Business Daily from THE HINDU group of publications
Friday, March 02, 2007
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Markets (March 1)
BSE Sensex13159.55(+221.46)
S&P CNX Nifty3811.20 (+65.90)
US Dollar (Buy/Sell)44.29


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PREFERENTIAL ALLOTMENTS
Pref issue: Hindalco board meet today
MUMBAI: The board of Hindalco Industries Ltd will meet on Friday to consider a proposal to issue shares or equity linked instruments on a preferential basis, the company informed stock exchanges on Thursday. The notice from the Aditya ... More

NEW FUND OFFER
Benchmark Gold ETF launch on NSE in a few weeks
The country's first Gold Exchange Traded Fund (Gold ETF), promoted by Benchmark Asset Management Company, has managed to collect a corpus of Rs 100 crore. The ETF is expected to be launched on the National Stock Exchange in a couple of weeks' ... More

MUTUAL FUNDS
PAN for mutual fund investors
The Mutual Fund Identification will be withdrawn effective March 2. This follows the Finance Minister's announcement in the Budget that PAN will be the sole identification number for all participants in the securities market. Association of ... More

Budget could fuel fund investment in infrastructure sector
The Union Budget could fuel investments in the infrastructure sector by permitting mutual funds to launch and operate dedicated infrastructure funds. Mutual fund managers say it was unclear whether the infrastructure-dedicated funds would be ... More

STOCKS
IT stocks recover on hopes of lower MAT impact
Analysts agree fringe benefit tax on ESOP is negative More

TECHNICAL ANALYSIS
Bull domination
Bulls dominated Thursday's trading activity. However, the sentiment reading of the tradable counters remains bearish. Bull move on Friday is likely to change the sentiment reading in their favour. On the contrary, the prevailing bearish sentiment ... More

STOCK MARKETS
Markets bounce back on short covering
Information Technology stocks rebound More

`Level playing field for domestic players vs FIIs'
Increase in corporate dividend distribution tax a negative surprise More

COMMENTARY
Markets recover from aftershocks on value buying
More

IPOS
Oil India IPO likely by Oct
Oil India Ltd (OIL) hopes to tap the capital market by October. OIL, Director (Finance), Mr T.K. Ananth Kumar, said the company has proposed a 10 per cent float to the Government and hoped to get the mandatory approvals by March-April this ... More

Indian Bank debuts at premium
The stock of Indian Bank made its debut on a volatile note on the exchanges; on the BSE at a 15.38 per cent premium at Rs 105 against its issue price of Rs 91. The stock reached a high of Rs 105 and a low of Rs 77 before closing at Rs 98.30. On ... More






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