Business Daily from THE HINDU group of publications
Thursday, November 15, 2007
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Commodities (Nov 14)
Gold (per gram) Rs947
Silver (per gram) Rs20.90
Brent crude (per bbl) Rs3,499
Markets (Nov. 14)
BSE Sensex19929.06 (+893.58)
S&P CNX Nifty5937.90 (+242.50)
US Dollar39.35 (-0.01)


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SBI has strong case for rights issue, says Chidambaram
Final decision to be taken later in Delhi; bank hopes to raise Rs 10,000 cr by Dec More

Sensex rises 893 pts, highest single-day gain
Mumbai, Nov. 14 Positive global cues sent stocks soaring on Wednesday, with the BSE Sensex registering its highest single-day gain of 893.58 points or 4.69 per cent, closing at 19,929.06.The S&P CNX Nifty gained 4.26 per cent, ... More

How expensive is the Indian market?
Sensex’s PE multiple several levels above its 5-year average More

SEBI encouraging markets to move onshore
Suggests 7 new derivative products that stock exchanges may consider introducing More

BSNL’s GSM contract hits another roadblock
Nokia unhappy with revised tender norms More

Rise in turnover: Gold, silver, lead, crude rule commodity bourses
Kolkata, Nov. 14 In October, the total turnover of 23 commodity exchanges in the country increased by approximately Rs 59,000 crore compared with that of the previous month. Of this, Rs 57,000 crore or 97 per cent was contributed by the ... More

Today's Pick: Allahabad Bank (Rs 108.35)
We recommend a buy in Allahabad Bank at current levels. From the weekly chart we see that the stock is in a long-term up trend since July 2006 low of Rs 53, forming higher peaks and higher troughs. However, from the daily chart, we note that ... More

Day Trading Guide
Our short-term outlook for the stock is bullish. We retain our buy recommendation.Infosys Negating our view, Infosys surged in the last session. The daily RSI has bounced up from oversold region. We change our ... More

Excise revenue rises 14% in Oct
New Delhi, Nov. 14 The Centre’s excise duty collections grew 14 per cent on a year-on-year basis in October 2007 at Rs 10,293 crore, from Rs 9,066 crore during the same month the previous year. Customs duty collections remained buoyant ... More

Tight liquidity conditions likely to ease soon
Bankers bet on downtrend in oil prices, redemption of T-bills More

Fewer floating shares in realty
As majority of shares are held by promoters/FIIs More

Net’s next frontier — your mobile phone!
Internet players eye 3G cellular opportunity More

‘Net TV will struggle to gain foothold here’
Carriers can adopt hybrid model for successful venture: Gartner More

FII applications pouring in: Damodaran
‘Slowdown in inflows was only incidental’ More

Mobile user base up by 5.7 m in Oct
Notwithstanding the crunch in spectrum, GSM-based mobile subscriber base continued to grow at a scorching pace with over 5.7 million new users in October. The all-India GSM subscriber base grew from 154 million in September 2007 to 159.7 million ... More

Small-cap steel stocks turn attractive
Infrastructure boom fuels rally More

Only Vimal’s back!
The iconic brand rolls up its sleeves for a second innings. Opinions vary on its re-launch strategy. More


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