Business Daily from THE HINDU group of publications
Wednesday, December 06, 2006
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Markets (Dec 5)
BSE Sensex13937.65(+63.32)
S&P CNX Nifty4015.75 (+14.75)
US Dollar (Buy/Sell)44.56 (-0.15)


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MARKETS

STOCKS
India boost to ZTE scrip
Shares of ZTE Corp., China's biggest publicly listed telephone-equipment maker, surged after the company said it may more than double the number of workers in India next year. The company's stock rose 6 per cent to 41.84 yuan ... More

Maruti watched for fundamentals
The Rs 5-face value Maruti Udyog stock, which dipped 1.23 per cent on Tuesday to close at Rs 949.85, is being watched for what some analysts say are purely fundamental reasons. These include a clutch of new products in the works and higher sales ... More

TECHNICAL ANALYSIS
Bulls prevail
Bulls prevailed over Tuesday's trading activity. The sentiment reading of the tradable counters remained bullish. Bear move on Wednesday is likely to change the sentiment reading in their favour. On the contrary, the prevailing bullish sentiment ... More

STOCK EXCHANGES
LSE makes a strong case before corporates
London Stock Exchange (LSE), which hopes to attract a growing number of Indian listing entities, today sought to make a strong case for its services before Kolkata corporates. A cross-section of city-based companies and their advisors met a ... More

STOCK MARKETS
Sensex story: From 13K to 14K in 26 sessions
Banking, capital goods, IT outperform the index More

FOREIGN INSTITUTIONAL INVESTORS
Sensex crosses 14k intra-day
The BSE Sensex kissed the 14,000-mark intra-day before closing at 13,957.65 points, up 0.46 per cent, on strong FII inflows. The Sensex opened at 14,028.47 points as Reliance Industries was traded at a high of Rs 1,350 in the morning session, ... More

REGULATORY BODIES & RULINGS
Indian depository receipts to be launched next year
In a move to provide fresh avenues to global companies to raise capital from the Indian markets and new investment opportunities to retail investors in India, SEBI is slated to introduce Indian Depository Receipts (IDRs) next year, according to ... More

SEBI bars 14 entities
The Securities and Exchange Board of India has debarred 14 entities from accessing the securities market on charges of certain irregularities and contraventions of the SEBI regulations. Mr Mahesh Kumar Patel, Aarushi Consultancy and Mr Gautam ... More

COMMENTARY
Positive sentiment takes Sensex past 14,000
It was business as usual at the country's stock exchanges on Tuesday. The volatility and hesitant, but eventually upward movement of the indices, which has been the feature of the past few months were all present on a day when the indices crested ... More

IPOS
Pyramid Saimira plans Rs 84-cr IPO
Price band fixed at Rs 88-100 a share More

Fortis Healthcare inks $33.33-m pre-IPO deals
Fortis Healthcare has announced that it would issue 11.92 million equity shares to two private equity firms in a pre-IPO agreement amounting to $33.33 millions. Quantum (M) Ltd, and Blue Ridge Ltd Partnership and Blue Ridge Offshore Master Ltd ... More

Vishal Retail files for IPO
Vishal Retail Ltd (Vishal) has filed its draft red herring prospectus with the Securities and Exchange Board of India to enter the capital market with its initial public offering of equity shares. The company proposes to raise up to Rs 110 ... More

OUTLOOK
LSE betting on realty, infrastructure sectors
AIM, the window provided by London Stock Exchange (LSE) for smaller companies, has identified real estate and infrastructure as two of the more important sectors in India, which could potentially throw up listing candidates. AIM, on which ... More






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