Business Daily from THE HINDU group of publications
Wednesday, December 19, 2007
ePaper | Mobile/PDA Version
Markets (Dec. 18)
BSE Sensex19079.64 (-181.71)
S&P CNX Nifty5742.30 (-37.40)
US Dollar39.58 (+0.18)


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ANNOUNCEMENTS
Corporate developments
Coimbatore, Dec. 18 National Mineral Development Corporation Ltd’s Board of Directors will meet on December 27 to consider the issue of bonus shares, splits, etc.PSL Ltd’s board has ... More

FINANCIAL SERVICES
Geojit begins operations in Saudi
Kochi Dec. 18 Aloula Geojit Brokerage Company has commenced operations in Saudi Arabia after obtaining final clearance to start stock broking operations there. The operations will be scaled-up and they will become full-fledged from April ... More

Société Generale, Ambit join hands for M&A deals
Mumbai, Dec. 18 Société Générale Corporate & Investment Banking and Ambit, an independent Indian Investment Bank, signed a co-operation agreement to offer advisory services to their respective European and Indian ... More

Networth Stock pref issue
The Mumbai based Networth Stock Broking Ltd said on Monday that several strategic investors have picked up stake worth Rs 49.79 crore through preferential issue of equity shares and convertible warrants. The strategic investors are DSP HMK ... More

STOCKS
Dwarikesh Sugar gets volume boost
Will enable it to better utilisation of by-products More

Order win may help Subex go up value chain
Could help geographical diversification as well More

TECHNICAL ANALYSIS
Volatile movement
Tuesday’s trading activity witnessed volatile movement. The sentiment reading of the tradable counters remains bearish. Bull move on Wednesday is likely to change the sentiment reading in their favour. On the contrary, the current ... More

STOCK EXCHANGES
Delhi Stock Exchange governing board elections after 4 years
More

STOCK MARKETS
Sensex slips further in volatile trading
Mumbai, Dec. 18 Selling pressure continued on the bourses on the second day as FIIs turned net sellers. Benchmark index Sensex dipped 0.49 per cent and closed the day at 19,079.64 losing 181.71 points, whereas S&P CNX Nifty fell ... More

Aviation, hospitality stocks ride high
May maintain winning streak as tourism booms More

Essar Oil, Ispat Ind in limelight
IFCI price, open interest fall More

RECOMMENDATION
Today's Pick: SpiceJet (Rs 69.30)
We recommend a buy in SpiceJet at current market price. From the weekly chart of SpiceJet, we note that it has been on a broad sideways consolidation between Rs 50 and Rs 65 since early June 2007. On December 17, the stock broke out of ... More

Day trading guide
Inline with our expectation, the stock declined in the last session and has penetrated the medium-term up trendline. We reaffirm our sell recommendation.Infosys The stock is pausing at current price levels by ... More






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