Business Daily from THE HINDU group of publications
Wednesday, June 18, 2008
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Markets (June 17)
BSE Sensex15696.90 (+301.08)
S&P CNX Nifty4653 (+80.50)
US Dollar42.92 (-0.06)


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ANNOUNCEMENTS
Corporate developments
Coimbatore, June 17 Ipca Laboratories Ltd has received approval from the USFDA to manufacture and market Metoclopramide tablets USP 5 mg and 10 mg in the US market, which would be marketed by Ranbaxy Pharmaceuticals Inc, a ... More

NEW FUND OFFER
Mirae’s fund to invest in Brazil, Russia, China firms
Mumbai, June 17 Mirae Asset Mutual Fund has filed offer document with SEBI for an equity-oriented fund that will invest in equities of leading companies having their primary activity in Brazil, Russia or China.The proposed fund will ... More

STOCKS
Stocks gain on higher advance tax collection
Mumbai, June 17 Investors were back in the market on Tuesday encouraged by reports of a healthy advance tax collection from corporates. A fairly widespread monsoon also drove equity markets up in the positive direction for the second day. The ... More

Ashok Leyland shareholders to get stake in Nissan jt venture
Rs 3,000-cr capex programme lined up for next 3 years More

Insider ‘buys’ in falling market
IDFC, Marico, PVR, Patel Engg see action More

BSE revises composition of sectoral indices, PSU index
Mumbai, June 17 The Bombay Stock Exchange has revised the composition of the sectoral indices and the BSE PSU index. The BSE has 13 sectoral indices that measure the performance of different segments of the economy through movement of the ... More

Banking stocks rise on advance tax payment figures
Investors feel things are not that negative with the sector More

Torrent Pharma up on block deal
Mumbai, June 17 Riding on the back of a mega block deal of 25.8 lakh shares, the Ahmedabad-based Torrent Pharmaceuticals rose by almost 20 per cent on the BSE and NSE. The shares were rejigged within the promoter group, according to company ... More

STOCK MARKETS
Brokerages feel the heat as volumes dry up
Branch expansions, diversification help mitigate impact More

DERIVATIVES MARKETS
Shree Renuka Sugars hogs limelight
Nifty future discount widens More

RECOMMENDATION
TODAY'S PICK (Latest Audio: English/Tamil)
Allcargo Global Logistics (Rs 795): Buy
We recommend investors buy the stock of Allcargo Global Logistics with a short-term perspective. From the charts, we see that it has been on a long-term downtrend from its January 2007 peak of Rs 1,355 to its June 2008 low of Rs 620. ... More

Day Trading Guide
On Tuesday, the stock surpassed the 21-day moving average, accompanied with above-average volume. We recommend a buy.Infosys The stock is pausing at current levels. Avoid trading in this counter for the ... More

IPOS
Archidply Industries subscribed 1.52 times
Lotus Eye Care extends IPO date More






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

ADB World Outlook 2008

ADB's Outlook on India

Union Budget 2008-09

Railway Budget 2008-2009

Economic Survey 2007-2008

In Focus
Ranbaxy-Daiichi deal

People's car

Other Top Stories
SEZ tax issue: Nasscom seeks clarification

RBI tightens deposit norms for small NBFCs

Ashok Leyland shareholders to get stake in Nissan jt venture

Irrational exuberance on food front

BIA is Bangalore’s new advertising hotspot

Ranbaxy sell-out — Indian entrepreneurs not come of age yet?

‘India destination No 2 for global sourcing’

Looking back
Jun. 8-Jun. 14
Divi’s Labs annual net surges 87% on higher sales

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