Business Daily from THE HINDU group of publications
Tuesday, July 01, 2008
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Markets (June 30)
BSE Sensex13461.60 (-340.62)
S&P CNX Nifty4040.55 (-96.10)
US Dollar43.05 (+0.17)


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ANNOUNCEMENTS
Corporate developments
Coimbatore, June 30 JK Tyre & Industries Ltd’s Board of Directors has approved rights issue in the ratio of 1:3 at a price of Rs 85 per share (including Rs 75 towards premium). The full ... More

MUTUAL FUNDS
Fidelity launches online platform
Mumbai, June 30 Fidelity International has launched FundsNetwork, an online fund platform in the country. FundsNetwork is a technology powered solution which will provide mutual fund advisors with business tools that will support ... More

STOCKS
Madras Cements Q4 net up 14%, to give 1:1 bonus
Rs 10 share split to Re 1 each More

IMPACT
Aggressive pricing may help L&T to compete with MNCs
Co outbids BHEL to bag super critical turbine order More

IMPACT
Strong sales but sedate profit growth from India Cements
Loan settlement dents reported profit More

Cement shares hit 52-week lows
Rise in raw material prices, Govt intervention cause for concern More

ADAG stocks hit new lows
Overhang of family spat, MTN-RCom deal affect sentiment More

Media Video ends at premium, GMR Ferro re-lists at discount
Mumbai, June 30 The de-merged entity of Media Video Ltd, MVL, listed at Rs 61.25 on the NSE on Monday. The stock touched an intra-day high of Rs 130 and a low of Rs 44 before closing up 55.18 per cent or Rs 33.8 from its listing price ... More

DERIVATIVES MARKETS
Nifty futures dip below 4000-mark
RPL, Tata Steel shed open interests More

FOREIGN INSTITUTIONAL INVESTORS
FIIs move to debt market as equities turn unattractive
Mumbai, June 30 Foreign institutional investors’ (FIIs) participation in the domestic debt market is on the rise, thanks to the high interest rate differential that exists in comparison with the overseas interest rate regime, especially ... More

REGULATORY BODIES & RULINGS
‘Govt staff need not give PAN for official deals’
Mumbai, June 30 SEBI on Monday announced that it would exempt both central and state Government officials from giving their PAN for transacting in the securities market on behalf of the Government undertaking. The regulator has also ... More

RECOMMENDATION
TODAY'S PICK (Latest Audio: English/Tamil)
Essar Oil (Rs 176.80): Sell
We recommend a sell in Essar Oil from a short-term perspective. From the charts of the Essar Oil, we see that it has been on a long-term down trend from its 52-week high of Rs 360 recorded in early January 2008. On June 30, the stock ... More

Day Trading Guide
The near-term outlook for the stock is bearish. We recommend a sell in this counter. Infosys Sell the stock only if it reverses for Rs 1,800 level, with tight stop. More

ECONOMIC OFFENCES
SAT sets aside SEBI’s final order against Karvy group
Mumbai, June 30 Securities Appelate Tribunal (SAT) on Monday set aside the SEBI’s final order against Karvy group in the IPO allotment scam, a Karvy official said.The details of the SAT order were not known. However, ... More






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Radar: Resources elsewhere
Food: Who pays the price (Video)

ADB World Outlook 2008

ADB's Outlook on India

Union Budget 2008-09

Railway Budget 2008-2009

Economic Survey 2007-2008

In Focus
Ranbaxy-Daiichi deal

People's car

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More banks hike lending, deposit rates

SAT sets aside SEBI’s final order against Karvy group

Foreign investment pumped up reserves

Fuel prices raised; airlines may hike fares Rs 150-300

Global GDP growth: A longer view

‘Hero Motorcycles, Hero Honda to compete in brands, not volumes’

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SBI list of loan waiver beneficiaries completed

Looking back
Jun. 22-Jun. 28
RBI or politics: Which will blink first?

Heavy short positions in Nifty July future

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