Business Daily from THE HINDU group of publications
Monday, February 25, 2008
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Markets (Feb. 22)
BSE Sensex17349.07 (-385.61)
S&P CNX Nifty5110.75 (-81.05)
US Dollar40.00 (+0.04)


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MARKETS

STOCKS
3:5 bonus from Reliance Power; effective price will be Rs 269
Anil Ambani to relinquish 2.6% stake to Reliance Energy More

RPower seeks enquiry into ‘price hammering’
Mumbai, Feb. 24 RPOWER has written to SEBI seeking an enquiry into the “price hammering” of its stock on the first day of listing. “Within the first four minutes of trading the price went from Rs 540 to Rs 380. Several ... More

STOCK EXCHANGES
Sensex, Nifty among world’s worst performers
FII selling, global cues hit Indian bourses; Muscat emerges topper More

STOCK MARKETS
Will budget be a non-event?
Khan found that the stock market reacts to the sentiment rather than budget. Large positions built in anticipation of friendly budget leads unwinding or spurs more buying, as may be the case, Dakshinamoorthy felt. Jogin had other ... More

COMMENTARY
ICICI Bank, HDFC Bank witness steep fall
Only Infosys, Wipro finish in the green More

RECOMMENDATION
TODAY'S PICK (Latest Today's pick audio)
Pfizer (Rs 632.90): Buy
We recommend a buy in Pfizer from a short-term perspective. From the chart, we see that it had been on a medium-term downtrend from December 2007 high of Rs 850 to mid-February low of Rs 587. However, the stock’s medium-term downtrend got ... More

Day Trading Guide
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IPOS
Legal, tax aspects of RPower bonus announcement
Mumbai, Feb. 24 The issue of three free shares for every five RPower shares held “compensates” investors only if the bonus shares are given to the original IPO allottees of RPower, said a section of market players. “If I have ... More

OUTLOOK
Dalal Street to see subdued trading ahead of Budget
Long-term investors in no hurry to buy at current levels More






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