The Hindu Business Line : Friday, June 12, 2009

MARKETS

REGULATORY BODIES & RULINGS: Delisting: Shareholders get one year to tender shares
Existing guidelines allow only six months. Mumbai, June 11 Shareholders of a de-listed company will be allowed at least one year after the date of delisting to tender their shares to the promoters of the company, according to the delisting ...

RECOMMENDATION: Ashok Leyland (Rs 32.6): Sell
We recommend a sell in Ashok Leyland from a short- and medium-term perspective. The stock has been charting a strong up-trend since its January trough of Rs 13.4. The rally that ensued from this level has resulted in a retracement of over 50 ...

STOCKS: L&T makes Rs 1,037 cr by exiting UltraTech
Mumbai, June 11 Engineering and construction major Larsen and Toubro has made a little over Rs 1,000 crore profit through sale of its residual stake in ...

STOCKS: Satyam climb continues
Stock back on analysts’ radar. Sentiment towards Satyam Computer seems to have improved after the software company announced financials till ...

STOCKS: Bata jumps 44% in a month
Company’s performance kicks against retail slowdown. Kolkata, June 11 Bata India on Thursday gained 3.5 per cent after shooting up around 6 per cent on Wednesday on value ...

MUTUAL FUNDS: HDFC Mutual Fund hikes stake in Nagarjuna Const
Hyderabad, June 11 HDFC Mutual Fund has announced that it has hiked its stake from 5.12 per cent in October 2008 to 7.12 per cent in June 2009 in Nagarjuna Construction Company Ltd by acquiring shares from the ...

REGULATORY BODIES & RULINGS: Bourses should give nod for delisting: SEBI
Mumbai, June 11 Stock exchanges have to approve a delisting company’s compliance with the listing agreement, according to new ...

STOCKS: Tata Tea’s Q4 numbers give little reason to cheer
Reported profits fall to less than 10% of last year’s numbers. A substantial boost from exceptional gains last year has resulted in a sharp dip in the reported profits for Tata Tea for the latest quarter and the year ended ...

DERIVATIVES MARKETS: Sesa Goa hogs the limelight
Chennai, June 11 Turnover dipped to Rs 63,464.28 crore in the F&O segment on Thursday. The Nifty future was volatile and ended on soft note at 4650.3, a drop of 0.22 per cent. The premium with respect to the Nifty spot, which ended at ...

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

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Markets (June 11)

Nifty (at close)	4,625.75(-29.50)
US Dollar (Buy/Sell)	47.60/61
Brent crude (a bbl) Rs	3,344
Gold (a gram) Rs	1,363
Silver (a kg) Rs	24,810

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