The Hindu Business Line : Thursday, January 13, 2005

CBDT prescribes forms for rebate on STT
THE Finance Ministry has prescribed the form in which an assessee claiming rebate on securities transaction tax (STT) should furnish the evidence of payment of such a tax along with the return of income. The United Progressive Alliance (UPA) ... More

TECHNICAL ANALYSIS

Bears march ahead
The sentiment reading of the tradable counters remains strongly bearish with no uptrend counters. Bull domination on Thursday would result in reducing the bear count without much affect on the prevailing bearish sentiment. Nifty futures ... More

STOCK EXCHANGES

London SE AIMs for small Indian cos
THE London Stock Exchange (LSE) is aiming to enlist small and even unlisted Indian companies for its AIM platform. Ms Tracey Pierce, head of International Business Development of LSE, told reporters here today that recently it has succeeded in ... More

STOCK MARKETS

Every seventh stock traded hits lower circuit
EVERY seventh stock traded on the BSE on Wednesday was locked in the lower circuit. A look at the BSE's statistics shows that 348 stocks hit the lower circuit out of a total of 2,432 scrips traded. When a stock hits lower circuit, there are ... More

Sensex still in correction mode; sheds 120 points
THE bourses continued their trend of corrections for the third day this week. The day's trading, characterised by extreme intra-day volatility, ended with the indices closing at their lowest level since November 25, 2004. The Sensex shed over ... More

Pharma stocks: Excise duty talk keeps them ill
PHARMACEUTICAL stocks, fairly in demand till recently, took a severe beating on Wednesday. Dealers said this was due to the uncertain environment surrounding contract manufacturing. The talk is that the Government may impose excise duty on ... More

DERIVATIVES MARKETS

Trend reversal likely in HPCL
THE following strategies are based on Wednesday's trading in the spot and the derivatives segment on the NSE: HPCL: The stock closed at Rs 366 in the spot market. The outlook may turn positive if the stock moves above Rs 380. In the ... More

FOREIGN INSTITUTIONAL INVESTORS

Reddy moots capping FII inflows — But not in favour of the move at this stage
DR Y.V. REDDY, Governor, Reserve Bank of India, today called upon the Government to have an option to impose a ceiling on FII inflows or even taxing them. However, he later clarified that the RBI was not in favour of imposing such a ceiling at ... More

The surge and participatory notes
THE RBI Governor's concerns on foreign institutional investment (FII) flows have to be viewed in the context of recent gyrations in the country's equity markets. Two facets of FII flows in recent times stand out. One, there has been a surge in ... More

`No plan to tax inflows'
THE Union Finance Minister, Mr P. Chidambaram, on Wednesday said that there was no proposal to tax foreign institutional inflows, setting at rest fears over such a possibility in the wake of the comments made by the Reserve Bank of India ... More

What they say
THE RBI Governor, Dr Y.V. Reddy, suggested monitoring quality and quantity of FII inflows and selective ceilings for the same, probably through the taxation route. ``The announcement by the RBI Governor would play a part in determining future ... More

COMMENTARY

Bear hug led by IT, pharma and banking stocks
THE bearish phase in equities, which has set in over the past week, continued in Wednesday's trading with a widespread decline in prices, cutting across sectors. Led by stocks such as Infosys, Reliance, ICICI Bank and Wipro, the ... More

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Textile export to quota countries in Jan-Dec up 5.48 pc

Gem & jewellery exports rise 43 pc in April-August

Every seventh stock traded hits lower circuit

Infosys widens clientele, sees good growth in BPO biz

Drastic fall in rubber prices unlikely

Industrial output grows 7.9 pc in November

Exports up 23.41 pcin April-December

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