Business Daily from THE HINDU group of publications
Wednesday, June 25, 2008
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Markets (June 24)
BSE Sensex14106.58 (-186.74)
S&P CNX Nifty4191.10 (-75.30)
US Dollar42.99


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MARKETS

MUTUAL FUNDS
United Bank, Kotak Mahindra tie up
United Bank of India has signed a memorandum of understanding with Kotak Mahindra Asset Management Company for the distribution of its various mutual fund schemes from its branches. The tie-up would enable the bank to offer financial solutions to ... More

STOCKS
Rane Engine Valve drops on re-listing
Mumbai, June 24 Rane Engine Valve Ltd closed at Rs 146.10, according to the data available on the NSE, which is 25 per cent below its opening price of Rs 195 after it was re-listed. This was also the intra-day high the scrip touched, and it ... More

Diversification for Tech Mahindra
Co well placed to tap new opportunity More

STOCK EXCHANGES
Calcutta Stock Exchange hopes to regain its days of glory
Kolkata, June 24 The State, which is expanding its industrial horizon, has a significant stake in the revival of the Calcutta Stock Exchange, the West Bengal Chief Minister, Mr Buddhadeb Bhattacharjee, said here on Tuesday at the centenary ... More

STOCK MARKETS
NSE volatility index jumps to 67.5 intraday
The index spikes above 50 twice in the last 3 sessions More

Mutual funds play it safe with cash
Equity schemes biding time for value picks in falling market More

Nifty July 4000 put added 7.7-lakh shares
Hectic arbitrage play in Reliance Ind More

Life Insurance Corpn to ramp up equity exposure
Investment at market price in 2007-08 rises to Rs 7,51,000 cr More

RECOMMENDATION
TODAY'S PICK (Latest Audio: English/Tamil)
Chambal Fertilisers (Rs 74.80): Sell
We recommend a sell in Chambal Fertilisers & Chemicals from a short-term perspective. From the charts to the stock we note that it had been on a medium-term uptrend from its March 2008 low of Rs 41, till it encountered resistance at Rs 94 in ... More

Day Trading Guide
Fresh short-position can be initiated, if the stock declines below Rs 692, with stiff stop-loss.Infosys The near-term outlook for the stock is bearish. We recommend a sell.More

IPOS
Birla Cotsyn plans Rs 144.18 cr IPO
New Delhi, June 24 The Yash Birla Group’s textile firm Birla Cotsyn will raise up to Rs 144.18 crore through an initial public offering to part-fund the setting up of a new integrated textile unit in Maharashtra. The Mumbai-based firm is ... More






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Radar: Resources elsewhere
Food: Who pays the price (Video)

ADB World Outlook 2008

ADB's Outlook on India

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Railway Budget 2008-2009

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