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Tuesday, November 11, 2008
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STOCK MARKETS: Chinese stimulus package buoys markets
Sensex rises 572 points, Nifty up 5.89%; Asian markets react positively. Mumbai, Nov. 10 The equity market snapped its four-day losing streak on Monday as world markets surged after China announced a massive economic stimulus ...

RECOMMENDATION: Hindustan Construction (Rs 58.8): Buy
Investors can buy Hindustan Construction Company at current levels with a short-term perspective. The stock bottomed at Rs 30.1 on October 27 after a protracted down trend. It had rebounded from this support in January 2005 too. ...

STOCKS: Target prices of India Inc weighed down
Post-revision, stocks still have upside potential. Chennai, Nov. 10 The stock market turmoil might have prompted some downward revision in stock prices but global brokerage houses are bullish on quite a few Indian ...

FINANCIAL SERVICES: Trading terminals of 124 brokers disabled in October
Deactivation signifies lack of liquidity, say brokers. Mumbai, Nov. 10 The number of broker-member terminals deactivated by the NSE in October was more than double the deactivations in the ...

VENTURE CAPITAL: Manappuram receives Rs 108 crore through private equity funding
UK-based Ashmore Alchemy and US-based Granite Hill pump in money. Kochi, Nov. 10 Manappuram Group of companies has received Rs 108 crore from UK and US-based private equity firms along with participation by the promoter ...

STOCK MARKETS: Channelise PF, pension funds to stock market: ANMI
Ahmedabad, Nov. 10 In order to restore market confidence, the Association of National Exchanges Members of India (ANMI) on Monday urged the Government to set up a Sovereign Fund to support the equity of well-managed listed companies. It ...

STOCKS: Monorail project: Challenge for L&T
Consortium facing stiff deadline, standards. While bagging the country’s first monorail system project is no doubt, one more feather in Larsen & Toubro’s cap, the execution of this first-of-its-kind project in the country within ...

STOCKS: Iron ore duty cut: Chinese demand more critical
Revival package could help exports. Export duty on iron ore has once again been changed, but the relief from this move may only be marginal for domestic iron ore exporters. In end October, the 15 per cent ad valorem duty on iron ore fines was ...

DERIVATIVES MARKETS: Tata Steel’s open interest jumps
Turnover tumbles sharply. Chennai, Nov. 10 Despite sharp rally, turnover tumbled quite sharply to Rs 30,290.49 crore on Monday against Friday’s figure of 36,963.32 crore, indicating low level participation. The Nifty November future ...






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Markets (Nov 10)
Nifty (at close)3148.25(+175.25)
US Dollar (Buy/Sell)47.38/39
Brent crude (a bbl) Rs2,722
Gold (a gram) Rs1,089
Silver (a kg) Rs16,980

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