The Hindu Business Line : Wednesday, March 04, 2009

MARKETS

RECOMMENDATION: PTC India (Rs 57.05): Sell
We recommend a sell in PTC India from a short-term perspective. The uptrend from the October 27 trough of Rs 43 was arrested at the 200-day simple moving average at Rs 75 and the stock has been declining since. The stock is currently halting ...

FOREIGN INSTITUTIONAL INVESTORS: Sensex plunges on late-hour FII selling
Overseas investors take out Rs 7,400 cr in 2 months. Mumbai, March 3 An intense bout of selling by FIIs in the last hour of trade on Tuesday dragged the Sensex down to a three-and-a-half ...

STOCKS: 60% of CNX-500 stocks plunge below Oct lows
90 stocks lose over 30% value since October 2008. BL Research Bureau The bellwether Nifty may have managed to close Tuesday’s trading session a whisker above its October 27, 2008 low, but it is quite likely that the value of your equity ...

MUTUAL FUNDS: MFs’ asset base grows 8.6%
‘Equity inflows down and money coming into debt funds’. Mumbai, March 3 The asset base of the mutual fund industry has crossed Rs 5 lakh crore in February, registering a growth of 8.6 per cent. In January the asset base had logged a ...

STOCKS: 3rd offer for Orissa Sponge
Bhushan Steel group offers Rs 330 a share. Kolkata, March 3 Orissa Sponge shareholders have been offered higher offer price in yet another competitive ...

STOCKS: Kalindee Rail gains after L&T buys stake
New Delhi/Mumbai, March 3 Kalindee Rail Nirman Engineers was one of top gainers on Tuesday with the stock closing at Rs 97, up 10.86 per cent against the last closing price of Rs 89 on the back of Larsen & Toubro hiking stake in the ...

FINANCIAL SERVICES: Geojit opens all-India call centre in Kochi
Kochi, March 3 The all-India call centre of Geojit Financial Services has started operations in Kochi. The company’s customer care cell that had been providing total client support to retail clients and B2B banking partners has grown ...

BONUS ANNOUNCEMENTS: BSE fixes March 13 as record date for issue of bonus shares
Mumbai, March 3 The Bombay Stock Exchange on Monday fixed March 13 as the record date for the allotment of bonus shares to ...

DERIVATIVES MARKETS: Banking counters turn active
Chennai, March 3 Turnover improved to Rs 41,297.48 crore in the F&O segment on Tuesday on the back of heavy selling. The Nifty March future closed below 2600-mark at 2590.85 against the spot close of 2622.4. It added about 31.7 lakh shares ...

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

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Markets (March 03)

Nifty (at close)	2622.40 (-52.20)
US Dollar (Buy/Sell)	52.04/06
Brent crude (a bbl) Rs	2,154
Gold (a gram) Rs	1,417
Silver (a kg) Rs	23,080

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