The Hindu Business Line : Friday, April 11, 2008

ANNOUNCEMENTS
Corporate developments
Coimbatore, April 10 Banco Products India Ltd has convened a meeting of the board of directors on April 17 to consider the proposal for buy-back of shares.Financial Technologies India has acquired ... More

INVESTMENTS
‘Global real estate investment volumes likely to decline’
Mumbai, April 10 Real estate management and services firm Jones Lang LaSalle expects global investment volumes to be down by over 30 per cent in 2008, after a record year in 2007 when volumes were up eight per cent year-on-year to $759 ... More

NEW FUND OFFER
Gold prices may scale new high in early 2009
New Delhi, April 10 The ongoing secular bull market for gold would sustain itself for at least three more years and the yellow metal would probably make a new high as one enters 2009, according to Mr Joseph M Foster, Portfolio Manager, Van ... More

STOCKS
Global Vectra stock jumps 20% on rights issue remark
Chairman clarifies there’s no firm plans till December More

IMPACT
Smaller construction cos may be worst hit
Infrastructure cos protected by escalation clauses More

Companies with captive iron ore mines defy Sensex
‘To benefit from increased price realisation’ More

Bankex shares drift lower in the last hour of trade
Analysts say speculation may be driving volatility More

TECHNICAL ANALYSIS
Volatile movement
Thursday’s trading activity witnessed volatile movement. The sentiment reading of the tradable counters continues to remain bullish. Bear domination on Friday is likely to change the sentiment reading in their favour. On the ... More

STOCK MARKETS
Finance Ministry seeks details on charges levied on ULIPs
New Delhi, April 10 The Finance Ministry has asked the Insurance Regulatory and Development Authority (IRDA) and the Life Insurance Council to furnish details of the various charges levied by life insurance companies for their unit linked ... More

DERIVATIVES MARKETS
Fresh short positions in Nifty, key stocks
Most April contracts end in discount to spot More

ASSET MANAGEMENT COMPANIES
Vijai Mantri to head DLF jt venture
US-based Prudential Financial Inc (PFI) and the DLF Group on Wednesday announced that Mr Vijai Mantri has been appointed as the Chief Executive Office and Managing Director designate of their proposed asset management joint venture — DLF ... More

RECOMMENDATION
TODAY'S PICK (Latest Audio: English | Tamil)
United Phosphorus (Rs 288.90): Sell
We recommend a sell in United Phosphorus from a short-term perspective. From the charts of United Phosphorus, we note that the stock has been on a medium-term term down-trend from its January high of Rs 425. However, following a corrective ... More

Day Trading Guide
The stock is currently pausing around Rs 800 levels. Avoid trading in this counter.Infosys The stock is experiencing selling pressure at higher levels. Sell the stock in rallies with stop loss at Rs ... More