Financial Daily from THE HINDU group of publications
Friday, September 09, 2005
Markets (Sept 8)
BL 2502424.71 (+21.14)
BSE Sensex8052.56(+105.78)
S&P CNX Nifty2454.45 (+25.80)
US Dollar (Buy/Sell)43.85/43.98
Gold Std (10 gm)6380 (+5)

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Riding a high tide
In Kerala, a growing number of shippies or merchant navy professionals are entering equity. This high-earning group, often the target of fly-by-night operators, finds equity not only profitable but safer too! More

Cashing in on the Indian growth story
"FIIs are not donating to this country; they are buying into India because they believe they can make money here." — Porinju Veliyath More


SEBI to probe penny stocks movements
THE Securities and Exchange Board of India (SEBI) has identified a few cases of price manipulations in small-cap stocks in the bull-run that has seen the Sensex rise to 8,000 points and beyond, according to Mr M. Damodaran, SEBI Chairman. The ... More

Himatsingka to issue 1:1 bonus; to go in for stock split
SILK fabric manufacturer and exporter Himatsingka Seide plans to issue 1:1 bonus even while going in for a stock split simultaneously. The board of directors of Himatsingka approved the stock split and the bonus issue on Thursday. Himatsingka ... More

Radaan Media plans to raise Rs 50 cr
RADAAN Mediaworks India Ltd plans to raise Rs 50 crore from the market to fund its acquisition plans. Company sources said it has one or two smaller media houses on its radar for acquisition. It also plans to create new content, which is ... More

Magadh SE: SEBI to take up issue with DLF
THE Stock Exchange Board of India (SEBI) is likely to look into the workings of DLF Commercial Developers, the Delhi-based group that was named as the acquirer in the Bhoruka Financial Services dealings — the counter that was unlawfully ... More


Bulls march ahead
BULLS are in total control of Thursday's trading activity. The sentiment reading of the tradable counters remains strongly bullish. Bear domination on Friday has the potential to change the sentiment reading in their favour. Nifty futures ... More


Sensex breaches 8,000-level — Nifty gains 25 points to close at 2,454
FLUSH with foreign institutional investors' funds, the BSE Sensex created history and breezed past the 8,000-level mark on Thursday. The momentum in the bourses, especially over the last three months, has rendered records and `all-time highs' ... More

Index heavyweights lead Sensex rally
NOTHING came in the way of the bulls on Thursday, the day after Ganesh Chathurthi, not even the words of caution from analysts of prominent foreign brokerages who believe that current valuations in the market are stretched. The markets went on ... More

The boom path of Sensex
THE Bombay Stock Exchange 30-share Sensitive Index (Sensex), which has acquired a unique place among investors - both in the country and abroad, reached another milestone today as it crossed the 8,000-mark. The Sensex in its 20 years history ... More

Book partial profits and sit on cash, say brokers
WITH the Sensex closing above the 8,000-mark, stockbrokers have advised investors to book partial profits and sit on cash. Officials at several top broking firm said they are advising traders to sit on 30 per cent cash and enter the market at ... More

Sensex zoom: India Inc upbeat on healthy economy
WITH the Sensex touching a new landmark of 8,000 points on Thursday, India Inc remained upbeat on the zooming markets and attributed the growth to healthy performance of the economy of the country. The Associated Chamber of Commerce and ... More

Sensex 8000: Cause for concern or celebration?
RECORDS have become a matter of routine for the indices lately. However, despite the fast clip at which the Sensex was galloping after crossing the 7,000- level, analysts were chary of predicting a quick 8,000. At the beginning of this week, ... More

De-merger plan kicks up interest in JK Corp
JK Corp on Thursday created its 52-week high at Rs 81.90 and closed at Rs 79.70, up 11.55 per cent. According to market sources, the stock is being accumulated by a section of players ahead of a proposed de-merger of its investment wing. The ... More


Not a cause for worry: Chidambaram
ASSERTING that the Government and the capital market regulator were keeping a close watch on the domestic bourses, the Finance Minister, Mr P. Chidambaram, today said that the Sensex crossing the 8,000 points level was not a cause for "worry or ... More


Govt considering review of investor protection norms
THE Ministry of Company Affairs is considering reviewing the existing investor protection norms as well as widening the scope of the Investor Education & Protection Fund (IE&PF). A senior Ministry official said that while any major policy .. More
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Top Stories
Commodity prices touch 24-year high in Aug — India, China glitter in gold sales

The boom path of Sensex

Sensex 8000: Cause for concern or celebration?

Book partial profits and sit on cash, say brokers

Ministry unhappy over lower growth projections — Govt asks PSBs to rework annual goals

Crude prices unlikely to come down: ONGC chief

Synthetic, rayon textiles exports up 12 pc

Govt clears IA-Airbus Rs 9,890-crore deal

In Focus

BHEL Disinvestment
The Yuan Revaluation
Dabhol power regenerated
Tracking the rains
Sethusamudram Canal Project
India Inc's overseas acquisition

In Depth

Gender Justice
Simple Economics
Tax Talk

Looking back
Aug. 28-Sep. 3
MFs keep away from oil stocks

Net trading still on low key at stock exchanges

LIC to invest Rs 9,000 crore more in equities this fiscal — No plans for public issue, says Chairman

UTI ULIP's asset base swells

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