Business Daily from THE HINDU group of publications
Thursday, March 08, 2007
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Markets (March 7)
BSE Sensex12579.75(-117.34)
S&P CNX Nifty3626.85 (-28.80)
US Dollar (Buy/Sell)44.55 (+0.05)


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MARKETS

STOCKS
Abbott India stock stays flat despite buyback offer
A substantial gap continues to remain between the buy-back offer price and the market price in Abbott India. The buy-back offer, which after revision in timeline opened today and which closes on March 22, has a price tag of Rs 650 for a share of ... More

A bull in bear's clothing?
Large and widespread declines in Sensex stocks have, in recent times, been accompanied by increases in turnover and in the number of shares traded. It would seem that, under such conditions, bulls lie in wait, ready to devour the bears. The ... More

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

MERGERS & ACQUISITIONS
Singapore exchange buys 5% in BSE
To pick stake for Rs 189 crore at Rs 5,200/share More

OVERSEAS INVESTMENTS
Funds drive local investors towards overseas stocks
To reduce their dependence on a single country More

INTERVIEW
`Market fall not due to external factors'
Over the week since the Budget day, we have been witnessing wild swings in the markets. `To decode what's happening in the bourses, Business Line contacted Mr Pradeep Chandrasekaran, Country Manager for Safety in the Market (www.sitm.com.au), ... More

COMMENTARY
Yet another volatile trading day
Markets underwent yet another volatile trading session on Wednesday. BSE Sensex swung 500 points intra-day while Nifty moved between bands of 70 points. Tuesday's pullback continued at the opening session but selling stepped in at higher ... More

IPOS
MindTree debuts strong, three others suffer on Day 1
As many as four stocks were listed on the bourses but among them only MindTree Consulting Ltd was able to finish in positive territory. The Bangalore-based MindTree, which raised Rs 238 crore through initial public offering, finished with a gain ... More

PUBLIC OFFER
Vimal Oil & Foods plans FPO, rights issues
The Ahmedabad-based edible oil company Vimal Oil & Foods Ltd will be tapping the market with a follow-on public and rights issues to part-finance diversification into snacks and food processing. The follow-on public issue of 99.66 lakh equity .. More






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