Business Daily from THE HINDU group of publications
Friday, April 04, 2008
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Markets (April 03)
BSE Sensex15832.55 (+82.15)
S&P CNX Nifty4771.60 (+17.40)
US Dollar40.02 (+0.01)


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MARKETS

ANNOUNCEMENTS
Corporate developments
Coimbatore, April 3 Akruti City Ltd has informed that in view of the inordinate delay in receiving the necessary approvals from the Department of Industrial Promotion and Policy (DIPP), Ministry of Commerce and Industry, ... More

MUTUAL FUNDS
Tata MF ties up with UK’s New Star to advise on India dedicated fund
Offshore fund to be launched in second quarter of 2008 More

STOCKS
IMPACT
Surprises in vehicle sales numbers
No impact on compact cars from excise duty cut More

IMPACT
Spike in Pen-G prices to hit bulk drug makers
Partial reprieve for captive producers More

TECHNICAL ANALYSIS
Volatile movement
Thursday’s trading activity witnessed volatile movement. Bull domination on Friday is likely to change the sentiment reading in their favour. On the contrary, the current sentiment reading is likely to be strengthened with ... More

DERIVATIVES MARKETS
Sensex futures to trade on US exchange
The Bombay Stock Exchange (BSE) has announced that it would be launching trading of Sensex based futures on the US Futures Exchange (USFE) in Chicago from April 4, 2008. The contract will have a notional value of $40,000 and a tick ... More

Fresh open interest positions seen in Essar Oil
Lowest turnover since February 18 in F&O segment More

REGULATORY BODIES & RULINGS
SEBI allows institutional clients to have direct market access
Brokers’ manual intervention is not needed More

SEBI cuts fees for public issues, raises for buyback
RBI hikes overseas limit to $7 billion for MFs More

RECOMMENDATION
TODAY'S PICK (Latest Audio: English | Tamil)
Rolta India (Rs 289.45): Buy
We recommend a buy in Rolta India from a short-term perspective. The charts of Rolta India show that its medium-term downtrend, which began in early January from the resistance level of Rs 387 ended recently. On April 3, the stock conclusively ... More

Day Trading Guide
As long as the stock trades above Rs 1,500, the outlook remains positive. We recommend a buy.L&TWe reaffirm our sell recommendation in this counter for the day. ONGCThe ... More

IPOS
NHPC plans IPO in second quarter
New Delhi, April 3 National Hydroelectric Power Corp Ltd (NHPC) plans to launch an initial public offering in the second quarter of the current financial year. “We will be going to the market shortly. We are planning an IPO during the ... More

RIGHTS ISSUE
Jet Airways to hold $400-m rights issue till ‘market settles’
Goyal says airline open to other sources of funding More

PEOPLE
Sakthi Siva to head Credit Suisse
Mumbai, April 3 Credit Suisse, an international financial services group, has announced that it would be appointing Ms Sakthi Siva as the Managing Director, Asia Pacific Equity Strategist and Global Emerging Markets Equity Strategist. She is ... More






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