Business Daily from THE HINDU group of publications
Thursday, June 07, 2007
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Markets (June 06)
BSE Sensex14255.93 (-279.08)
S&P CNX Nifty4198.25 (-86.40)
US Dollar (Buy/Sell)40.68 (+0.13)


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MARKETS

OPEN OFFERS
Tata Tea open offer for Mount Everest from July 27
Tata Tea's open offer for 20 per cent stake in Mount Everest Mineral Water Ltd will open on July 27 this year. The specified date for the offer is July 4. Tata Tea had last week announced the acquisition of a 24 per cent stake in Mount ... More

INVESTMENTS
MFs say no to fresh investments in liquid funds
Heavy inflows denting returns More

MUTUAL FUNDS
Close-ended funds turn in patchy performance
Returns vary from negative to modest single-digit figures More

Sundaram BNP Mutual ties up with Saraswat bank
Sundaram BNP Paribas Mutual Fund has tied up with The Saraswat Co-op Bank to form a distribution alliance. Saraswat Bank will distribute the entire bouquet of Sundaram BNP Paribas Mutual schemes across its 105 fully computerised branches and 13 ... More

STOCKS
Ciba Specialty up on order buzz
The stock of Ciba Specialty Chemicals India Ltd, has been seeing a lot of buying activity of late and has been rising rapidly on the BSE. According rumours doing the rounds in the market, the company will soon bag a big order from a European ... More

TECHNICAL ANALYSIS
Bear domination
Bears dominated over Wednesday's trading activity. The sentiment reading of the tradable counters changes to bearish. Bull move on Thursday has the potential to change the sentiment reading in their favour. On the contrary, the prevailing bearish ... More

STOCK MARKETS
Sensex sheds 279 points on profit booking
More

Low demand from auto cos deflates tyre stocks
`Higher interest rate, input cost, China competition add pressure' More

Apprehension of slowdown, import concern weaken cement stocks
Valuations of cement stocks cracked today as broad sentiment dipped. According to analysts, apprehension over a slowdown in demand growth, forthcoming monsoon season and possibility of increase in import came to the fore and had a short-term ... More

REGULATORY BODIES & RULINGS
SEBI sets up advisory panel on consent orders
The Securities and Exchange Board of India has constituted a high-powered advisory committee on consent orders and compounding of offences. Mr Justice Hosbet Suresh, former Judge, High Court of Bombay, will be the Chairman of the Committee. ... More

INTERVIEW
`Investors should aim at proper stock selection'
The equity market may be on fire but not all stocks can truly create wealth for investors, feels Mr Vikaas M Sachdeva, Country Head - Business Development, ING Investment Management (India) Pvt Ltd. "Clearly, there is a case for efficient ... More

IPOS
Edelweiss Capital plans initial public offering
Edelweiss Capital Ltd, which provides investment banking, asset management and wealth management services directly and stock and insurance broking through subsidiaries, plans to come out with a public issue. The Founder and Managing Director of ... More






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Union Budget 2007-08

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Economic Survey 2006-2007

Top Stories
Ministry wants CVD on imported wines, spirits to go

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Looking back
May. 27-Jun. 2
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