Business Daily from THE HINDU group of publications
Thursday, January 04, 2007
ePaper
Markets (Jan 3)
BSE Sensex14014.92 (+72.68)
S&P CNX Nifty4024.05 (+16.65)
US Dollar (Buy/Sell)44.39 (-0.19)


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MARKETS

FINANCIAL SERVICES
New CEO for Ask Raymond
Ask Raymond James has appointed Mr Rajesh Saluja as Chief Executive Officer to lead their financial planning business to be launched early 2007 for catering to the HNI retail investors in India. Mr Saluja used to work with Standard Chartered ... More

NEW FUND OFFER
UTI MF launches new schemes to mop up Rs 1,500 crore
`Purchase of units under CPO is available only during NFO period' More

STOCKS
Aventis: Betting on earnings
As the fourth quarter (December-ending) results announcement of Aventis Pharma draws near, Dalal Street's attention has turned to its rising earning prospects. The stock closed at Rs 1424.70 (up over 1.5 per cent on Wednesday and 3 per cent in ... More

Expansion move buoys Lanxess
Lanxess ABS, formerly Bayer ABS, which is executing a major capacity expansion of ABS and Styrene, has raised market expectations over substantial boost to its earning per share. The stock gained over 3 per cent on Wednesday and in the last one ... More

TECHNICAL ANALYSIS
Bulls prevail
Bulls prevailed over Wednesday's trading activity. The sentiment reading of the tradable counters remains bullish. Bear move on Thursday is likely to change the sentiment reading in its favour. Nifty ... More

STOCK MARKETS
Sensex closes above 14,000
The BSE-30 Sensex settled above the 14,000-mark at 14,014.92 before touching an all-time intra-day high at 14,035.67. The Sensex gained 72.68 points or 0.52 per cent at the close of trading. Dealers said markets gained in anticipation of good ... More

Bullish beginning
FINISH AT 14K: Share traders are busy watching the growing line of the market in Kolkata on Wednesday. The BSE Sensex crossed the 14,000-mark and finished above that level at ... More

ASSET MANAGEMENT COMPANIES
Mutual funds asset base shrinks on tight liquidity
Reliance AMC becomes number 1 in pvt sector More

INTERVIEW
We are not overtly worried about volatility: Ambit Capital
Volatility happens to be an important element of the market, says Mr Manish Kanchan, CEO, Ambit Capital, adding that investors should not expect one-way upward moves all the time. "Do not necessarily take cash off the table... for one thing, ... More

`Demat a/cs without PAN proof disallowed'
The NSDL has frozen several demat accounts as investors failed to furnish proof of PAN cards. Mr C.B. Bhave, MD of NSDL, says from April 1 onwards nobody can open a demat account without PAN proof. Excerpts from CNBC-TV18's exclusive interview ... More

COMMENTARY
Sustained buying lifts Sensex to 14,000-mark
The bulls extended their party for the second consecutive trading session of the year amid firm Asian markets and on expectations of strong third-quarter results. Sustained buying by funds and retail investors helped Sensex post a gain of 72 ... More

IPOS
DLF to raise Rs 12,250 cr
Files papers for the `biggest' IPO; Rs 700-825 price band likely More






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