Business Daily from THE HINDU group of publications
Tuesday, April 29, 2008
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Markets (April 28)
BSE Sensex17015.96 (-110.02)
S&P CNX Nifty5089.65 (-22.05)
US Dollar40.19 (+0.04)


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ANNOUNCEMENTS
Corporate developments
Coimbatore, April 28 MindTree Consulting Ltd has signed a multi-year IT offshoring agreement with ArcelorMittal. Under this agreement, MindTree will deliver IT services to ArcelorMittal’s Western European operations in ... More

MUTUAL FUNDS
Reliance Power puts IPO money in MFs
Mumbai, April 28 Reliance Power Ltd, which raised Rs 11,562 crore in its IPO in January last, has temporarily parked almost the entire money in mutual funds. The 2007-08 financial results declared by the company on Monday show that Rs ... More

STOCKS
Short selling: Only a few takers so far
Just 3 scrips figured in the first week on NSE More

IMPACT
HUL matches smaller rivals in sales growth
Challenges to margins remain More

IMPACT
TRAI recommendations on foreign investment
Fillip to news broadcasters More

TECHNICAL ANALYSIS
Bull run arrested
Bull run was arrested during Monday’s trading activity. However, the sentiment reading of the tradable counters remains bullish. Bear domination on Tuesday is likely to change the sentiment reading in their favour. On the contrary, the ... More

FINANCIAL PERFORMANCE
Indiabulls Securities Q4 net up at Rs 53 cr
India Infoline’s PAT jumps 102% More

STOCK MARKETS
Cautious stance
More

DERIVATIVES MARKETS
Stock futures shed open interest positions
Lowest turnover in this year More

FOREIGN INSTITUTIONAL INVESTORS
Deutsche Bank arm to invest $1b in realty, infrastructure
Plans joint venture with Nagarjuna Group co for Hyderabad project More

Blackstone may invest $18 m in Synergy Property
Mumbai, April 28 Blackstone Real Estate Partners, an affiliate of the Blackstone Group L.P., will invest about $18 million for a minority stake in Bangalore-based Synergy Property Development Services.The Blackstone Group L.P. is a ... More

RECOMMENDATION
TODAY'S PICK (Latest Audio: English/Tamil)
Cipla (Rs 215.15): Sell
We recommend a sell in Cipla from a short-term perspective. From the charts of Cipla, we see that the stock had been on medium-term uptrend from its January 2008 low of Rs 161, till it encountered resistance at around Rs 230 level recently. ... More

Day Trading Guide
After nearing our second resistance, the stock reversed and began to decline forming a dark cloud candlestick pattern on Monday’s session. We recommend a sell. Infosys The stock failed to surpass the ... More






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Radar: Resources elsewhere
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