business. The BSE, Asia's oldest stock exchange, has planned two options to venture into commodities trading exchange. "One of the options being weighed is to ... More STOCK MARKETS Before you pull the trigger on the analyst... A `BUY' recommendation pops up from the financial media, and immediately you call up your broker to say `buy'. You turn the page, and there's a `sell'. And you pick up your mobile to make another call, so as not to lose gains made or stem further ... More DERIVATIVES MARKETS Reversal of trend in Nifty likely Nifty outlook: Last week, we had anticipated a negative outlook for Nifty and had recommended shorting Nifty futures keeping stop-loss at 2013 points. But quite contrary to our expectation, the Nifty defied gravity all through the week ... More
10 securities introduced REGULATORY BODIES & RULINGS Chance for SEBI to make an impact The present situation in the stock market is a chance for SEBI to make its mark and correct the perception that the entire system is in favour of manipulative brokers and business-houses. More
SEBI GUIDE RECOMMENDATION State Bank of India: Buy FRESH investments in the stock of State Bank of India can be considered. The stock is trading below its book value, if we consider the consolidated balance sheet. The valuation is thus appealing and can deliver attractive returns for investors ... More
Uttam Galva Steels: Hold
Thirumalai Chemicals: Buy
Jet Airways: Hold
Avaya GlobalConnect: Pare exposures ECONOMIC OFFENCES 
`Spice' trades refuse to fadeTRADERS jacked up the price of SPIcE, the exchange-traded fund floated by Prudential ICICI, by another 20 per cent on Friday too. If such trades confound you, then there is more. These seemingly irrational trades are not restricted to the ... More Stock Quotes SE Diary Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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Top Stories In Focus BHEL Disinvestment China's revaluation Dabhol power regenerated Tracking the rains Sethusamudram Canal Project India Inc's overseas acquisition
In Depth Gender Justice Simple Economics Tax Talk
Looking back May. 22-May. 28 SEBI putting in place new market surveillance system Short-covering may lift benchmarks Infosys ADS priced at $67; response huge |
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