Business Daily from THE HINDU group of publications
Friday, April 06, 2007
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Markets (April 05)
BSE Sensex12856.08(+69.31)
S&P CNX Nifty3752 (+18.75)
US Dollar (Buy/Sell)43.08 (-0.03)


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MARKETS

OPEN OFFERS
Rossell Tea promoters plan to make open offer for 20%
Rossell Tea (latest incarnation of former entities Rossell Industries and Jokai Tea), which is listed on the Calcutta Stock Exchange and Guwahati Stock Exchange, appears one step ahead in exiting the secondary capital market as a few members of ... More

MUTUAL FUNDS
Reliance Mutual reduces minimum investment amount for SIP
Allows to enter with Rs 100 per month More

STOCKS
Sterlite turns active
Sterlite Industries has been witnessing surge in its share price, which has seen it move up from Rs 459.2 to Rs 466.10 in the last one week. Apart from a firm trend in international metal prices, two other factors are also at work. Its recent ... More

Metal stocks post smart gains on firm global prices
Zinc, copper, nickel, lead set new records on LME More

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

ASSET MANAGEMENT COMPANIES
Unstable market leaves portfolio managers worried
Investors are uncertain near-term prospects of equities More

REGULATORY BODIES & RULINGS
CSE member suspended for faulty trading
Mr G. Anantharaman, whole-time member of SEBI, has suspended the registration of Prakash Baid Securities Pvt Ltd, a member of Calcutta Stock Exchange Association Ltd (CSE) for six months. The order becomes effective on the expiry of 21 days from ... More

INTERVIEW
`Expect some amount of downgrading on earnings front'
Market analyst Mr Abhay Aima gives us his perspective on how traders pan out so far and what he expects to do over the year. He says the anxiety in the market was to a large extent due to the CRR rate hike and the international markets. ... More

COMMENTARY
Stocks post modest gains on cautious day
Markets opened on a cautious note on Thursday after the strong gains recorded in the previous sessions. But bargain hunting at lower levels supported the stock prices and helped the Sensex and the Nifty to close with a half per cent gain. ... More

IPOS
NHPC files prospectus for public offer
5% Govt divestment, 10% fresh equity comprise the issue More






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