Business Daily from THE HINDU group of publications
Friday, May 09, 2008
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Markets (May 8)
BSE Sensex17080.65 (-258.66)
S&P CNX Nifty5081.70 (-53.80)
US Dollar41.78 (+0.43)


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ANNOUNCEMENTS
Corporate developments
Coimbatore, May 8 Bihar Sponge Iron Ltd has clarified that it is looking for a strategic tie-up for its mining activities and it will take at least two years for the mine to become operational.Hatsun ... More

OPEN OFFERS
‘Heineken’s S&N buy will not trigger open offer’
Bangalore, May 8 Beer major Heineken does not have to float an open offer to the Indian public after taking over 37.5 per cent stake of Scottish & Newcastle in United Breweries.An official with the UB Group told More

STOCKS
ITC, L&T, Axis Bank stocks take a hit
On talk of Specified Undertaking of UTI hiving off holdings More

Rakesh Jhunjhunwala to get 10% in Autoline Ind
Preferential issue to enhance capital base More

Indiabulls Real Estate to cash in on mill assets
Revenue flow may support premium valuations in Singapore More

STOCK MARKETS
Tracking markets
More

DERIVATIVES MARKETS
DLF, HDIL see jump in open interests
Cairn, Shree Renuka witness drop More

RECOMMENDATION
TODAY'S PICK (Latest Audio: English/Tamil)
Great Offshore (Rs 708.65): Buy
We recommend a buy in Great Offshore from a short-term perspective. It is clearly visible from the charts of the stock that it has been on a modest medium-term uptrend (forming higher peaks and higher troughs) from its March 2008 low of Rs 560 ... More

Day Trading Guide
In line with our expectation, the stock declined during the previous trading session. We retain our sell recommendation.ONGCFresh short-position can be initiated if the stock declines below Rs 1,017.More

IPOS
Frankfinn plans to come out with IPO next year
Moving forward with its plans to launch a low-cost airline service, Frankfinn Aviation is now mulling a full service airline operation by 2009 end or the beginning of 2010. The airhostess-training institute is also planning an IPO at ... More

Indiabulls Real Estate plans to list its arm in Singapore
IPIT granted ‘Eligibility to list’ by SGX in February More






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