Business Daily from THE HINDU group of publications
Tuesday, July 15, 2008
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Markets (July 14)
BSE Sensex13330.51 (-139.34)
S&P CNX Nifty4039.70 (-9.30)
US Dollar43.01 (+0.08)


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STOCK MARKETS: Falling volumes hit broking cos
Other incomes could be crucial: Analysts. Mumbai, July 14 The first quarter financial results of three broking firms indicate that the broking business is experiencing a slump, something expected in a bearish ...

STOCKS: SpiceJet shares down on Chairman’s resignation
Analysts see tough time ahead for the airlines. Mumbai, July 14 Shares of low-cost airline SpiceJet tumbled 13.73 per cent on Monday after its Executive Chairman, Mr Siddhanta Sharma, resigned over the weekend. ...

FINANCIAL SERVICES: BNP Paribas executes first Direct Market Access order on NSE
Details of the deal not available. Mumbai, July 14 BNP Paribas Securities Asia said it has successfully executed its first Direct Market Access (DMA) order on the National Stock Exchange through brokerage Geojit Financial Services. ...

STOCKS: Zandu Pharma scales new peak
Kolkata/Mumbai, July 14 Zandu Pharmaceutical Works scaled a new height on Monday as the Rs 100-face valued stock closed at Rs 19,088.90, its all-time high and more than three-fold price offered by Emami group, which had purchased 23.6 per ...

STOCK MARKETS: Insurance cos invest Rs 15,000 cr in equities in Q1
LIC alone pumps in about Rs 12,000 crore. Mumbai, July 14 Domestic insurance companies continue to be large buyers of equity on the bourses, striking a contrarian note in the bearish ...

IPOS: KSK Energy closes below issue price on Day 1
Mumbai, July 14 KSK Energy Ventures on Monday closed down 17.06 per cent or Rs 40.95 at Rs 199.05 against its issue price of Rs 240 on the NSE. ...

PEOPLE: Sahoo joins SEBI as whole-time Director
Mumbai, July 14 SEBI, on Monday announced that Mr Madhu Sudan Sahoo has joined the capital markets regulator as a whole-time ...

STOCKS: Axis Bank Q1: Strong show in interest income
Sustaining this pace of performance may prove challenging. Axis Bank’s numbers for Q1, closely watched for clues to other bank numbers, have beaten market expectations by a significant margin. ...

DERIVATIVES MARKETS: Ranbaxy, Infy see surge in open positions
FIIs continue to bet on index futures. Chennai, July 14 Turnover remained dipped sharply to Rs 40,096 crore from Friday’s turnover of Rs 50,149.82 crore. ...

STOCKS: Ranbaxy: Uncertainty about USFDA investigation
US business and reputation at stake. Ranbaxy’s stock fell close to 11 per cent after a US legal investigation sparked concerns on the company’s American business as well as the takeover planned by Daiichi Sankyo Company. ...

RECOMMENDATION: Day Trading Guide
The stock is experiencing selling pressure at higher levels. Utilise rallies to sell the stock with tight stop-loss at Rs 607. ...

ANNOUNCEMENTS: Corporate developments
Coimbatore, July 14 With reference to reports about AV Birla planning to enter broking with Rs 280-cr ASCIL buy, Apollo Sindhoori Capital Investments Ltd (ASCIL) has clarified that the Board of Directors at their meeting held on October 29, ...

TODAY'S PICK (Latest Audio: English/Tamil)
RECOMMENDATION: Ambuja Cements (Rs 82.50): Buy
We recommend a buy in Ambuja Cements from a short-term perspective. From the charts of Ambuja Cements we see that the stock has been on an intermediate-term downtrend from its life-time high of Rs 160 (recorded on December 4, 2007). However, ...





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