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Saturday, June 27, 2009
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MARKETS

COMMENTARY: Sensex rebounds 419 pts, Nifty rises 3.15%
New stock weightage method, global cues buoy sentiments. Mumbai, June 26 After many days of relentless profit booking that dragged down stocks, the markets rose sharply on Friday as the Nifty introduced the free float method for computation of ...

INVESTMENTS: MF distributors object to entry load in SEBI forum
Only 3 AMCs responded to regulator’s discussion paper. Research Bureau With SEBI making public the responses received on its discussion paper inviting comments on mutual funds’ entry load issue, it becomes quite clear that ...

IPOS: Adani Power IPO likely in July
Plans to generate over Rs 2,000 crore to part-fund projects. Ahmedabad, June 26 Adani Power Ltd (APL) is likely to hit the capital market in the third week of July to collect over Rs 2,000 crore, depending on the price band, to part-fund ...

FOREIGN INSTITUTIONAL INVESTORS: Unitech raises $575 m through QIP issue
New Delhi, June 26 Real estate company Unitech Ltd on Friday kicked off a process to raise nearly $575 million by selling fresh shares to a clutch of institutional ...

MUTUAL FUNDS: MF entry load removal could hit tax collections
Could pose administrative challenge. Mumbai, June 26 SEBI scrapping the entry load for investment in mutual funds and its directive that upfront commission be paid directly to distributors by investors are likely to impact service tax ...

INVESTMENTS: LIC raises Bharati Shipyard stake to 9.66%
Chennai, June 26 Life Insurance Corporation has increased its stake in Bharati Shipyard to 9.66 per cent through recent ...

FOREIGN INSTITUTIONAL INVESTORS: Credit Suisse in sell mode; offloads in 12 counters
Chennai, June 26 Credit Suisse First Boston offloaded heavily on Thursday through various accounts in as many as 12 counters, according to NSE bulk deal ...

COMMENTARY: Markets this week
Heavy selling in blue chips with a more than 4 per cent fall in Reliance Industries stock dragged shares lower on Monday. The other major losers were Tata Power, Hindalco, Grasim ...

STOCKS: HBL Power board clears stock split
Hyderabad, June 26 HBL Power Systems Ltd has informed the NSE that the company’s board on Thursday recommended sub-division of shares from Rs 10 each into 10 shares of Re ...

STOCKS: Operations abroad hit Tata Steel
Extraordinary items played a big role in boosting profits. BL Research Bureau Predictably, Tata Steel’s overseas operations proved to be a drag on its performance, even as its Indian operations concluded 2008-09 with reasonable profit ...


Columnists: Harish Bijoor Ramanujam Sridhar S Ramesh Kumar Radhika Chada




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Markets (June 26)
Nifty (at close)4,375.50 (+133.65)
US Dollar (Buy/Sell)48.10/11
Brent crude (a bbl) Rs3,379
Gold (a gram) Rs1,369
Silver (a kg) Rs23,700

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