The Hindu Business Line : Tuesday, February 03, 2009

MARKETS

IPOS: SEBI to ease takeover rules; more time to fix IPO price
Timelines for bonuses reduced; dividends to be announced on a per-share basis. Mumbai, Feb. 2 SEBI will amend its takeover regulations to ease the path for a possible acquisition of Satyam Computer and also to provide for such extraordinary ...

RECOMMENDATION: Tata Tea (Rs 593.55): Sell
We recommend a sell on Tata Tea from a short-term trading perspective. It is evident from the charts of Tata Tea that it had been on a medium-term uptrend between late November 2008 and mid January 2009 when it moved from Rs 430 to Rs 635. The ...

RECOMMENDATION: Day Trading Guide
The near-term outlook is bearish for DLF and L&T. We recommend a sell in these stocks. Initiate fresh short-position if ICICI Bank dives below Rs 375, with tight stop-loss. After testing key ...

STOCKS: Slackened growth for India Inc
More companies see contraction in topline. Raw material price swings and interest costs have sizeably dented Corporate India’s profits in the December ...

REGULATORY BODIES & RULINGS: SC to hear SEBI plea to quiz Ramalinga Raju today
The Supreme Court will hear on Tuesday a special leave petition filed by the Securities and Exchange Board of India for a direction to interrogate Mr B. Ramalinga Raju and Mr B. Rama Raju, former Chairman and Managing Director, respectively, ...

REGULATORY BODIES & RULINGS: Market participants welcome SEBI move
Amendments to open offer price norms. Mumbai, Feb. 2 Market participants welcomed markets regulator SEBI’s decision to amend takeover regulations for calculation of open offer price as it is in “the better interest of the long term ...

FINANCIAL SERVICES: IBM in services deal with Religare
IBM is deploying three energy-efficient and green scalable modular data centres in a $3.1-million IT infrastructure services deal with financial services firm Religare Enterprises Ltd. IBM will design, build and maintain the scalable, modular ...

IPOS: Gemini Engi Fab withdraws IPO
Mumbai, Feb. 2 Mumbai-based Gemini Engi Fab has called off its initial public offer on Monday, a day before its scheduled ...

FINANCIAL SERVICES: New ICICI Securities MD takes over
...

STOCKS: Spice Comm stock movement under SEBI lens
Mumbai, Feb. 2 SEBI may examine the abnormal price movements in the shares of Spice Communication after reports that a group company is interest in Satyam Computer. The SEBI Chairman, Mr C.B. Bhave, on Monday said SEBI will look into the ...

DERIVATIVES MARKETS: NTPC sheds open interest
Chennai, Feb. 2 Turnover remained moderate at Rs 34,205.27 crore in the F&O segment. The Nifty Feb future closed weak at 2738 against the spot close of 2766.65, widening the discount to about 28 points. It added about 19.85 lakh shares ...

Columnists: • Harish Bijoor • Ramanujam Sridhar • S Ramesh Kumar • Radhika Chada

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Markets (Feb 02)

Nifty (at close)	2,786.80(-108.15)
US Dollar (Buy/Sell)	48.92/93
Brent crude (a bbl) Rs	2,203
Gold (a gram) Rs	1,302
Silver (a kg) Rs	21,205

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