The Hindu Business Line : Thursday, October 18, 2007

ANNOUNCEMENTS
Corporate developments
Coimbatore, Oct. 17 Deccan Chronicle Holdings Ltd’s board of directors will meet on October 26 to consider, among others, a proposal for buy-back of shares and private placement of equity in its 100 per cent subsidiary Sieger ... More

INVESTMENTS
‘HNIs in India on the rise’
Mumbai, Oct. 17 Merrill Lynch and Capgemini, a provider of consulting, technology and outsourcing services, have come out with the second Asia-Pacific Wealth Report which looks at the changes in the high net worth marketplace in the region. ... More

STOCKS
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

TECHNICAL ANALYSIS
Bear domination
Wednesday’s trading activity witnessed bear domination. The sentiment reading of the tradable counters turned to bearish. Bull move on Thursday is likely to change the sentiment reading in their favour. On the contrary the current ... More

STOCK MARKETS
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

LIC makes stock buying of Rs 175-180 cr
Mumbai, Oct. 17 For the Life Insurance Corporation of India, it was just another average ay at the stock market. The corporation made total stock purchases of around Rs 175- Rs 180 crore on Wednesday, said a senior LIC ... More

IT stocks weather the storm
TCS leads the pack; CNX IT ends in positive zone More

Market crises have a life of their own, separate from value
More

The colour of money?
FII inflows More

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

DERIVATIVES MARKETS
Majority of stock futures sees open interest decline
Positions down for Nifty Oct futures More

FOREIGN INSTITUTIONAL INVESTORS
Sensex tumbles, triggers trading halt, recovers 1400
FIIs net sellers at over Rs 2,000 crore More

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

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

Bartronics share allotment
Bartronics India Ltd has approved a resolution to allot 14.98 lakh equity shares on conversion of foreign currency convertible bonds (FCCBs) to Goldman Sachs International and others. These would be to Goldman Sachs International, Credit Suisse ... More

REGULATORY BODIES & RULINGS
Regulating advisors
A careful perusal of the Draft SEBI (Investment Advisers) Regulations 2007 shows that if it goes through as it is, it may after all not rein in the vast burgeoning tribe of investment advisers strutting across the media.Meaning ... More

INTERVIEW
If ODI is not one-day international, what’s it?
Chennai, Oct. 17 Participatory notes or PNs are back in the news, with the SEBI (Securities and Exchange Board of India) issuing a draft discussion paper on ODIs (offshore derivative instruments). If that is too much of an alphabet soup ... More

BASIC BAATEIN
‘You are part of the herd if you act on market rumours’
When the Sensex is galloping from K to K, at the rate of more than 1,000 points a week, there is little time to invest in thinking. “Invest in the human soul. Who knows, it might be a diamond in the rough,” exhorts Mary ... 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

EVENTS
‘Common man should come forward to trade in stock markets’
Kochi, Oct 17 The role of the capital market is to channelise productive resources from ordinary people to entrepreneurs for the constructive use in industrialization. The stock market would help capital formation of a company thereby ... More

RECOMMENDATION
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

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

IPOS
Dhanus Tech debuts at premium
Mumbai, Oct 17 Dhanus Technologies Ltd, a communications services company, today listed its shares on BSE and NSE. On the NSE it opened at Rs 295. It traded at a high price of Rs 327.80 and low of Rs 260. When the markets closed, it ... More