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Thursday, October 29, 2009
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RECOMMENDATION: Tata Communications (Rs 438.1): Sell
We recommend a sell in the stock of Tata Communications from a short-term perspective. It is apparent from the charts of the stock that following a medium-term uptrend from Rs 382 in February it changed direction. Since then, it has been on ...

RECOMMENDATION: Day Trading Guide
Utilise rallies to sell DLF with tight stop-loss at Rs 412. We recommend a buy in ICICI Bank with stiff stop-loss at Rs 800. Fresh long position can be initiated if Infosys moves above ...

ECONOMIC OFFENCES: Shankar Sharma’s plea against ban dismissed
SAT upholds market regulator’s charge on manipulative trades. The Securities Appellate Tribunal (SAT) on Wednesday dismissed an appeal filed by Mr Shankar Sharma against a February 2009 SEBI order that barred him from accessing the ...

INVESTOR PROTECTION: Class Action suit provision in Cos Bill to compensate investors
New Delhi, Oct. 28 The Corporate Affairs Minister, Mr Salman Khurshid, on Wednesday said that the Companies Bill, 2009 will also have provisions for Class Action suits that will allow investors to seek compensations ...

STOCKS: Metal counters lose shine on LME volatility
Financial performance, profit-booking drag sentiment. Mumbai, Oct. 28 The BSE metal index has dipped over 8 per cent in the last one week against the 4 per cent drop in ...

ECONOMIC OFFENCES: Shankar Sharma, wife behind fictitious trading: SAT
Mumbai, Oct. 28 Synchronised trading is a form of stock manipulation where the similar and opposite buy and the sell orders are put into the system at almost the same time, in order to ...

REGULATORY BODIES & RULINGS: SEBI in pact with Dubai regulator
Mumbai, Oct. 28 SEBI has inked a memorandum of understanding with Dubai’s regulatory agency, Dubai Financial Services Authority (DFSA), for bilateral assistance and ...

STOCKS: Overseas advances help BoB post strong profit growth
Loan restructuring improves SME portfolio. Bank of Baroda has posted a strong profit growth, which was in line with most other public sector banks’ ...

DERIVATIVES MARKETS: Short rollovers seen in ICICI Bank
Chennai, Oct. 28 Turnover crossed the Rs 1-lakh-crore mark for the second day in a row on Wednesday in F&O ...


Columnists: Harish Bijoor Ramanujam Sridhar S Ramesh Kumar Radhika Chada




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Markets (Oct 28)
Nifty (at close)4,826.15(-20.55)
US Dollar (Buy/Sell)47.34/35
Brent crude (a bbl) Rs3,541
Gold (a gram) Rs1,486
Silver (a kg) Rs27,960

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