The Hindu Business Line : Thursday, October 18, 2007

SEBI move on PN may cast a shadow on investor sentiment: FIIs
A section of the foreign institutional investors believes that the SEBI move to restrict investments through participatory notes (PN) could cast a shadow on the investor sentiments, even as they felt that flows from long-term investors will ... More

‘It’s aimed at moderating copious inflows’
Govt not in favour of banning Participatory Notes More

FII-picked stocks see mixed fortunes
Max India, Aftek witness sharp fall More

What are ‘Participatory notes’?
Snapshot
SEBI permitted FIIs to register and trade in Indian securities in 1992.
FIIs started acting as conduit for third-party investors. More

One minute nightmare for investors!
Investing community by and large expected a dip More

Rupee down by 20 paise
Mumbai, Oct 17 The rupee which has been on a gaining spree, weakened by 20 paise against the dollar, on the back of SEBI’s proposal to contain capital inflows, through participatory notes. On Wednesday, the home currency saw ... More

Analysts react positively to SEBI paper on ODIs
The discussion paper on offshore derivative instruments (ODIs) released by the SEBI appears to have received a positive response from market analysts. Many view the proposal as a long pending structural change that will improve the ... More

Reliance Energy net profit up 34% at Rs 250 cr
Change in accounting policy More

DaimlerChrysler may zero in on Chennai or Pune for commercial vehicles plant
A high-level delegation visited the Chennai port to look at the infrastructure facilities available for import and export. More

‘Skilled workers from India, China leaving US shores’
Visa delays, opportunities at home causing reverse brain-drain: Report More

SBI may get nod for rights issue
New Delhi, Oct. 17 The Finance Ministry is likely to allow State Bank of India (SBI) to float a Rights Issue to mobilize anywhere between Rs 11,000 to Rs 12,000 crore to fund business growth. “The mode of raising capital would ... More

Market risks drive PSBs to merchant trading
Trim proprietary trading; fees offset dip in treasury income More

Today's Pick: Cummins (Rs 425.70)
We recommend a sell in Cummins (I) at current levels. From the charts of Cummins, we note that the stock has been on a steady long-term uptrend since July 2006 low. However, we note that the stock consolidated sideways for more than two weeks, ... More

The colour of money?
FII inflows More

Day Trading Guide
The stock is trading near its all time high. Buy only when the stock breaches Rs 1,140.Infosys On Wednesday, the stock declined initially and found support around Rs 1,700 level. However, subsequently it recovered and ... More

‘First good step in calibrating hot money’
Mixed views on note and clarifications More

P-Ns regulation: ‘Market focus will move to fundamentals’
The increasing use of participatory notes to gain access to the Indian markets has been an issue of concern for a long time in India. The proposal to regulate the use of these instruments has drawn positive responses from the domestic fund ... More

Westerlies prop up system in N-E
Thiruvananthapuram, Oct. 17 The westerlies-to-southwesterlies from a trough in the passing western disturbance is lately seen sustaining the disturbed weather in the North-East and the ongoing precipitation. On Wednesday, the parent ... More