The Hindu Business Line : Tuesday, November 10, 2009

MARKETS

PUBLIC OFFER: Institutions get a free hand in follow-on issue pricing
SEBI board moots separate trading platform for SMEs. Mumbai, Nov. 9 The Securities and Exchange Board of India (SEBI) on Monday decided to introduce the “pure auction” method of book building in ‘Follow on Public Offers’ ...

ASSET MANAGEMENT COMPANIES: UTI sponsors offload 6.5% stake each
Mumbai, Nov. 9 The four original sponsors of UTI Asset Management Company have disinvested 6.5 per cent stake each to the US-based fund house T Rowe Price Global Investment Services for a collective consideration of around Rs 650 ...

RECOMMENDATION: Fedders Lloyd Corp (Rs 72.5): Buy
Investors with a short-term trading perspective can buy Fedders Lloyd Corporation at current level. Short-term trend in the stock is bullish. It has been moving up vertically without any correction since October 6. Momentum indicators in ...

RECOMMENDATION: Day Trading Guide
Initiate fresh long position only if DLF surpasses Rs 403 with stiff stop-loss. ICICI Bank and SBI witnessed buying interest in the last trading session. Fresh long position is ...

PUBLIC OFFER: Marketmen welcome removal of cap for FPOs
Merchant bankers keen to see its impact on PSU offers. Mumbai, Nov. 9 SEBI’s removal of the cap price for follow-on public offerings is a fantastic idea, according to Mr Dara Kalyaniwala, VP-investment banking at Prabhudas Lilladhar ...

MUTUAL FUNDS: Modest valuation of UTI stake sale could set a benchmark
Transaction values UTI Mutual Fund at about 3.3% of assets managed. BL Research Bureau The deal for sale of a 26 per cent stake in UTI Mutual Fund, one of the country’s largest fund houses, to investment management giant T. Rowe Price may ...

ECONOMIC OFFENCES: SEBI board annuls committee orders on NSDL in IPO scam
Mumbai, Nov. 9 The SEBI Board on Monday declared as “non-est” (non-existent in the eyes of the law) two of three orders passed last December by a specially constituted committee to dispose of the regulator’s proceedings ...

STOCKS: Bank stocks see renewed interest
Kolkata, Nov. 9 Bank stocks on Monday led the upward momentum on Dalal Street. The BSE Bankex gained most among the sector indices by improving 4.8 ...

FOREIGN INSTITUTIONAL INVESTORS: Value unlocking
The four public sector institutions selling stakes to T. Rowe Price will net a total of Rs 650 crore from their sale of 6.5 per cent stake each in UTI Asset ...

DERIVATIVES MARKETS: Suzlon sheds 25 lakh shares
Chennai, Nov. 9 Turnover remained moderate at Rs 73,802.2 crore on Monday. The Nifty Nov futures closed in premium at 4906.1 against the spot close of 4898.4 and added 2.96 per cent in ...

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

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Markets (Nov 09)

Nifty (at close)	4,898.40 (+108.25)
US Dollar (Buy/Sell)	46.45/46
Brent crude (a bbl) Rs	3,542
Gold (a gram) Rs	1,572
Silver (a kg) Rs	28,850

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