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Tuesday, July 22, 2008
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FINANCIAL MARKETS: Markets cautious ahead of vote
Stocks, rupee and bonds look up on stable crude, positive global cues. Mumbai, July 21 Amid the steady stream of reports of hectic political parleying and horse trading in the Capital, the financial markets on Monday closed on a cautiously ...

RECOMMENDATION: Indian Bank (Rs 101.80): Buy
We recommend a buy in Indian Bank from a medium-term perspective. From the charts of Indian Bank we observe that it had been on an intermediate-term down trend from its February high of Rs 256 till it recorded its 52-week low of Rs 78 on July ...

MUTUAL FUNDS: One-year return turns negative for most diversified schemes
Many under-perform their benchmark indices: Analysts. Mumbai, July 21 One year may not be a long enough time for judging the performance of equity-related investment schemes, particularly in a bearish market. Yet, for a retail investor who has ...

FOREIGN INSTITUTIONAL INVESTORS: Foreign brokerages turn cautious on India outlook
Fund houses cite inflation, fiscal deficit as major worries. Mumbai, July 21 Recent developments in the country have made many foreign brokerages turning rather bearish review on India’s macroeconomic outlook. Inflation has reached new ...

FINANCIAL PERFORMANCE: IL&FS Investment Managers standalone net up 64%
IL&FS Investsmart reports fall in profit. Mumbai, July 21 IL&FS Investment Managers Ltd, the private equity investment arm of IL&FS, today reported a 63.7 per cent jump in its standalone net profit at Rs 9.5 crore against Rs 5.8 ...

REGULATORY BODIES & RULINGS: SEBI passes consent order in Polaris, Anagram case
Kolkata, July 21 The Securities and Exchange Board of India has, through a consent order on Monday, disposed of proceedings against Mr Arun Jain, CMD of Polaris Software Labs, for alleged insider trading charges involving shares of the ...

FINANCIAL SERVICES: Edelweiss appoints Siby Antony as Executive V-P
New Delhi, July 21 Edelweiss Capital on Monday announced the appointment of Mr Siby Antony as Executive Vice-President and head of the distressed assets business of Edelweiss Alternate Asset Advisors (EAAA), which is its alternative ...

STOCKS: Higher costs trim UltraTech’s margins
Sales growth indicates reasonable demand. After reporting strong profit growth in the previous quarter, UltraTech Cement has faced a setback in performance in the June quarter. For the first quarter of financial year 2008-09, Ultra Tech ...

STOCKS: Improved product mix, cost control help SAIL
Expansion of distribution network pushes up sales volumes. In spite of considerable cost pressures and a decision to hold the price line, SAIL has achieved a sales growth of 37 per cent and profit growth of 20 per cent for the quarter ended ...

DERIVATIVES MARKETS: Nifty July future turns into premium
Most stock futures shed open interest. Chennai, July 22 Trading volume remained modest at above Rs 43,942.21 crore on Monday. The Nifty future turned into premium for the first time since May; it now commands a premium of about six points over ...






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Commodities & Currency (July 21)
Gold (per gram) Rs1,237
Silver (per gram) Rs27.90
Brent crude (per bbl) Rs5,519
US Dollar (Buy/Sell)42.68/69

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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

In Focus
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