Business Daily from THE HINDU group of publications
Friday, July 04, 2008
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Markets (July 03)
BSE Sensex13094.11 (-570.51)
S&P CNX Nifty3925.75 (-167.60)
US Dollar43.32 (+0.12)


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ANNOUNCEMENTS
Corporate developments
Coimbatore, July 3 Finolex Industries Ltd’s new PVC pipe manufacturing plant in Ursc village in Pune district, Maharashtra, is fully operational and the aggregate installed capacity for manufacturing of PVC pipes of ... More

STOCKS
IMPACT
Policy proposals may help sugar realisations
Decontrol of cane pricing and sourcing more crucial More

Short covering helps public sector banks recover
Private sector banks fall sharply More

DERIVATIVES MARKETS
Nifty futures add fresh short positions
Sharp drop in RPL open positions More

FOREIGN INSTITUTIONAL INVESTORS
Sensex plunges 570 pts
Mumbai, July 3 Stock markets suffered another major fall on Thursday, wiping out most of yesterday’s gains. Crude touching $146 a barrel coupled with poor job data in US dampened sentiment in all major markets.The BSE ... More

ALLIANCES & JOINT VENTURES
RMoney joins hands with Riyada Consulting for Saudi Arabia foray
Mumbai, July 3 Reliance Money, the broking and distribution outfit of the Reliance Anil Dhirubhai Ambani Group, has forayed into Saudi Arabia by launching a new company ‘Riyada Reliance Money (RRM)’ in collaboration with the ... More

RECOMMENDATION
TODAY'S PICK (Latest Audio: English/Tamil)
United Phosphorus (Rs 267.25): Sell
We recommend a sell in United Phosphorus from a short-term perspective. It is evident from the charts of United Phosphorus that after an uptrend (from its March low) the stock encountered resistance at around Rs 360 in May level and commenced a ... More

Day Trading Guide
Initiate fresh short-position, only if the stock declines below its 52-week low of Rs 551 with tight stop-loss. Infosys Sell the stock, if it declines below Rs 1,734, with stiff stop loss.More

IPOS
More than two-thirds of IPO stocks rule weak
Market crash takes toll on new listings More

IPOs: Emerging markets at forefront during Q1
Financial turmoil affects global IPO markets More

Avon Weighing lists at 39% premium
Avon Weighing Systems, maker of platform scales and weighbridges, made its debut on the BSE on Thursday at a premium of 39 per cent at Rs 13.90 cent against its issue price of Rs 10. The share price went to a low of Rs 11.35, a high of ... More

VENTURE CAPITAL
6 firms in UTI Ventures portfolio touch $1 b m-cap
Hyderabad, July 3 UTI Ventures, which currently manages two funds close to $250 million, now has over six firms with a market capitalisation of $1 billion and above each, according to its Chief Executive Officer, Mr Raja Kumar. Buoyed ... More






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

ADB World Outlook 2008

ADB's Outlook on India

Union Budget 2008-09

Railway Budget 2008-2009

Economic Survey 2007-2008

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