Business Daily from THE HINDU group of publications
Wednesday, May 07, 2008
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Markets (May 6)
BSE Sensex17373.01 (-117.89)
S&P CNX Nifty5144.65 (-47.60)
US Dollar40.94 (+0.30)


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ANNOUNCEMENTS
Corporate developments
Hindustan Petroleum Corporation Ltd (HPCL) has informed that a section of officers of the Corporation have gone on strike effective 6 a.m. on May 6. The management is having discussions with them to resolve issues that have been raised but ... More

INVESTMENTS
Trustees ‘fiduciary responsibility’ to be highlighted in non-govt PF norms
Trustees of non-government provident funds, superannuation and gratuity funds may not be able to hold the Government responsible for their investments in equity shares going awry. As part of the draft revised pattern of investment, ... More

MUTUAL FUNDS
Fidelity Fund ties up with Federal Bank
More

STOCKS
Bharti Airtel stock dives 5%
Talk of stake acquisition in South African co has investors anxious More

Sweeter numbers from sugar cos
Regulatory intervention, cane prices key risks More

IMPACT
Bharti may see burden in balance sheet
Access to lucrative markets behind the buyout? More

IT stocks gleam again as rupee tumbles
CNX IT Index recovers from day’s low More

REL to trade as Reliance Infrastructure from May 16
Mumbai, May 6 Reliance Energy’s name will change on the stock exchanges to Reliance Infrastructure Ltd with effect from May 16, a NSE circular issued on Tuesday said.Reliance Infrastructure will trade under the symbol RELINFRA, ... More

Real estate stocks register steep dip
Possible slow-down in the sector affects sentiment More

DERIVATIVES MARKETS
Bharti Airtel adds open interest positions amid falling price
Chennai, May 5 Volumes remained depressed around Rs 32,856.62 crore in the F&O segment on the NSE against Monday’s figure of Rs 32,972.85 crore. Nifty May future weak at 5162.95 against the spot close of 5144.65. It added ... More

RECOMMENDATION
TODAY'S PICK (Latest Audio: English/Tamil)
Hind Construction Co (Rs 143.50): Buy
From a short-term perspective we recommend a buy in Hindustan Construction Company. It is evident from the charts that the stock had been on a medium-term sideways consolidation in the range of Rs 111 and Rs 140 (from mid March 2008 to early May ... More

Day Trading Guide
Fresh long position can be initiated if the stock moves above Rs 1,840 level with tight stop-loss.L&TIn line with our expectation, the stock declined in the last trading session. We retain our sell ... More

IPOS
Anu’s Labs IPO price band fixed at Rs 200-210
Mumbai, May 6 Anu’s Laboratories on Tuesday announced that the company will be hitting the capital markets with an IPO of 38.2 lakh equity shares on May 12. The issue will close on May 15, and the company has fixed the price band ... More






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