The Hindu Business Line : Friday, March 06, 2009

MARKETS

FOREIGN INSTITUTIONAL INVESTORS: Sensex hits 3-year low as negative sentiment rules
RBI’s rate cuts, low inflation rate fail to lift markets. Mumbai, March 5 The Sensex on Thursday plunged to its lowest in over three years as foreign institutional investors continued to sell stocks. The Reserve Bank on Wednesday cut ...

RECOMMENDATION: NTPC (Rs 172.90): Sell
We recommend a sell in National Thermal Power Corporation (NTPC) from a short-term trading perspective. It is apparent from the charts that the stock was on an intermediate-term uptrend from its October 2008 low of Rs 113 to its January 2009 ...

RECOMMENDATION: Day Trading Guide
Fresh short-position can be initiated if DLF declines below Rs 142 and ONGC tumbles below 640, with tight stop-loss. Contrary to our view, ICICI Bank and SBI declined ...

STOCK MARKETS: 160 stocks hit year’s low
Kolkata, March 5 Dalal Street saw as many as 160 stocks hit their year-low on Thursday. Seven of the 30-stock benchmark index- Sensex – touched the 52-week low and two others came perilously close to the year-low levels. HDFC, HDFC ...

MUTUAL FUNDS: Bank funds suffer more
Private banks lead slide. Banking stocks were among the more resilient during the market meltdown and more so during the steep correction between October and November last year. But they have finally buckled under pressure over the past couple ...

STOCKS: ONGC down as Goldman Sachs maintains sell
Co denies any corporate governance issues. Mumbai, March 5 ONGC shares shed two per cent on the exchanges on Thursday as Goldman Sachs cited corporate governance concerns about the company in its report, which maintained its “sell” ...

STOCKS: Aurobindo Pharma-Pfizer deal: Positive for both companies
Aurobindo Pharma has entered into an in-licensing and supply agreement with Pfizer Inc for the supply of finished dosage products. Under the terms of the agreements, Pfizer has acquired rights to 39 generic solid oral dose products in the US ...

DERIVATIVES MARKETS: Nifty lower put strike sees accumulation
Chennai, March 5 Turnover remained robust at Rs 46,285.7 crore in the F&O segment on the NSE on Thursday as the market went into ...

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

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Markets (March 05)

Nifty ( at close)	2576.70(-68.50)
US Dollar (Buy/Sell)	51.83/87
Brent crude (a bbl) Rs	2,373
Gold (a gram) Rs	1,393
Silver (a kg) Rs	23,345

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