Business Daily from THE HINDU group of publications
Tuesday, February 05, 2008
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Commodities (Feb 04)
Gold (per gram) Rs1,077
Silver (per gram) Rs23.65
Brent crude (per bbl) Rs3,523
Markets (Feb. 4)
BSE Sensex18660.32 (+417.74)
S&P CNX Nifty5463.50 (+146.25)
US Dollar39.48 (+0.10)


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Mobile operators use lifetime cards to hook users
Reliance Comm cuts entry fee for lifetime pre-paid card to Rs 199 More

Steel price increase unreasonable, says Paswan
Price panel looking into hike; Minister to meet producers by Feb 15 More

Sensex gains 417 points as upswing continues
Volatility of the last fortnight persists More

Ford may use existing platform for small car project
Engineers across different facilities will work together on the design More

Reliance Power to list on Feb 11
Mumbai, Feb. 4 Reliance Power is set to make its debut in the stock markets on February 11. The equity shares of the company will be listed on both the BSE and the NSE. The IPO was the largest to hit the Indian markets, where the issue was ... More

Govt may hike petrol price by Rs 2, diesel Re 1
Changes in petroleum products’ duties unlikely More

Women workers leave cashew industry broken
CHILDREN’S IMPROVED STATUS More

UB Group working out new biz model for Whyte & Mackay
To include branded products in portfolio, cut down markets More

‘India Inc pours 81% of Q3 investments into infrastructure’
New Delhi, Feb. 4 Over 81 per cent of the overall planned private investments of Rs 4,19,334 crore ($104 billion) by India Inc in the third quarter of the current fiscal have been poured into core, physical and service infrastructure. ... More

Banks moving into long-dated papers
Big jump in investments at Rs 1.68 lakh crore More

Banks see more credit growth overseas
Mumbai, Feb.4 Banks are seeing more growth in credit from their foreign operations thanks to the increased mergers and acquisitions by Indian corporates. This trend is likely to continue as corporates continue to raise money abroad and expand ... More

Rice prices seen volatile on tight supply
Rice market fundamentals continue to tighten; and therefore, there is unlikely to be any respite from firm prices anytime soon. World rice prices were about 17 per cent higher in 2007 compared with the previous year.Export prices that ... More

IPOs: Small is beautiful!
Refunds from Reliance Power IPO may boost sentiment in primary market More

IT stocks back in favour; Index gains 4.15%
Value buying seen at lower levels More

Market turmoil triggers IPO market cool-off
Leveraged bets may not pay More

TODAY'S PICK
ABB (Rs 1,214.55): Buy
We recommend a buy in ABB from a short-term perspective. It is evident in the charts of ABB that the stock has been on a long-term uptrend from March 2007 low of Rs 638. However, after marking an all-time high of Rs 1,670 in November 2007, the ... More

Day Trading Guide
The stock is experiencing selling pressure at higher levels. Sell the stock in rallies with stop at Rs 1,290. Infosys The stock price moved above the 50-day moving average line accompanied with good volume in ... More

High premium for washed robustas draws buyers’ ire
Threat of replacement with arabicas looms as exports slip More

Supply disruption fears stoke coal prices to record
Unusual combination of events triggers panic in user industries More

What gave Nano a headstart
The Nano could potentially challenge the conventional wisdom within the auto industry that wholly new concepts do not live long enough. New launches basically add a whistle here and a bell there to the plethora of existing models. Indeed, in ... More


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