Business Daily from THE HINDU group of publications
Tuesday, September 11, 2007
ePaper
Markets (Sept. 10)
BSE Sensex15596.83 (+6.41)
S&P CNX Nifty4507.85 (-1.65)
US Dollar (Buy/Sell)40.66 (-0.04)


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MARKETS

NEW FUND OFFER
IL&FS, Milestone launch Rs 1,000-cr real estate fund
Includes geenshoe option of Rs 500 cr More

STOCKS
Flyover collapse brings Gammon India stock down
Facing criminal charges; breakdown report in 5 days More

Oil PSU stocks flare up
Better refining margin, talk of rise in retail prices cited as reasons More

Patels Airtemp’s order book swells
Patels Airtemp India, an engineering products counter, has turned active of late on hopes of substantial order book growth. According to market circles, the company is about to get a Rs 25-crore order for air-cooled heat exchangers from ... More

RIL may tap Hualon’s network
Addl market for its fibre intermediates More

Margin relief for FMCGs
Chennai, Sept.10 Signs of moderation in milk prices from their highs, if sustained, could alleviate margin pressures for FMCG companies focused on dairy and milk products. Nestle India, which derives over 40 per cent of its sales from ... More

TECHNICAL ANALYSIS
Volatile movement
Monday’s trading activity witnessed volatile movement. However, the sentiment reading of the tradable counters changed to bearish. Bull move on Tuesday is likely to change the sentiment reading in its favour. On the contrary, the ... More

DERIVATIVES MARKETS
Backwardation narrows down for Nifty futures
Cairn Energy, United Phosphorus add open interest positions More

RECOMMENDATION
Indian Overseas Bank
Target: Rs 150 More

Day Trading Guide
The stock is currently moving sideways between Rs 900 and Rs 925. Buy close to the lower boundary at Rs 900.IDBI

IDBI is consolidating around its all-time high. The outlook stays positive. Buy when the ... More

Today's pick: VSNL (Rs 402.3)
We recommend a buy in VSNL. The stock has been trading within a broad range of Rs 300-500 since August 2005. It reversed from the upper boundary of this trading range in July and has registered a sharp fall from there. This fall was arrested ... More

IPOS
Power Grid public issue subscribed 1.07 times
Mumbai, Sept. 10 The initial public offering of Power Grid Corporation of India Ltd was subscribed 1.07 times at 4 p.m. on the BSE and NSE on Friday, the first day of the book building process. The total bids received were 61.91 crore ... More

PEOPLE
Razdan is new SHCIL CMD
Mumbai, Sept. 10 Mr RC Razdan has taken over as the Chairman and Managing director of Stock Holding Corporation of India Ltd (SHCIL). Prior to this appointment, Mr Razdan was looking after Northern India Operations of IDBI Bank. Mr ... More






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