Business Daily from THE HINDU group of publications
Tuesday, March 25, 2008
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Markets (March 24)
BSE Sensex15289.40 (+294.57)
S&P CNX Nifty4609.85 (+35.90)
US Dollar40.34 (-0.15)


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MARKETS

ANNOUNCEMENTS
Corporate developments
Coimbatore, March 24 Cambridge Technology Enterprises Ltd’s Board of Directors approved the acquisition of Cell Exchange Inc, a Delaware Corporation, USA by the company’s 100 per cent wholly owned US subsidiary ... More

INSIGHT
Bear on the prowl
More

STOCKS
ADAG stocks on downhill
Weak R-Power listing also affects sentiment, say marketmen More

Steel stocks fall on talk of export tax
Price regulation to check inflation could affect cos’ growth: Analysts More

Aurobindo’s buy to enable access to Italian market
Products enjoy higher margins than existing biz More

Welspun Guj: Strengthening order position
The recent order bagged by Welspun Gujarat for supply of spiral pipes worth Rs 1,075 crore in Northern Africa reiterates confidence in the company’s growth prospects. This order, which was bagged against competition from players in ... More

Great Offshore mulls buyback
Mumbai, March 24 Great Offshore, an integrated offshore oilfield services provider, proposes to go in for a buy-back of shares. The board of directors of the company will meet on March 31 to consider the proposal, the company said in a ... More

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

STOCK MARKETS
Losses to set off against profits?
Chennai, March 24 Did you wonder why there were so many red ticks on the trading terminals even though the Sensex was up by 300 points on Monday? For every advancing share, there were four with declining prices. Which means that while the big ... More

DERIVATIVES MARKETS
Momentum counters lose steam
Premium widens for Nifty futures More

FOREIGN INSTITUTIONAL INVESTORS
Mid-cap stocks plummet on FII selling
Merrill Lynch, Citigroup, Morgan Stanley offload major holdings More

RECOMMENDATION
TODAY'S PICK (Latest Audio: English | Tamil)
Hindustan Unilever (Rs 235): Buy
We recommend a buy in the Hindustan Unilever stock from a short-term perspective. It is evident from the charts of Hindustan Unilever that the stock has been on a medium-term uptrend since its January 2008 low of Rs 170 (52-week low). During ... More

Day Trading Guide
The stock has formed a spinning top candlestick pattern in the last trading that indicates indecisiveness. Avoid initiating buy or sell positions in this stock for the session. L&TThe daily Relative ... More

RIGHTS ISSUE
Shoppers’ Stop to stick to core business
‘Not to enter financial services sector’ More






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