The Hindu Business Line : Tuesday, January 08, 2008

ANNOUNCEMENTS
Corporate developments
Coimbatore, Jan. 7 Advanta India Ltd has acquired the business of Unicorn Seeds Ltd by acquiring 100 per cent shares in the company for Rs 65 crore that includes deferred payment based on achievement ... More

MUTUAL FUNDS
Gold ETFs outperform physical gold
Trading volumes remain thin despite gold hitting peak More

Govt clarifies on public sector MFs
New Delhi, Jan. 7 The Government has clarified that a mutual fund should have more than 50 per cent holding by State-owned financial institutions or banks (individually or collectively) and also has to be regulated by the Securities and ... More

STOCKS
FMCG stocks shine
Mumbai, Jan. 7 There seems to be a reversal of fortune happening in the fast moving consumer goods sector with the BSE-FMCG index hitting its 52-week high on Monday.While the benchmark index went up by 0.61 per cent on Monday, BSE-FMCG ... More

Cigarette stocks up on FDI buzz
Cigarette stocks were up Monday on market expectations that the Government may soon review policy on FDI in cigarettes.The Sensex component ITC, which even after diversification continues to be predominantly a tobacco play, moved up 5.5 ... More

Improving clout with advertisers
Sun TV ad rate hike More

Pfizer deal lends revenue visibility to Hikal
Contribution expected from Q3 More

TECHNICAL ANALYSIS
Bulls prevail
Bulls prevailed over Monday’s trading activity. 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 ... More

DERIVATIVES MARKETS
RNRL, ITC steal limelight
Nifty future turns to premium More

RECOMMENDATION
Today's Pick: Goodyear India (Rs 186.55)
We recommend a buy in Goodyear India. From the weekly chart of Goodyear India, we note that after making an all-time high of Rs 215 (in June 2007), the stock had been on a downtrend to a low of Rs 151. The stock found support at Rs 151(which is ... More