Business Daily from THE HINDU group of publications
Wednesday, February 06, 2008
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Markets (Feb. 5)
BSE Sensex18663.16 (+2.84)
S&P CNX Nifty5483.90 (+20.40)
US Dollar39.53 (+0.05)


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ANNOUNCEMENTS
Corporate developments
Coromandel Fertilisers Ltd has said that as per the Scheme of Amalgamation of Godavari Fertilisers and Chemicals Ltd (GFCL) with Coromandel Fertilisers Ltd (CFL), shareholders of GFCL will be entitled for 3 ... More

OPEN OFFERS
Piramyd Retail open offer postponed
Mumbai, Feb. 5 Indiabulls Wholesale Services Ltd and Indiabulls Real Estate Ltd have said that the proposed date of the open offer to the shareholders of Piramyd Retail Ltd has been postponed till further notice, the company told the BSE. ... More

STOCKS
Deal win for HCL Infosystems
Increased thrust towards government clients More

Patel Engineering up on order buzz
Dalal Street is yet to price in unconfirmed information, doing the rounds for sometime now, regarding Patel Engineering. In response to Business Line queries, the managing director of the company, Mr Rupen Patel, on Tuesday ... More

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

STOCK MARKETS
FIIs sell $3.2-b worth equities in January alone
Likely to remain cautious; mutual fund buys provide counter-balance More

DERIVATIVES MARKETS
Turnover dips sharply; FIIs participation low
Momentum counters come to the fore More

REGULATORY BODIES & RULINGS
SEBI willing to review share margin requirement system
Seeks clarification from CBDT on short-selling More

RECOMMENDATION
TODAY'S PICK
Omaxe (Rs 311.75): Buy
We recommend a buy in Omaxe from a short-term perspective. From the charts of Omaxe, it is visible that after forming a double-bottom pattern spanning almost four months, the stock broke out of this pattern in late November 2007. Subsequently, ... More

Day Trading Guide
Our short-term outlook for the stock is bearish. We maintain sell recommendation in this counter.Infosys The stock is pausing around the 50-day moving average. We uphold our prior buy recommendation.More

IPOS
Wockhardt Hospitals IPO date extended
The issue could not get expected response More

OUTLOOK
Earnings slowdown raises flag of caution
Strengthens case for more moderate PEs More






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People's car

P-Note blues

Union Budget 2007-08

Railway Budget 2007-2008

Economic Survey 2006-2007

Other Top Stories
‘A vote of confidence in the Indian operations’

Wockhardt Hospitals IPO date extended

Notebooks drive PC market in H1

Cyclonic whirl may drag rain belt to east

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