The Hindu Business Line : Thursday, August 14, 2008

MARKETS

REGULATORY BODIES & RULINGS: SEBI board reviews P-Notes data but takes no decision
Timeline taken for rights issue reduced to 43 days. Mumbai, Aug. 13 The much-debated issuance of Participatory Notes by foreign institutional investors was taken up by the SEBI board on Wednesday, but there was nothing by way of any decision ...

RECOMMENDATION: Gammon India (Rs 244.85): Buy
We recommend a buy in Gammon India from a short-term perspective. From the charts of Gammon India, we notice that its intermediate-term downtrend, which began in early January from a high of Rs 845 had come to an end in early August, with the ...

RECOMMENDATION: Day Trading Guide
After forming a bearish engulfing candlestick pattern, the stock fell 3 per cent in the last trading session. We recommend a sell in the counter. ...

STOCK EXCHANGES: Take stock of her share
This former president of the Bombay Stock Exchange has “the nose to spot a mess” and clean it up.. The stock markets are giving the poor unsuspecting investor the jitters. Dalal Street, home to the benchmark Sensex, seems to be ...

STOCK MARKETS: Stocks entering F&O list turn buoyant
39 stocks to be included in derivatives by August 21. Mumbai, Aug. 13 While the Sensex dipped more than 100 points today, the 39 scrips that will be included in the futures and options (F&O) by the end of August surged today. It was ...

RIGHTS ISSUE: Hindalco decision on rights issue pricing today
Market speculated about how much discount to the six-month average price would be allowed by Hindalco Industries for its rights issue. The average price of Hindalco, which would decide its rights issue price on Thursday, in the past six months ...

FOREIGN INSTITUTIONAL INVESTORS: GPC picks up 20% in Azure for $32.5 m
Ahmedabad, Aug 13 The London-based strategic investment firm Greater Pacific Capital took a 20 per cent-plus stake in Azure Knowledge Corporation Pvt Ltd, an IT/ ITES player for $ 32.5 million, said Mr Pradeep Udhas, Managing Director, GPC ...

FINANCIAL SERVICES: Macquarie Securities announces 6 new appointments in India
Mumbai, Aug. 13 Macquarie Securities Group (MSG), the institutional securities arm of Macquarie, announced six new appointments in the country as part of its expansion plans. ...

IPOS: Gujarat NRE files case against Austral Coke
Kolkata, Aug 13 Gujarat NRE Coke Ltd today filed a civil suit in the Calcutta High Court against Austral Coke and Projects Ltd, its directors, auditors, merchant bankers and others associated with Austral Coke’s IPO seeking financial ...

REGULATORY BODIES & RULINGS: Slew of measures

ANNOUNCEMENTS: Corporate developments
Coimbatore, Aug 13 Gangotri Textiles Ltd has informed that a meeting of the Board of Directors scheduled on August 14, for the purpose of deciding preferential allotment of shares to the promoters, has been ...

IPOS: Resurgere IPO subscribed 1.16 times
Mumbai, Aug. 13 The initial public offering of Resurgere Mines and Minerals was subscribed a total of 1.16 times across the price band. The issue received bids for a total of 51.4 lakh shares against the 44.5 lakh shares on offer. The portion ...

REGULATORY BODIES & RULINGS: SEBI appointment
Mumbai, Aug. 13 SEBI board on Wednesday approved the appointment of Mr J. Ranganayakulu as Executive Director (legal). He was earlier Chief General Manager with the regulator in the same ...

DERIVATIVES MARKETS: Most stock futures see accumulation in open interest positions
DLF future rules in discount. Chennai, Aug. 13 Trading volume declined to Rs 43,947 crore on Wednesday against Tuesday’s figure of Rs 52,461.81 crore. The Nifty August future closed at 4550.7, which is about a 20-point premium over the ...

STOCKS: Tata Steel’s Vietnam deal - a good mining
Further bid for global diversification. The joint venture agreement of Tata Steel, through its wholly-owned subsidiary Tata Steel Global Holding Pte Ltd, Singapore, with Vietnam Steel Corporation (VSC), the largest steel company in Vietnam and ...