Financial Daily from THE HINDU group of publications
Saturday, January 07, 2006
Markets (January 6)
BSE Sensex9640.29 (+22.55)
S&P CNX Nifty2914 (+14.15)
US Dollar (Buy/Sell)44.53/69.78


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FINANCIAL SERVICES


NSE expels Rusoday Securities
MUMBAI: The National Stock Exchange has said that it expelled the trading member Rusoday Securities Ltd due to the company's failure in meeting the deposit requirements for trading membership. "The trading facility of the member was ... More

STOCKS


HK Finechem's robust bottomline woos investors
THE HK Finechem stock made a smart move to close at Rs 54.50 today with a gain of around 4.71 per cent on the BSE. In the last one week it has improved by 17.33 per cent on the exchange. The Ahmedabad-based company manufactures oleo chemicals ... More

Nelco stock dips
DESPITE announcements during market hours that Nelco had become of subsidiary of Tata Power through a stake acquisition, the stock dipped on the back of gains in the previous three trading sessions. The stock has gained about 210 per cent since ... More

Punj Lloyd lists at 51% premium
SHARES of engineering construction company Punj Lloyd made its debut on the stock markets on Friday at 51.11 per cent premium to close at Rs 1,057, compared to the issue price of Rs 700 per share. Punj Lloyd was the most actively traded stock ... More

SSI in takeover mode
CHENNAI: SSI Ltd has informed the stock exchange of a meeting of the board of directors of the company that will be held on January 9 to consider various investment opportunities in other bodies corporate to augment the company's ... More

NCC allots shares under GDR green shoe
NAGARJUNA Construction Company Ltd (NCC) has informed the stock exchanges that the executive committee of its board of directors at its meeting held on Thursday has accorded approval for allotment of 29.35 lakh equity shares underlying the global ... More

TECHNICAL ANALYSIS


Unstable movement
Bear domination on Monday is likely to change the sentiment reading in their favour. Click here for table On the contrary, the prevailing bullish sentiment is likely to be further strengthened with ... More

STOCK MARKETS


Mysore Cement gains on CDR hopes
MYSORE Cement was locked in the upper circuit on Friday. The stock rose 10 per cent at Rs 29.40 on the BSE with a volume of 14.25 lakh shares; On the NSE, it posted a gain of 10 per cent at Rs 29.40 with a volume 25.31 lakh shares. Dealers ... More

FOREIGN INSTITUTIONAL INVESTORS


CAG Tech (Mauritius) offloads 2.05% in Agro Tech Foods
AGRO Tech Foods Ltd (ATFL) has informed the stock exchanges that CAG Tech (Mauritius) Ltd has sold 4,99,831 shares aggregating 2.05 per cent of the total paid-up capital of the company on January 4. Following this, the shareholding of CAG Tech ... More

REGULATORY BODIES & RULINGS


SEBI hopes to get full picture on Clause 49 compliance in 15 days
THE Securities and Exchange Board of India (SEBI) expects to get a precise picture in the next 15 days of the extent of corporate India's compliance with regard to the revised Clause 49 of the listing agreement that came into effect from January ... More

COMMENTARY


Metal stocks hog limelight on volatile day
AFTER relentless buying on Thursday, markets came in for sharp volatility and ended the week on a flat note. The Sensex closed with a gain of 22.5 points, while the Nifty was up by 14.1 points. Click here for ... More

IPOS


Tulip IT Services: 25 p trades to be settled at Rs 171.15
THE BSE today said some trades executed at 25 paise in the shares of Tulip IT Services on Thursday will not be settled at this rate. The exchange said trades executed below Rs 96 would be transacted at Rs 171.15. This means that investors who ... More

ECONOMIC OFFENCES


Govt to be tough with scamsters — IPO scam should not be repeated: Chidambaram
THE Government will take stringent action in the recent IPO scam, in which one individual used multiple demat accounts to buy shares. It will simultaneously work on improving the system to detect such risks, the Union Finance Minister, Mr P. ... More
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