The Hindu Business Line : Friday, April 24, 2009

MARKETS

STOCK MARKETS: Sensex gains over 300 on heavy buying in IT, metal stocks
Mumbai, April 23 Heavy buying in index stocks, particularly in IT and metal sectors, pushed up the benchmark indices on Thursday as market sentiment was boosted by expectations of better corporate ...

RECOMMENDATION: EIH (Rs 117.10): Buy
We recommend a ‘buy’ in the EIH stock from a short-term perspective. It is evident from the charts of EIH, that following an intermediate-term downtrend between late December 2008 and March 2009 from Rs 146 to Rs 85, the stock ...

RECOMMENDATION: Day Trading Guide
DLF is consolidating sideways desist trading in this counter. Initiate fresh long position if the ICICI Bank exceeds Rs 434 and SBI surpasses Rs 1,280, with tight stop-loss. On Thursday, ...

ECONOMIC OFFENCES: SEBI debars Pyramid Saimira promoters Nirmal Kotecha, Saminathan
Over 250 other entities also barred from trading in market. Mumbai, April 23 Markets regulator SEBI has in an interim order debarred Mr Nirmal Kotecha, a former promoter of Pyramid Saimira Theatre Ltd (PSTL), and over 250 other entities from ...

OUTLOOK: Domestic markets likely to see high volatility
NSE volatility index surges above 50. Mumbai, April 23 The domestic stock market may see more uncertainty in the near term, going by the way the NSE Volatility Index (VIX) has closed above 50 for the last six ...

STOCKS: Penny stocks make it the most
26 of 34 stocks score gains in recent rally. BL Research Bureau The trading favourites in the current rally have been the stocks that were priced ‘below Rs 15’. 26 of the 34 stocks priced Rs 15 or below in the BSE 500 basket have ...

IPOS: NHPC registers 4.6% rise in fiscal 2009 profit
Initial public offer after market improves. New Delhi, April 23 Hydro power firm NHPC Ltd on Thursday reported a 4.6 per cent rise in its provisional net profit at Rs 1,050 crore for the fiscal ended March 31, ...

FOREIGN INSTITUTIONAL INVESTORS: Titagarh Wagons sees drop in FII holdings ahead of planned merger
Kolkata, April 23 Titagarh Wagons has seen around 3.78 percentage points drop in FII holding in its equity in the fourth quarter to March 31 as compared to the previous quarter. However, holdings of five overseas investors — GE ...

STOCKS: Ruia pledges 51% Dunlop stake
Kolkata, April 23 The Ruia Group has pledged 51 per cent of its 74.5 per cent shareholding in Dunlop India with an Indian private bank to raise $125 million (Rs 600 crore) loan in October 2008. The company had notified the same in BSE on ...

OUTLOOK: Goldman Sachs CEO sees hopeful signs of US recovery
There are some `hopeful signs' of the recovery of the US economy, according to Mr Lloyd Blankfein, Chairman and Chief Executive Officer, Goldman ...

MUTUAL FUNDS: On new platform
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DERIVATIVES MARKETS: Tata Steel, HDIL hog limelight
Chennai, April 23 Turnover dipped to Rs 68,331.06 crore even as the rollover to next month series for Nifty future picked up and stood at 29 per cent. The Nifty April future closed at 3,426.05 against the spot close of 3,423.07, but shed about ...