Business Daily from THE HINDU group of publications
Friday, February 02, 2007
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Markets (Feb 1)
BSE Sensex14267.18 (+176.26)
S&P CNX Nifty4137.20(+54.50)
US Dollar (Buy/Sell)44.14 (-0.11)


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MARKETS

STOCKS
Cabinet okays Govt buying SBI stake
The Union Cabinet on Thursday gave its nod for the transfer of ownership of Reserve Bank of India's (RBI) shareholding in State Bank of India (SBI) to the Government by June. The Parliamentary Affairs Minister, Mr Priya Ranjan Dasmunsi, said ... More

Fall in Tata Steel shares may tell on equity funds
The stock accounts for key part of many funds' portfolios More

IOB powered by performance
Analysts, who refer to the steady performance put up by most banks, point out that growth for some sections of the banking industry has lately become somewhat costlier, adding that Indian Overseas Bank has not stayed away from the trend. The ... More

Indian Hotels: Fundamentals at play
The Re 1-face value Indian Hotels stock is being tracked for what some observers say are purely fundamental reasons that stem from trends in the hospitality industry. The company, like many others in its peer group, has gained from good ... More

TECHNICAL ANALYSIS
Bull domination
Bulls dominated Thursday's trading activity. However, the sentiment reading of the tradable counters remains bearish. Bull move on Friday is likely to change the sentiment reading in their favour. On the contrary, the prevailing bearish sentiment ... More

COMMENTARY
Banking, tech stocks lead the gainers
Recent developments such as the Tata-Corus deal, the policy review by the RBI and the US Fed meeting contributed to an event-packed day at the bourses on Thursday. Positive cues from overseas (with the US Fed deciding to hold rates) and upward ... More

IPOS
MindTree IPO on Feb 9
MindTree Consulting Ltd, IT and R& D services company, is coming out with an IPO to raise around Rs 237.5 crore in the upper end of the price band of Rs 365-425 per share. The proceeds will be used to part-finance a new development centre in .. More

Lawreshwar Polymers plans IPO
Lawreshwar Polymers Ltd, manufacturer of the Lehar brand of footwear, plans to entering the capital market with an initial public offer of 87,12,500 equity shares of Rs 10 each for cash at a premium of Rs 6. The company proposes to raise about ... More

INVESTOR PROTECTION
After the binge, the bill
In all fairness to the shareholders of the investor company, their consent must be taken may when the board of directors sets out to do things of Herculean proportions. More






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