The Hindu Business Line : Friday, January 16, 2009

MARKETS

STOCK MARKETS: Sensex tanks 300 on Nortel, weak domestic support
All sectoral indices in the red; expectations low on Q3 results. Mumbai, Jan. 15 A string of bad news on the global front, and lack of buying support domestically sent the Indian indices into a tailspin ...

RECOMMENDATION: Balrampur Chini (Rs 50.6): Buy
We recommend a buy in Balrampur Chini Mills from a short-term perspective. The stock has been in a strong short-term uptrend from December 2, 2008 when it formed the low at Rs 29.7. It gained more than 80 per cent from this trough and is ...

FOREIGN INSTITUTIONAL INVESTORS: Sensex cos see no big change in shareholding
Despite heavy withdrawals by FIIs. The shareholding of promoters and FIIs in the Sensex companies showed very little change over the third quarter of the current fiscal, although the index tanked 26 per cent, FIIs recorded net sales of Rs ...

IPOS: NSDL, CDSL get reprieve from SAT
Mumbai, Jan. 15 The Securities Appellate Tribunal has set aside the much-talked about order of SEBI against the depositories National Securities Depositories Ltd and Central Depository Services Ltd after a lengthy hearing that spanned more ...

STOCK MARKETS: Telecom vertical under pressure for IT majors?
Nortel Networks filing for bankruptcy also adds to woes. After concerns about their BFSI (banking, financial services and insurance) clients facing turbulent times, IT services companies are now faced with worries relating to their telecom ...

STOCKS: Satyam Computer plummets yet again
As bailout hopes fade. Mumbai, Jan. 15 Satyam shares plunged more than 30 per cent on Thursday after reports that one of the three directors did not seem too keen on a financial bailout package from the ...

STOCKS: Bank stocks beaten down
Correction termed as a technical rebalancing. Banks stocks have been at the receiving end in the last few days after Axis Bank and HDFC Bank announced their quarterly numbers. Mr Arindam Ghosh, CEO of Mirae Asset Management, told Business Line ...

DERIVATIVES MARKETS: Stock futures shed open interest
Chennai, Jan. 15 Turnover remained moderate at Rs 40,218.44 crore; the Nifty future maintained the discount at around 18 points to end at 2718.6 against the spot close of 2736.7. It added about 39.28 lakh shares, while the un-matched ...

OPEN OFFERS: Overseas parent raises open offer price for Avery
Kolkata, Jan. 15 ITW Global, Avery India’s current overseas parent, on Thursday revised the price for open offer for a share from Rs 62.50 to Rs 81. The target for acquisition is 20 per cent of the paid up capital in Avery. Under ...

Columnists: • Harish Bijoor • Ramanujam Sridhar • S Ramesh Kumar • Radhika Chada

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Markets (Jan 15)

Nifty (at close)	2,736.70(-98.60)
US Dollar (Buy/Sell)	49.06/07
Brent crude (a bbl) Rs	2,205
Gold (a gram) Rs	1,202
Silver (a kg) Rs	18,260

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Satyam: Govt not looking at direct assistance or bailout for now

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Looking back
Jan. 4-Jan. 10
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There is a hole in my books, dear investor

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