Business Daily from THE HINDU group of publications
Tuesday, October 24, 2006
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Markets (Oct 23)
BSE Sensex12623.28(-113.51)
S&P CNX Nifty3657.30 (-26.20)
US Dollar (Buy/Sell)45.41 (+0.07)


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MARKETS

STOCKS
Fertiliser stocks shine
Most fertiliser stocks have witnessed upsurge in price as well as in volumes in recent times on expectations that demand for fertilisers is likely to go up due to good monsoon. According to a section of the market, most fertiliser companies are ... More

Sweet news for sugar stocks?
Sugar stocks gained sharply on Monday despite across-the-board weakness in the market. Market talk has it that the Government may soon lift, or relax, the sugar export ban on the back of increased productivity. In July, the Centre had banned ... More

TECHNICAL ANALYSIS
Bear domination
Bears dominated Monday's trading activity. The sentiment reading of the tradable counters changed to bearish. Bull move on Thursday is likely to change the sentiment reading to bullish. On the other hand, the bearish sentiment is likely to be ... More

STOCK MARKETS
Weak start
POST-MOORAT: Worried stockbrokers as the BSE Sensex closed over 100 points down in Mumbai on Monday, the first day of Samvat 2063.

More

FOREIGN INSTITUTIONAL INVESTORS
HK fund manager cuts stake in India Cements
Asian Debt Management Hong Kong Ltd, a Hong Kong-based fund manager, which had picked up a 7.67 per cent stake in India Cements Ltd through a preferential allotment, has substantially reduced its stake in the company through open market ... More

INTERVIEW
Some earnings have surprised on the upside: Forsyth Partners
The Head-Offshore Equity Analysis at Forsyth Partners, Ms Jacqueline Aldhous, believes that the Indian markets are at an all-time high and that some earnings have surprised on the upside. She also states that there is a lot of risk in terms of ... More

COMMENTARY
Across-the-board decline amid low volumes
More

IPOS
Raj TV files for IPO
Raj Television Network Ltd plans to enter the capital market to raise funds to expand its operations, including launching a new television channel, and strengthen its facilities, according to a press release from Raj TV. It has filed a draft ... More

Kanakia to raise Rs 150 cr thru IPO
Promoters plan to sell 32% stake in the company More

Ruchira Papers plans to raise Rs 28.5 cr thru IPO
Ruchira Papers Pvt Ltd, a Himachal Pradesh-based kraft paper manufacturer, said on Monday that SEBI had approved its plans to raise Rs 28.5 crore through the Initial Public Offering (IPO), being made through the 100 per cent book building ... More

OUTLOOK
Markets begin new year on low note
Thin volumes, profit booking affect share prices More






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