The Hindu Business Line : Tuesday, October 07, 2008

MARKETS

FINANCIAL MARKETS: Sensex sinks below 12,000
Global stocks pummelled. Mumbai, Oct. 6 The benchmark Sensex fell by a massive 724 points to close below the 12000-level for the first time in more than two years, as the panic in the international markets gripped domestic ...

REGULATORY BODIES & RULINGS: Curbs on P-notes lifted
Mumbai, Oct.6 The SEBI board on Monday lifted the October 2007 restrictions on issue of participatory notes by foreign institutional investors with immediate effect, a move widely perceived to bring in more funds to lift the sagging ...

RECOMMENDATION: BEML (Rs 583.30): Sell
We recommend a sell in BEML from a short-term trading perspective. It is clearly visible from the charts of BEML that it has been on a downtrend from its December 2007 high of Rs 1,849. Since then the stock has been forming lower bottoms ...

ANNOUNCEMENTS: Corporate developments
Era Infra Engineering Ltd, an integrated infrastructure development company with pan-India presence, has been awarded contracts worth Rs 785.23 crore during Q2 FY2008-09. Further, KMB-ERA (JV), (an AOP) ...

RECOMMENDATION: Day Trading Guide
Initiate fresh long-position if the stock moves above Rs 505 with stiff ...

FOREIGN INSTITUTIONAL INVESTORS: Rupee falls by 73 paise to touch 47.81
Stock market crash, demand for dollars pull the rupee down. Mumbai, Oct. 6 The Indian rupee continued its free fall against the dollar, depreciating by around 73 paise ...

STOCKS: 12000 round trip: Winners and losers
Infra, power, financial stocks gain. The Sensex may be back where it was two years ago — struggling to hold on to 12,000 levels, but whether your portfolio value is back to where it was depends completely on the stocks you hold. If you ...

STOCKS: 225 stocks hit all-time lows
Most realty counters find place on the list. Chennai, Oct. 6 The Monday bear haemorrhage pushed as many as 225 stocks to hit their new lows on the ...

FOREIGN INSTITUTIONAL INVESTORS: P-Note regulation only a cosmetic change: Analysts
‘The relaxation is a step back in transparency’. Mumbai, Oct. 6 SEBI’s restrictions on issue of P-Notes by FIIs and its decision now to remove them will have only a cosmetic impact on the inflow and outflow of foreign funds, ...

FOREIGN INSTITUTIONAL INVESTORS: Marketmen welcome FII relaxation but don’t see immediate fund flow
Mumbai/Delhi, Oct. 6 Even though the market watchdog SEBI, has removed restrictions on issue of Participatory Notes by FIIs, marketmen feel that during such bearish times measures such as this may not bring in ...

IPOS: Alkali Metals to hit bourses for financing its 3rd plant
Hyderabad, Oct. 6 Alkali Metals Ltd is entering capital market with offer of 25,50,000 equity shares of Rs 10 each at a price band of Rs 90-105 to part fund the setting up of a new manufacturing base in Jawaharal Nehru Pharma City at ...

IPOS: 20 Microns slips 38% on Day 1
Mumbai, Oct. 6 The first company to use the Applications Supported by Blocked Amount (ASBA), 20 Microns, on its listing day on Monday closed 38.38 per cent below its issue price of Rs 55 on the NSE. It closed at Rs 33.65. The stock touched ...

FOREIGN INSTITUTIONAL INVESTORS: P-Notes: SEBI move not to impact rupee
Mumbai, Oct. 6 SEBI’s move to remove restrictions on participatory notes will not have much of a stabilising impact on the depreciating rupee, said ...

STOCK MARKETS: Another dull day
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DERIVATIVES MARKETS: Stock futures see short accumulations
Nifty 3800 call adds open interest. Chennai, Oct. 6 Turnover improved marginally to Rs 46,853 crore in the F&O segment on the NSE on Monday against Friday’s turnover of Rs 44,983 ...

STOCKS: Consolidated Const: Airport order bodes well
New order top help it in expansion plans. Consolidated Construction Consortium has further strengthened its position in airport infrastructure with the recent bagging of the Rs 1,212-crore Chennai airport project. The order, awarded by the ...