Financial Daily from THE HINDU group of publications
Thursday, March 09, 2006
Markets (March 8)
BSE Sensex10508.85(-216.82)
S&P CNX Nifty3116.70(-66.10)
US Dollar (Buy/Sell)44.50 (+0.15)


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FINANCIAL SERVICES


Geojit to set up broking firm in Saudi
Geojit Financial Services Ltd, a leading retail stock and commodity brokerage, is setting up a joint venture broking company in Saudi Arabia. The joint venture company will have tie-ups with local partners, subject to all necessary regulatory ... More

INVESTMENTS


Meet soon on EPF investment
Trustees to discuss parking funds in equities among other avenues More

NEW FUND OFFER


JM Mutual charts growth strategy
Eyes 150% rise in AUM More

OptiMix's multi-manager fund of funds launched
Scheme seeks to generate returns by investing in debt, liquid, money market and equity funds. More

COMMENT


It's a correction: Chidambaram
Unfazed by the 216.82-point fall in Sensex, the Finance Minister, Mr P. Chidambaram, has described today's fall in stock market indices as a "correction." "It's a correction. It's nothing," Mr Chidambaram told newspersons reacting to the fall ... More

STOCKS


Bull run hits pause button
Sensex down 217 points More

Institution, HNI buying seen in Rishabh Digha Steel
Plans pref allotment of 25 lakh equity shares at a premium of Rs 20/share More

Rajeswari Foundations firm on township project
More

TECHNICAL ANALYSIS


Bear domination
Bears Dominated over Wednesday's trading activity. The sentiment reading of the tradable counters changed to bearish. Bull pressure on Thursday is likely to change the sentiment reading in their favour. On the contrary, the prevailing bearish ... More

STOCK MARKETS


Empire Ind shines on realty buzz
Empire Industries is seeing appreciation in market valuation once again on realty buzz. The stock on Wednesday closed at 5 per cent upper circuit filter at Rs 229 on the BSE. According to dealers, the low-equity company is being re-valued for ... More

Tata Chem sees value on acquisition
A select bunch of investors are taking a long call on Tata Chemicals expecting a significant valuation upside in view of its scale and global presence. After the recent overseas acquisition, it is now reckoned amongst the largest soda ash ... More

COMMENTARY


Profit booking pulls down Sensex
Markets witnessed the full force of the bear's rampage on Wednesday with the Sensitive Index losing over two per cent. The broad markets were also engulfed in profit booking. This was reflected in the declining stocks outnumbering the advancing ... More

RIGHTS ISSUE


DS Kulkarni Developers plans rights
To part finance its nine large residential projects, real estate company DS Kulkarni Developers Ltd (DSKDL) is entering the capital market with a rights issue and a follow-on public issue. The follow-on public issue is likely by the last week of ... More
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Union Budget 2006-2007

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Top Stories
Online banking usage picking up


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In Focus

Infrastructure woes stare IT sector
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In Depth

Gender Justice
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Looking back
Feb. 26-Mar. 4
You stand in coldest expectation

LIC plans to invest Rs 13,000 cr in equities — Favours bank stocks

MFs keen to tap global opportunity

Equity fund redefined

UTI Mutual to enhance international operations

FIIs unlikely to rush for G-Secs, corporate bonds

Balanced funds may lock into higher equity pie



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