Business Daily from THE HINDU group of publications
Saturday, September 23, 2006
ePaper
Markets (September 22)
BSE Sensex12236.78(-37.49)
S&P CNX Nifty3544.05(-9)
US Dollar (Buy/Sell)45.90


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MARKETS

MUTUAL FUNDS
How the FMCG funds stack up
FMCG funds, which have in the last one year outperformed sectoral fund categories such as pharma, auto and banking, should find more takers once the sector shows discernable improvement, mutual fund sources feel. Says Mr Harsha Upadhyaya, ... More

STOCKS
McGraw-Hill to pick up 15% stake in Hurix
It has also sought permission to issue the shares at Rs 10 per share instead of Rs 26 earlier arrived at. More

Hotel Leela Venture remains active
The Rs 2-face valued Hotel Leela stock is recording substantial volumes with investors swooping down on it after the company announced a stock-split, for which September 15 was the record date. On Friday, it closed on the NSE at Rs 67, with ... More

Alstom Projects up on order hopes
The Alstom Projects stock, which closed at Rs 295.15 on the NSE, is said to be on marketmen's radar because of a number of orders bagged by the group. Four of these, worth Rs 300 crore-plus, are being mentioned by analysts at present. All ... More

TECHNICAL ANALYSIS
Sideways movement
Friday's trading activity witnessed sideways movement. However, the sentiment reading of the tradable counters changed to bearish. Bull move on Monday is likely to change the sentiment reading in its favour. On the other hand, the prevailing ... More

STOCK MARKETS
FMCG counters turn attractive
Recent price hikes by select cos fuel interest More

PSU insurers ride equity boom to beef up capital
Higher retention capacities, high solvency margins More

REGULATORY BODIES & RULINGS
SEBI relaxes entry/exit norms for F&O contracts
`Stocks can become eligible again and reintroduced for derivatives trading' More

SEBI suspends 2 brokerage houses
The SEBI has suspended the certificates of registration of Sakshi Stocks and Shares Pvt Ltd and Malay Investment and Financial Services Pvt Ltd, members of the Uttar Pradesh Stock Exchange, on charges of certain irregularities and contraventions ... More

INTERVIEW
Uttam Galva expects zinc prices to go up to $3,700 a tonne
Chinese exports less competitive on rebate cut More

COMMENTARY
Profit-taking, weak global advice let down benchmarks
It was a lacklustre day on Indian bourses as markets closed the week on a rather negative note. Taking cues from global markets, the bellwether Sensex closed 37.5 points lower at 12,236.8 while the broader Nifty settled at 3544,down nine points. ... More

IPOS
Accel Frontline IPO opens on Sept 28
Price band has been fixed between Rs 75 and Rs 90 a share More

OUTLOOK
Centre mulls allowing foreign investors in real estate sector
The Centre will consider allowing foreign investors to tap the capital market pre-IPO in the real estate sector, the Union Urban Development Minister, Mr S. Jaipal Reddy, said here on Thursday. "We are absolutely open to foreign investment in ... More






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Top Stories
Transfer pricing audits: No review of threshold cap now

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Looking back
Sep. 10-Sep. 16
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