Business Daily from THE HINDU group of publications
Thursday, May 08, 2008
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Markets (May 7)
BSE Sensex17339.31 (-33.70)
S&P CNX Nifty5135.50 (-9.15)
US Dollar41.35 (+0.41)


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FINANCIAL SERVICES
Stock Holding Corp ties up with Delhi Govt to provide e-stamping
New Delhi, May 7 e-stamping has become a reality in the National Capital Territory of Delhi, with the Delhi Chief Minister, Ms Sheila Dixit, formally launching this new system here today. e-stamping is a secured electronic way of stamping ... More

NEW FUND OFFER
Kotak Mahindra Mutual Fund launches Sensex ETF
Mumbai, May 7 Kotak Mahindra Asset Management Company has launched an exchange traded fund called Kotak Sensex ETF. The scheme will focus on investing in the stocks that comprise the BSE Sensex. The investment objective of the scheme ... More

STOCKS
BHEL, Larsen &Toubro drag Capital Goods index
Profit booking, high valuations cited as reasons More

Cairn India hits new high on record oil price
Mumbai, May 7 Cairn India shares moved up to a new high on Wednesday, gaining 7.5 per cent, spurred by the rise in the international crude price, that touched a record high of $122 per barrel.Supply-related ... More

IMPACT
Exports, new capacity drive Praj numbers
Margins expand strongly More

NSE revises price band of 286 stocks
Mumbai, May, 7 The price bands of the securities of 286 companies listed on the NSE have been revised with effect from Thursday, a circular issued by the exchange said.In case of 282 companies the price band has been moved upward and ... More

DERIVATIVES MARKETS
Cairn India, Shree Renuka hog limelight
Short covering helps in Nifty recovery More

FOREIGN INSTITUTIONAL INVESTORS
India is one of the most attractive places for investments: Merrill Lynch
Mumbai, May 7 India is one of the most attractive places for investments, in relation to the rest of the world, said Mr John Thain, Chairman & CEO of Merrill Lynch, at a news briefing here on Wednesday.India will be relatively less ... More

RECOMMENDATION
TODAY'S PICK (Latest Audio: English/Tamil)
Lloyd Electric & Engg (Rs 125.10): Buy
We recommend a buy in Lloyd Electric & Engineering from a short-term perspective. The charts of the stock show that it has been on a medium-term uptrend from its 52-week low of Rs 89.25 (touched in late March 2008). While trending up, the ... More

Day Trading Guide
Fresh short-position can be initiated if the stock declines below Rs 900 with a tight stop loss.Infosys At higher levels, the stock is experiencing selling pressure. Utilise rallies to sell the stock with stop ... More

IPOS
Aishwarya Tele lists at 43% premium
Aishwarya Telecom Ltd, a manufacturer of test and measurement instruments, on Wednesday listed on the BSE at Rs 50.10, as against its issue price of Rs 35 per share, which is a premium of 43.14 per cent. The scrip closed at Rs 90.85 on ... More






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