Business Daily from THE HINDU group of publications
Friday, May 30, 2008
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Markets (May 29)
BSE Sensex16316.26 (-209.11)
S&P CNX Nifty4835.30 (-83.05)
US Dollar42.88 (+0.09)


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ANNOUNCEMENTS
Corporate developments
Coimbatore, May 29 Atlanta Ltd has received work orders amounting to Rs 89.42 crore for extraction, cutting, transfer of coal, and coal measure strata from Mahanadi Coalfields Ltd and South Eastern Coalfields Ltd. ... More

STOCKS
JM Financial announces 3:2 bonus
Consolidated Q4 net up 39%; to split share to Re 1 More

Emami picks up more in Zandu Pharma
Kolkata, May 29 Emami has increased its stake in Zandu Pharmaceutical Works Ltd by 10.91 per cent through off-market deals, ending near the 15 per cent threshold set by the SEBI takeover norms. If crossed, it will make way for acquisition of ... More

Tata Motors plummets 8% on equity dilution
Drop in Q4 net, rising inflation lead to investors’ caution More

STOCK EXCHANGES
Eligibility norms for exchange traded currency futures
Mumbai, May 29 The technical committee, set up jointly by the Reserve Bank of India and SEBI, today issued a report listing the eligibility criteria for the exchanges wishing to trade in currency futures, members and clearing and settlement ... More

DERIVATIVES MARKETS
Nifty rollover at 66% is lower than normal
L&T, IFCI in limelight More

REGULATORY BODIES & RULINGS
SAT sets aside SEBI order against Holcim
‘The company had not violated takeover regulations’ More

RECOMMENDATION
TODAY'S PICK (Latest Audio: English/Tamil)
Praj Industries (Rs 184.55): Sell
We recommend a sell in Praj Industries from a short-term perspective. The stock had been on a medium-term uptrend from its March 2008 low of Rs 100 to its late May high of Rs 222. Triggered by negative divergence in the daily Relative Strength ... More

Day Trading Guide
The stock opened at our resistance level of Rs 1,850 and declined on selling pressure. We recommend a sell. L&TInitiate fresh long-position, only if the stock moves above Rs 2,930 level, with tight ... More

IPOS
L&T schedules first of 3 IPOs for 2009-10
Infotech arm most likely to lead listing More

Piramal Life slips after initial gains
Mumbai, May 29 Piramal Life Sciences Ltd (PLSL), the demerged research entity from Piramal Healthcare Ltd, made its debut on the BSE and NSE on Thursday, making it the second pharmaceutical research company to get listed, after Sun ... More






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