The Hindu Business Line : Tuesday, April 21, 2009

MARKETS

DIVIDEND ANNOUNCEMENT: TCS posts 7% rise in Q4 net profit; forex losses at Rs 192 cr
Mumbai, April 20 The current economic crisis coupled with losses related to forex hedging continued to weigh down the financials of Tata Consultancy Services, which reported a seven per cent rise in consolidated net profit for the three ...

RECOMMENDATION: Voltamp Transformers (Rs 456.75): Buy
We recommend a buy in Voltamp Transformers from a short-term trading perspective. It is apparent from the charts of Voltamp Transformers that after recording a 52-week low of Rs 265 on March 9, it reversed direction triggered by positive ...

RECOMMENDATION: Day Trading Guide
DLF was volatile in the last trading session and formed a spinning top candlestick pattern signalling indecisiveness. Avoid trading in this counter. The near-term outlook is cautious in ICICI Bank and ...

OPEN OFFERS: ‘Satyam to continue as independent entity’
Tech Mahindra to announce open offer for 20% today. Hyderabad, April 20 Tech Mahindra, which has deposited Rs 2,910 crore to acquire 51 per cent stake in Satyam Computer Services, has said that it will allow Satyam to continue as an independent ...

STOCK MARKETS: Shariah Nifty outsmarts Nifty this year
Refinery, software sectors have higher weightage. BL Research Bureau S&P CNX Nifty Shariah, the Shariah-compliant index carved out from the Nifty, has outperformed the benchmark in ...

ASSET MANAGEMENT COMPANIES: Bajaj Finserv, Allianz Global sign deal to set up asset management co
Plans to start operations within a year. Mumbai, April 20 Bajaj Finserv Ltd, a Bajaj group company, and Allianz Global Investors have signed an agreement to set up an asset management ...

ECONOMIC OFFENCES: SEBI bars promoters of GHCL from trading
Passes consent order in Nissan Copper IPO case. Mumbai, April 20 SEBI on Monday barred promoters of Ahmedabad-based GHCL Ltd and its promoter entities from dealing in the securities market until further orders for filing false shareholding of ...

FOREIGN INSTITUTIONAL INVESTORS: UBS, Noble in tie-up for mid-cap stocks’ data
Kolkata, April 20 UBS and Noble on Monday announced an strategic alliance by which 150-odd overseas clients of UBS will be able to access Noble’s specialised research in Indian mid- and small-cap stocks (with market capitalisation ...

STOCKS: Demerger of facility may lift sentiment for Welspun
Stake sale in subsidiary will help co focus better. Steel pipe-maker Welspun Gujarat Stahl Rohren’s decision to de-merge its plate-cum-coil mill into a 100 per cent subsidiary may help improve the market valuation for the parent ...

DERIVATIVES MARKETS: Unitech futures down, stock up
Chennai, April 20 Turnover declined to Rs 64,896.29 crore from Friday’s Rs 75,438.49 crore. The Nifty April future closed at 3370.7 against the spot close of 3377.1 and shed 29.94 lakh shares in open interest ...