Business Daily from THE HINDU group of publications
Wednesday, March 12, 2008
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Markets (March 11)
BSE Sensex16123.15 (+199.43)
S&P CNX Nifty4865.90 (+65.50)
US Dollar40.48 (-0.08)


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ANNOUNCEMENTS
Corporate developments
Coimbatore, March 11 The name of Bajaj Auto Ltd will be changed to Bajaj Holdings & Investment Ltd and the trading symbol of the company will be changed from BAJAJAUTO to BAJAJHLDNG w.e.f. March 14. More

INVESTMENT BANKING
Merchant bankers told to respond to complaints directly
Mumbai, March 11 SEBI has directed merchant bankers to directly respond to investor complaints pertaining to IPOs, instead of merely forwarding the issuer company’s answers to such complaints.In case there is an inadequate ... More

FINANCIAL SERVICES
Motilal Oswal opens new dealing room in Mumbai
‘Centralised dealing, advisory will help provide superior customer experience’ More

MUTUAL FUNDS
Federal Bank, Birla Sun Life tie up
More

TECHNICAL ANALYSIS
Bulls prevail
Bulls prevailed over Tuesday’s trading activity. However, the sentiment reading of the tradable counters continues to remain bearish. Bull domination on Wednesday is likely to change the sentiment reading in their favour. On the ... More

STOCK MARKETS
Mutual funds’ cash holdings improve marginally
Fund managers reluctant to invest More

IMPACT
Tata Motors: Funding new launches
Possible equity expansion in the offing More

DERIVATIVES MARKETS
Shree Renuka Sugars turns volatile
Momentum counters back in action More

RECOMMENDATION
TODAY'S PICK (Latest Audio: English | Tamil)
Bajaj Hindusthan (Rs 237.15): Buy
We recommend a buy in Bajaj Hindusthan from a short-term perspective. It is evident from the charts of Bajaj Hindusthan, that following a steep fall from Rs 399 to Rs 117 in short period of nine trading sessions (from January 9 to 22), the stock ... More

Day Trading Guide
Initiate fresh short-position if the stock declined below Rs 1,400 with tight stop-loss.L&TA significant resistance is at Rs 3,000. Sell the stock if it reverses from this resistance level. More

IPOS
SEBI receives 2,261 complaints on RPower IPO
Mumbai, March 11 The Securities and Exchange Board of India has received a large number of complaints from retail investors against Reliance Power Ltd IPO, this was disclosed in Parliament on Tuesday. Till March 3, 2008, SEBI has ... More

Kiri Dyes IPO price band fixed at Rs 125-150
Ahmedabad, March 11 The Ahmedabad-based Kiri Dyes and Chemicals Ltd (KDCL), manufacturer and exporters of dyes and dyes intermediates, is entering the capital market with its initial public offering (IPO) of 37.5 lakh equity shares of face ... More

Ratnagiri Gas to tap capital market by year-end
Plans to raise Rs 1,000 cr to repay debt More






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