Business Daily from THE HINDU group of publications
Wednesday, October 10, 2007
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Commodities (Oct 09)
Gold (per gram) Rs871
Silver (per gram) Rs18.80
Brent crude (per bbl) Rs3,022
Markets (Oct. 9)
BSE Sensex18280.24 (+788.85)
S&P CNX Nifty5327.25 (+242.15)
US Dollar39.51 (+0.05)

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Sensex whizzes past 18,000; posts highest intra-day gain
As political concerns ease, confidence is back with a bang More

Reliance top choice for equity funds
The stocks from both the Reliance groups have been star performers in the recent rally is a well-known fact. But did you know that mutual fund managers had assumed a bullish stance in the Reliance stocks, ahead of their recent surge? ... More

Small investors miss the bus
Offload holdings expecting deeper correction More

Sensex at 18K – Time to turn cautious
Surging open interest, higher volumes indicate over-heating More

Govt weathers storm for now
Left-UPA panel on US nuclear deal to meet again on October 22 More

ONGC, Mittals suspend hydrocarbon trading venture
Committed to strengthening ties in upstream activities: ONGC chief More

Truck manufacturers look at raising prices
Rates may go up by anywhere between Rs 6,000 and Rs 30,000 More

S&P forecasts 8.6% GDP growth for 2007-08
Impact of high interest rates, rising rupee More

Wheat minimum support price fixed at Rs 1,000
Non-basmati exports banned; Rs 50 bonus for paddy More

Bombay Dyeing plans US foray
To sell branded sheets thru specialty home textile chains More

No escape from a CRR hike
Suddenly, growth worries have surfaced – serious enough for the Finance Minister to call corporate and bank chieftains for a meeting. Banks were asked to take a soft line on interest rates. They will not find it easy to agree. Their ... More

Service cos may show strong Q2 results
Earnings momentum likely to be sustained: Re impact will not be felt More

IBM withdraws ‘outsourcing of services’ patent application
More

Pay your insurance premiums now through SMS
TAPPING M-COMMERCE More

Employment outlook for Q4 dips
Bangalore, Oct. 9 The TeamLease Employment Outlook report for the quarter October-December 2007 indicates a temporary dip in hiring needs with sectors like financial services, infrastructure, IT, retail, media and FMCG showing a marginal ... More

Hindustan Shipyard may go to Defence Ministry
Transfer from Shipping Ministry likely in 2010 More

Today's Pick: ABG Shipyard (Rs 674)
We recommend a buy in ABG Shipyard at current price levels. The stock has been on a steady long-term up trend since December 2006 low of around Rs 210. It is also moving in an upward moving channel since its August low of Rs 475. However, the ... More

Day Trading Guide
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Adlabs Films: Betting on new ventures
Adlabs Films has been one of the star performers of the market for quite some time. The stock on Tuesday gained 3.45 per cent at Rs 490.75 while week-on-week it reported a gain of 7.57 per cent and month-on-month 11.46 per cent.Apart from ... More


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