The Hindu Business Line : Thursday, April 23, 2009

MARKETS

RECOMMENDATION: Aptech (Rs 96.70): Sell
We recommend a sell in Aptech stock from a short-term trading perspective. It is apparent from the charts of Aptech that from March low of Rs 64 the stock rallied till mid April to Rs 123, when it was on a medium-term ...

RECOMMENDATION: Day Trading Guide
DLF is experiencing selling pressure. Initiate fresh short potion if the stock declines below Rs 220, with tight stop-loss. The near-term outlook is bearish for ICICI Bank and SBI. ...

DERIVATIVES MARKETS: F&O rejig may quell speculative froth
45 of the 50 stocks closed in the red on Wednesday. BL Research Bureau The National Stock Exchange’s decision to exclude 50 stocks from the F&O list appears to be a move in the right direction, especially since a good number of these ...

STOCKS: Inventors continue to ring telecom counters
Biz scope and significant profit margins attract long-term players. Kolkata, April 22 Telecom stocks have not seen flagging of interest from investors, both local and global, despite the slowdown and underperformance for most part of Q4 ...

IPOS: Adani Power revives public issue
Mumbai, April 22 Adani Power has re-filed its draft red herring prospectus (DRHP) for IPO, after dropping plans last year, scaling down the size of offering. The funds would be raised for building a 6,600-MW, instead of 9,900-MW, plant that ...

FOREIGN INSTITUTIONAL INVESTORS: Is FII selling due to ODI compulsions?
Mumbai, April 22 SEBI’s deadline for the closing out of ODIs or Overseas Derivative Instruments (with Indian shares underlying) issued by FIIs to unregulated foreign entities ended on March 31, with the close ...

OPEN OFFERS: Tech Mahindra open offer for Satyam from June 12
Mumbai, April 22 Tech Mahindra’s open offer for a 20 per cent stake in Satyam Computer Services will commence on June 12 and close on July 1. The offer follows the acquisition of a 31 per cent stake in the company ...

ECONOMIC OFFENCES: Wockhardt CFO, 2 others opt for voluntary debarment
Mumbai, April 22 SEBI has passed a consent order against Mr Rajiv B. Gandhi in the matter of fraudulent dealing in the shares of Wockhardt Ltd while acting as Company Secretary and Chief Financial ...

DERIVATIVES MARKETS: Stock futures continue to shed open interest
Chennai, April 22 Turnover remained high at Rs 70,646 crore in the F&O segment. The NSE Nifty future closed in discount with respect to spot close at 3323.4 and shed about 30.64 lakh shares in open interest. The Nifty spot closed the day ...