Business Daily from THE HINDU group of publications
Wednesday, May 28, 2008
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Markets (May 27)
BSE Sensex16275.59 (-72.91)
S&P CNX Nifty4859.80 (-15.25)
US Dollar42.95 (+0.19)


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ANNOUNCEMENTS
Corporate developments
Camlin Ltd’s board of directors has approved sub-division of equity shares of face value of Rs 10 each into 10 equity shares of Re 1 each.Cords Cable Industries Ltd has bagged an export order ... More

FINANCIAL SERVICES
Muthoot Securities to start broking services from today
Kochi, May 27 Muthoot Securities Ltd, which is part of Muthoot Group Companies, is all set to commence stock broking operations from 61 branches in Kerala from Wednesday. To start with, the company will offer broking services in cash ... More

STOCKS
Announcement of higher subsidy lifts fertiliser stocks
‘New investment policy will be finalised soon’ More

STOCK EXCHANGES
NCDEX-NSE exchange gets nod
The National Commodity and Derivatives Exchange (NCDEX) and National Stock Exchange (NSE) combine on Tuesday received in-principle approval from the Central Electricity Regulatory Commission (CERC) to float a power exchange. The application made ... More

STOCK MARKETS
FII net sellers since May 20
Mumbai, May 27 Foreign institutional investors (FIIs) have been net sellers on Indian bourses since May 20. Including Tuesday’ provisional selling data of Rs 496.61 crore, their total (net) selling stood at Rs 3,594 crore in the cash ... More

Six out of 10 stocks beat Sensex in recovery
76 stocks gain 50% or more from March lows More

DERIVATIVES MARKETS
RCom June future sees surge in open interest
FIIs remain sellers in index, stock futures More

REGULATORY BODIES & RULINGS
‘Disclose offshore derivative instruments activities’
Move aims at whether ODIs are issued to NRIs or not? More

RECOMMENDATION
TODAY'S PICK (Latest Audio: English/Tamil)
Shriram Transport Finance (Rs 341): Buy
We recommend a buy in Shriram Transport Finance Company from a short-term perspective. We note that the stock, which was trending downwards from its December 2007 high of Rs 433, found support at Rs 300 in March. Later on, following a ... More

Day Trading Guide
In line with our expectation, the stock declined in the last trading session. We maintain our sell recommendation in this stock. Infosys The outlook is cautious for the stock. Avoid initiating buy or sell ... More

IPOS
20 Micron plans Rs 40-crore public issue
Ahmedabad, May 27 The Vadodara-based 20 Micron Ltd (20 ML), having one of the largest production facilities for white minerals in India, is planning to enter the capital market in the next few months to raise Rs 40 crore to part-fund its ... More






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Radar: Resources elsewhere
Food: Who pays the price (Video)

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