Financial Daily from THE HINDU group of publications
Friday, March 03, 2006
Markets (March 2)
BSE Sensex10626.78(+61.31)
S&P CNX Nifty3150.70(+27.60)
US Dollar (Buy/Sell)44.38 (-0.02)


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MARKETS

OVERSEAS BORROWINGS


India Cements to raise $75 m thru FCCBs
India Cements Ltd on Thursday informed the stock exchanges that its board will meet on March 13 to consider issue of foreign currency convertible bonds or other securities. It is reliably learnt that the company is considering raising between ... More

FINANCIAL SERVICES


Financial planners to redraw strategy
To capitalise on budgetary announcements More

STOCKS


IOC offloads 50 pc of its stake in GAIL
At Rs 275 per share, oil PSU earns Rs 430-cr profit More

Reliance Comm Ventures to list on Monday
Reliance Communications Ventures Ltd (RCoVL) will commence trading on the stock exchanges on March 6, said a release from the Reliance ADA group here today. It was only on Wednesday that the company had field the memorandum of information with ... More

TECHNICAL ANALYSIS


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

STOCK EXCHANGES


Trading time altered
The stock exchanges have altered trading time from March 6 to March 17 because of sun outage. The National Stock Exchange (NSE) has announced that some members would lose connectivity from 11:45 a.m. to 12:25 p.m. Trading would be suspended ... More

STOCK MARKETS


IDFC Private Equity to pick 8% in Delhi airport
More

Budget boosts BEML
Heavy engineering major Bharat Earth Movers Ltd (BEML) continue to rise on anticipated orders from the Railway and the Defence sectors, dealers said. The PSU stock has gained 12.37 per cent over the week. On ... More

Spanco rises on order win buzz
Spanco Telesystems and Solutions Ltd have gained by 10.35 per cent over the week on a couple of big order wins, dealers said. The stock ended at Rs 174.30 on the BSE on Thursday, up from Rs 157.95 on February 23. Over ... More

IL&FS up on `buy' report
IL&FS Investsmart Ltd shares are on an upward journey after a leading foreign brokerage came out with a `buy' recommendation on the company recently, dealers said. The share has risen by about 17 per cent from last ... More

FOREIGN INSTITUTIONAL INVESTORS


Sensex touches 10,700-mark
In an eventful day's trading marked by high fluctuations on Thursday, the BSE Sensex broke into 10,700-mark, rising by over 140 points midway through the session, before shedding 79.44 points on profit booking. The Sensex ended at a record high ... More

S'pore FII buys 8.71% stake in Herbertsons
Matherson Advisory Singapore Pvt Ltd, a registered FII, has bought 8.29 lakh shares (8.71 per cent) of Herbertsons Ltd from McDowell & Co Ltd and Phipson Distillery at Rs 263.35 per share through a block deal executed on Tuesday. The total ... More

FIIs unlikely to rush for G-Secs, corporate bonds
`Cap hike a small step in right direction' More

OVERSEAS INVESTMENTS


Leeway for individual MFs likely
After providing greater leeway to the mutual fund industry on overseas investments, the Government is considering a major hike in the cap on overseas investment by individual fund houses. Indications are that the fresh cap could be set at about ... More

INTERVIEW


`Keep a keen watch on FMCG trends'
Today, PE is trailing by about 18 times More

COMMENTARY


Waning momentum in rally
More

IPOS


Hetero Drugs plans to tap capital market next fiscal
To set up Rs 250-crore facility in Visakhapatnam More

SBH eyes capital market
State Bank of Hyderabad is looking to enter the capital market in the next fiscal. The Managing Director, Mr Amitabha Guha, told Business Line that the bank was governed by the Subsidiary Act and an amendment would be necessary to ... More

PEOPLE


JM Morgan Stanley appointments
JM Morgan Stanley on Thursday announced the appointment of Mr Ridham Desai and Mr Sanjay Shah as the new joint heads of the firm's institutional equity business in India, JM Morgan Stanley Securities ... More
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Top Stories
Ban likely on alcohol, tobacco additives in food products


FIIs unlikely to rush for G-Secs, corporate bonds

Hallmarked jewellery a safer bet, says RBI

Cement majors post increase in sales

Budget doubles excise duty on sugar

Frontline gets more contemporary look

Pepper exports to US decline

In Focus

Infrastructure woes stare IT sector
IPO Scams
FDI in retail sector
Dynamic Tirupur
Surging Sensex
Gold scaling new highs
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In Depth

Gender Justice
Simple Economics
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Looking back
Feb. 19-Feb. 25
Equity funds eye realty sector in a big way
To explore investments in residential, commercial projects


Who would give a bird the lie?

IPO scam fall-out — CBI conducts search at Karvy, Vijaya Bank, BhOB premises

`More global investors entering India'
Deutsche Bank upbeat


Markets are peaking out, says expert — Turns cautious on Indian equities, bets on commodities

Steel, iron ore stocks turn active on Rly Budget



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