The Hindu Business Line : Tuesday, November 27, 2007

ANNOUNCEMENTS
Corporate developments
Kpit Cummins Infosystems Ltd has approved allotment of 1,510,877 equity shares of Rs 2 each to Cummins Inc, USA, on preferential basis against a cash consideration of $5 million, at a price of Rs 130.09 per share.More

NEW FUND OFFER
Kotak Mahindra launches infrastructure fund
To be benchmarked against Nifty and MSCI World Index More

MUTUAL FUNDS
Reliance gold fund makes premium debut
Mumbai, Nov 26 Reliance Gold Exchange Traded Fund, an open ended fund, made its debut on the NSE today opened at a premium of 5.03 per cent. It opened at Rs 1,069 and this was also the highest price it touched during the day. While it touched ... More

STOCKS
Jaiprakash Associates stock-split
Coimbatore, Nov. 26 Jaiprakash Associates Ltd has fixed December 26 as the record date for the purpose of split of equity shares of face value of Rs 10 to Rs 2 per share. Shares of the company closed at Rs 1,679.35, up 3.28 per cent on the BSE ... More

PTC diversification plans seen positive
Would help the company stay on the growth path More

Stone India in limelight
Stone India, a GP Goenka group outfit manufacturing railway components, is chugging ahead on Dalal Street on slow, but steady accumulation. According to market sources, expectations have gone up after its technical tie-up in October with Sumitomo ... More

TECHNICAL ANALYSIS
Bull domination
Monday’s trading witnessed bull domination. The sentiment reading of the tradable counters remains bullish. Bear move on Tuesday is likely to change the sentiment reading in their favour. On the contrary, the current sentiment reading is ... More

STOCK MARKETS
Dow, Asian markets drive up Sensex 395 points
Mumbai, Nov 26 The week began on a positive note on the bourses with heavy buying in frontline stocks pushing up the Sensitive Index, Sensex, by 394.67 points on Monday. Dealers said positive global cues and short covering by operators, ... More

DERIVATIVES MARKETS
Nifty futures roll-over improves to 22%
Turnover improves in derivatives More

FOREIGN INSTITUTIONAL INVESTORS
Rising rupee and curbs on FII inflows
More

RECOMMENDATION
Today's Pick: Cairn India (Rs 211.05)
We recommend a buy in Cairn India at current levels. From the charts of Cairn India, we note that it has been on a long-term uptrend since its IPO in early January 2007. However, the stock touched its life high at Rs 230 in early November and ... More

Day Trading Guide
In the last session, the stock lost most of its initial gains and is facing resistance at Rs 1,207. Sell the stock in rallies with stop-loss at Rs 1,210. Infosys Daily momentum indicators are portending a short-term rally. ... More