Business Daily from THE HINDU group of publications
Wednesday, September 12, 2007
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Markets (Sept. 11)
BSE Sensex15542.77 (-54.06)
S&P CNX Nifty4497.05 (-10.80)
US Dollar (Buy/Sell)40.62 (-0.04)


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NEW FUND OFFER
Birla Sun Life launches global fund
Mumbai, Sept. 11 Birla Sun Life Mutual Fund on Tuesday launched an international equity fund. This equity fund has two plans. Plan A, would invest in a portfolio of international stocks from all across the globe, whereas Plan B would be a ... More

MUTUAL FUNDS
Select players active on fixed maturity domain
Major fund houses’ absence conspicuous More

SBI MF to foray into semi-urban centres
In its efforts to reach out to the common man, SBI Mutual Fund has proposed to start a campaign in 50 semi-urban centres across the country to create awareness among people in investing in mutual funds. The campaign, which will be ... More

STOCKS
90 stocks hit new peaks on BSE
Chennai, Sept. 11 Ninety stocks have registered their new highs on BSE on Tuesday, thanks to the bull rally. In the rising market, stocks from mid- and small-cap segments generally tend to get hyper-active. But this time around, quite a few of ... More

IMPACT
Opportunity knocks for Sun Pharma?
Gets access to $2 billion market More

IFCI continues upward march
FIIs keen on buying the stock More

ICICI sells 5.3% stake in Andhra Cement
ICICI Bank Ltd has sold its 5.30 per cent stake in Andhra Cement Ltd thereby reducing its holding in the company to 0.35 per cent from 5.65 per cent. It sold 62,10,997 shares, according to the data available on the BSE.Meanwhile, BLRP ... More

Cairn India: More in pipeline
Signs of production on schedule More

TECHNICAL ANALYSIS
Bears prevail
Trading activity witnessed bear pressure on Tuesday. However, the sentiment reading of the tradable counters changed to bullish. Bear move on Wednesday is likely to change the sentiment reading in their favour. On the contrary, the prevailing ... More

STOCK MARKETS
FIIs could be holding on to July short positions
Recent correction recorded second largest exodus of funds More

Brand premium for PSU banks
The brand value and distribution reach of Indian public sector banks are well known. These strengths have been well preserved over a period of time and have largely enabled them to retain their customer base through economic and business ... More

DERIVATIVES MARKETS
United Phosphorus sees accumulation in open interest
Trading activity picked up in the NSE derivative segment amidst volatile condition. A higher turnover of Rs 41,739 was witnessed on Tuesday against Monday’s figure of Rs 37,333 crore. Nifty future, which was able to narrow its ... More

REGULATORY BODIES & RULINGS
SEBI proceeds against 20 cos for not complying with Clause 49 norms
Mumbai, Sept. 11 The SEBI has initiated adjudication proceedings against 20 companies for non-compliance with corporate governance norms under their listing agreement with the stock exchanges.Adjudication proceedings are in the nature ... More

RECOMMENDATION
Day Trading Guide
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Today's Pick: HCL Infosys (Rs 218)
We recommend a buy in HCL Infosystems at the current price of Rs 217.6. After forming a triple bottom pattern spanning a year between May 2006 and June 2007, the stock broke through the neckline at Rs 175 in June. It then moved sideways ... More

IPOS
NHPC, REC issues by March, says Shinde
New Delhi, Sept. 11 The proposed initial public offerings of State-owned National Hydro Power Corporation and Rural Electrification Corporation are expected to hit the market before March next, with clearances to the appointment of independent ... More

Oil India appoints lead managers for planned IPO
Kolkata, Sept. 11 Oil India Ltd (OIL) has appointed HSBC, JM Morgan Stanley and Citibank as lead managers of its proposed initial public offering (IPO).The company has also approached the Petroleum Ministry for early appointment of ... More

Motilal Oswal Financial makes debut at Rs 999
The stock of Motilal Oswal Financial Services Ltd, a broking firm, made its debut on the BSE at a premium of 21.09 per cent at Rs 999 against the issue price of Rs 825. On the NSE, it opened at a premium of 10.43 per cent at Rs 911.10. ... More






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