Business Daily from THE HINDU group of publications
Thursday, November 29, 2007
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Commodities (Nov 28)
Gold (per gram) Rs966
Silver (per gram) Rs20.50
Brent crude (per bbl) Rs3,690
Markets (Nov. 28)
BSE Sensex18938.87 (-188.86)
S&P CNX Nifty5617.55 (-80.60)
US Dollar39.78 (-0.05)


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SEBI norms allow for 9 working days before deals hit market
Sources say a ‘case exists for tightening the duration’ More

New F&O scrips hog limelight
Mumbai, Nov. 28 The 15 stocks that would be eligible to trade in the F&O segment from November 30 have been outperforming the market in the mid-cap space on a rising trend of share volumes in the last one week. KPIT Cummins ... More

Reliance Comm, Tata Steel borrow $1.37 b overseas in Sept
More

PE investments in auto sector dip
Sluggish growth, rising Re hurdles More

Pranab to head GoM on petrol pricing
New Delhi, Nov. 28 The recently constituted Group of Ministers (GoM) to look into the pricing of petroleum products will be headed by the External Affairs Minister, Mr Pranab Mukherjee. The other members of the GoM include the Defence ... More

Nuke deal does not take away right on future tests
Manmohan Singh’s assurance in Parliament More

Working group recommends dual goods and service tax
Will send its final recommendations to the Centre next month More

Textile industry seeks relief from PM
Mumbai, Nov. 28 The woes of the Indian textile industry caused by fast eroding competitiveness in the face of a rapidly appreciating rupee have reached the Prime Minister who has reportedly assured appropriate measures to reverse the decline ... More

IMPACT
TRAI recommendation: Bharti, RCom get relief
No additional cash outflow for IPTV licences More

ITC up on price hike hopes
Dalal Street speculation around ITC is still continuing. Though the buzz that it may take up stake in Ravalgaon Sugar Farm Ltd has died down after denial by the sugar company, possibility of it raising cigarette prices in December is still ... More

IMPACT
Open interest at record highs
Low FII participation, high retail interest are risky More

Let both telecom, cable operators offer Internet Television: TRAI
Regulator issues fresh draft recommendations More

Auctioning best way to allocate spectrum: Raja
‘But it is not possible due to legalities involved’ More

Crude imports dip 1.4% in October
New Delhi, Nov. 28 Crude oil imports in October saw a decline of 1.4 per cent as compared to the same month last year, while domestic petroleum product sales registered a growth of 9.9 per cent. The reason for dip in crude oil imports ... More

Today's Pick: Bharat Forge (Rs 326.85)
We recommend a buy in Bharat Forge at current price. From the daily chart of Bharat Forge, we see that it had a steep rally from October low of Rs 260 to early November high of Rs 385. During this rally, the stock penetrated the long-term down ... More

Media stocks hog limelight
FDI announcement triggers buying interest More

Banking stocks see healthy rollovers
Nifty rollover seen at 68% More

Day Trading Guide
The stock is hovering near the 50-day moving average line. Fresh selling should be initiated only when the stock declines below Rs 1,100. Infosys The stock is losing momentum. Volumes are also extremely thin. ... More

‘SBI move to reject LC to Iran may hit tea exports’
Jairam Ramesh draws Finance Minister attention to the issue More

For a durable growth story
There’s no question of a slowdown as the consumer durables industry enjoys exceptional growth this year with all classes of consumers on a buying spree. More


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