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Thursday, November 19, 2009
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RECOMMENDATION: Essar Shipping (Rs 70.4): Buy
We recommend a buy in the stock of Essar Shipping Ports and Logistics from a short-term perspective. The stock’s 11.5 per cent jump accompanied with heavy volume on November 18 strengthened its bullish momentum. Following a medium-term ...

RECOMMENDATION: Day Trading Guide
DLF is moving sideway in a narrow range. Avoid trading in this counter for the session. Utilise rallies to sell ICICI Bank with tight stop-loss at Rs 918. As long as Infosys trades above ...

REGULATORY BODIES & RULINGS: ‘No consensus on longer market hours’
Mumbai, Nov. 18 There is no consensus among market participants on extension of market hours, something recently permitted by Securities and Exchange Board of India, said Mr Ravi Narain, Managing Director of NSE, here ...

STOCK MARKETS: India-focused hedge funds lose steam
Assets under management up at $1.45 trillion. Hedge fund investments in India lagged global hedge fund benchmarks last month, with the EurekaHedge India index recording negative returns after consecutive months ...

FOREIGN INSTITUTIONAL INVESTORS: Large FII inflows not a concern for now: Pranab
‘Govt will take action to counter any distortions’. New Delhi, Nov. 18 The Finance Minister, Mr Pranab Mukherjee, said on Wednesday that though the huge foreign capital inflows are not a concern for now, the Government is monitoring ...

STOCKS: Exide falls on equity dilution fears
Co’s board okays issue of five crore shares to institutional investors. Kolkata, Nov. 18 Exide Industries is planning to raise funds through private placement of fresh issue of equity shares or other equity derivatives to tap future ...

IPOS: ONGC-GAIL venture plans public issue
Mumbai, Nov. 18 ONGC Petro-additions (OPaL), the petrochemicals special purpose vehicle of the Oil and Natural Gas Corporation, is exploring the option of a public issue to part-finance its Rs 12,500-crore petrochemical chemical complex ...

DERIVATIVES MARKETS: Futures of steel counters hog limelight
...

IPOS: Kumar Builders plans IPO to raise Rs 450 cr
Mumbai, Nov. 18 Pune-based Kumar Builders plans to raise Rs 450 crore through an initial public offering. It has filed its draft red herring prospectus ...


Columnists: Harish Bijoor Ramanujam Sridhar S Ramesh Kumar Radhika Chada




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Markets (Nov 18)
Nifty (at close)5,054.70(-7.55)
US Dollar (Buy/Sell)46.22/23
Brent crude (a bbl) Rs3,620
Gold (a gram) Rs1,611
Silver (a kg) Rs29,590

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In Focus
Nano - The People's Car

Mandate 2009

Who is hiring?

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Shareholders, board should decide on managerial pay

Large FII inflows not a concern for now: Pranab

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Looking back
Nov. 8-Nov. 14
‘Shareholder democracy’ has long way to go in India

Modest valuation of UTI stake sale could set a benchmark

SEBI bars Pyramid Saimira from accessing market for 7 years

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Buying Brazilian sugar grower fits well with Renuka’s strategic plan

Gujarat broker opens window to global market

Nomura buys L&T stake in Mahindra Satyam




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