Business Daily from THE HINDU group of publications
Wednesday, July 12, 2006
Markets (July 11)
BSE Sensex10614.35(-69.95)
S&P CNX Nifty3116.15 (-25.85)
US Dollar (Buy/Sell)46.21 (+0.11)


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MARKETS

FINANCIAL SERVICES
BoI launches online trading in Chennai
Bank of India (BoI) has launched its online trading service, named Star Share Trade, for securities in Chennai on Monday. For this, the bank has joined hands with Asit C. Mehta Investment Intermediaries. While inaugurating the live ... More

MUTUAL FUNDS
UTI Mutual Fund raises stake in IFGL
UTI Mutual Fund, which holds a critical part of IFGL Refractories Ltd's equity, has picked up an additional two per cent from the secondary market. The fund house, which holds IFGL through UTI Master Value Fund, has upped its stake in line with ... More

STOCKS
Thermax betting on order book
The Thermax stock, which closed at Rs 254.20 on the BSE, has seen a quiet accumulation on hopes that it stands to gain from a decent order book and positive outlook of user industries such as steel, hydrocarbons and chemicals. It witnessed a ... More

Auto stocks up on Q1 hopes
Expectations of strong Q1 numbers drove up auto stocks. The auto sector, which saw strong sales volumes during the first quarter, recorded a double-digit growth in almost all segments. The quarter, say analysts, has witnessed a reduction in ... More

TECHNICAL ANALYSIS
Bear domination
Bears dominated Tuesday's trading activity. The sentiment reading of the tradable counters changed to bearish. Bull move on Wednesday is likely to change the sentiment reading to bullish. On the other hand, prevailing sentiment reading is ... More

STOCK MARKETS
Markets may show resilience
The immediate impact will most likely be negative. A lot also depends on the statements made by political parties. More

COMMENTARY
Markets take a breather; Sensex ends on a weak note
More

IPOS
Bombay Stock Exchange tightens norms for listing of shares
Due diligence must for companies below Rs 10 cr issue size More

FIEM Industries files for IPO
FIEM Industries Ltd., a manufacturer of automotive lighting and signalling equipment, proposes to enter the capital market with a public issue of 41 lakh equity shares of Rs 10 each, to raise funds to meet its expansion plans.The company has ... More

OUTLOOK
Bullish outlook for cement firms on back of higher prices
`There is scope for prices to rise by Rs 20-25 a bag across the country' More


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Top Stories
Insat-4C loss: ISRO to decide on accommodating DTH operators

Air India tightens norms for VVIP flights' crew

Bullish outlook for cement firms on back of higher prices

`India among most preferred pvt banking destinations'

Excise, customs duty collections rise in Q1

June car sales up 24.5 pc as price hikes loom

Stage set for an oil bull run

Major ports' cargo traffic rises 6.38 pc in Q1

Looking back
Jul. 2-Jul. 8
Pure commodity funds may not be so easy to introduce

Bellwether indices continue to move within narrow range

Sensex flares up on strong buying in frontline stocks

Mixed global trend pulls down indices

Profit booking leaves a weak note


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