The Hindu Business Line : Wednesday, August 13, 2008

MARKETS

RECOMMENDATION: Hindustan Unilever (Rs 242.95): Sell
We recommend a sell in Hindustan Unilever from a short-term perspective. It is evident from the charts of the company that it was on an up move from the support level of Rs 190 from early July. This up move got arrested after encountering ...

STOCK EXCHANGES: NSE gets SEBI’s nod for currency futures trading
Conducts mock trade for IPO arrangement. Mumbai, Aug. 12 Capital markets’ regulator SEBI has given the nod to NSE to offer currency futures ...

STOCKS: Hindustan Unilever gains in a dull market condition
Hopes of co hiking tea prices trigger buying interest. Kolkata, Aug. 12 Hindustan Unilever, the biggest listed FMCG player, which has turned ex-dividend recently, today finished in the green while the benchmark index closed in the red. The ...

FOREIGN INSTITUTIONAL INVESTORS: Goldman Sachs to invest $20 m in SpiceJet
New Delhi, Aug. 12 Goldman Sachs is to invest $20 million (Rs 76 crore) in the low cost airline SpiceJet by subscribing to equity warrants of the company under Securities and Exchange Board of India (SEBI) preferential issue ...

IPOS: Avesthagen revives IPO plan; red herring to be filed soon
Signs pact with ICMR to explore traditional medicine. Bangalore, Aug 12 Avesthagen’s initial public offering plan, of at least two years, appears to be on track. ...

STOCK MARKETS: For marketmen, IIP numbers are in line with expectations
Focus now shifts to SEBI board meeting. The Index of Industrial Production (IIP) figure of 5.4 per cent for the month ended June 30, 2008, was more or less in line with the market expectation. “The June IIP was in line with the consensus ...

STOCKS: Cost pressure weighs on FMCG sector
Among 13 stocks in the BSE FMCG Index, on Tuesday, five gained marginally, while the remaining declined a bit, suggesting no clear directional call, even though the index beat the benchmark index. In the last one-month period, the index has ...

FINANCIAL SERVICES: Govt mulls common appellate tribunal for financial services
New Delhi, Aug. 12 The Government is toying with the idea of putting in place a Common Financial Services Appellate Tribunal (CFSAT) to hear appeals against orders passed by various regulators in the financial ...

STOCKS: Trent deal with Tesco, a positive
But growth still hinges on execution. After trying to get a foothold into the Indian retail market for the last three years, Tesco has finally announced its entry. ...

STOCKS: Shot in the arm for Panacea
UNICEF order revenues to show from Q3. Panacea Biotec’s $34.2 million (approx. Rs 143 crore) order from UNICEF is expected to boost the vaccine maker’s second half earnings. Panacea clocked sales of Rs 849 crore last year. ...

DERIVATIVES MARKETS: Chambal Fertilizers’ open positions zoom
Tata Steel, Infy fall sharply. Chennai, Aug. 12 Turnover picked up sharply to Rs 52,641.81 crore from Monday’s figure of about Rs 39,700 crore. The Nifty August future closed at 4560.45 against the spot close of ...

ANNOUNCEMENTS: Corporate developments
Coimbatore, Aug. 12 Biocon Ltd’s Board of Directors has fixed September 12 as the record date for the issue of bonus shares at 1:1 ...