Business Daily from THE HINDU group of publications
Wednesday, July 05, 2006
Markets (July 04)
BSE Sensex10662.22(-33.04)
S&P CNX Nifty3138.65(-12.30)
US Dollar (Buy/Sell)46.02 (-0.04)


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MARKETS

FINANCIAL SERVICES
SEBI set to revise registration fees after 9 years
Details of market entities category being worked out More

STOCKS
P&G picks up 41% in Gillette
FMCG company Procter & Gamble India Holdings has acquired 41.02 per cent stake held by Gillette Company US in Gillette India Ltd, following the global acquisition by P&G of Gillette, last year. GIL in a communiqué to the National Stock Exchan More

Pitti allots shares, warrants
The board of directors of Pitti Laminations Ltd at its meeting on June 30 allotted 9.6 lakh equity shares of Rs 10 each for cash at a price of Rs 120 per share (including premium of Rs 110 per share) to promoters and non-promoter ... More

TECHNICAL ANALYSIS
Bear domination
Bears dominated over Tuesday's trading activity. The sentiment reading of the tradable counters remains bullish. Bear domination on Wednesday is likely to neutralise the sentiment reading in their favour. On the contrary, the prevailing bullish ... More

STOCK MARKETS
Bourses witness lowest turnover
As rain and water-logging continued to hammer the financial capital for the fourth consecutive day today, activity in equities and indices movement were nearly at a stand-still for lack of participation. The stock markets reported lowest total ... More

TTK Prestige: Up on performance hopes
The stock of TTK Prestige is being touted as a good investment bet and to be accumulated at declines. The stock has gained 12 per cent since last week. TTK, which has repositioned itself as a kitchen solutions company, is the only one in this ... More

SBI: Banking on subsidiaries
State Bank of India, which was in the news on Tuesday for issuing dividend, is also being talked of as being an attractive buy once its subsidiaries go to the market to raise money. Analysts are of the view that there will be value unlocking ... More

Steel stocks betting on numbers
Shares of steel companies have been on the rise of late on expectation of robust numbers for the first quarter of current year , say marketmen. According to analysts, given the periodic hike in steel prices, steel companies such as SAIL, ... More

FOREIGN INSTITUTIONAL INVESTORS
Actis to invest $44.4 mn in Phoenix Lamps
Co to also fund expansion of Add Life Medical More

REGULATORY BODIES & RULINGS
`No disharmony likely between SEBI, proposed Cos Act'
Companies Act, 1956 would always remain the mother Act, while regulatory institutions such as SEBI would be concerned only with listed entities. More

COMMENTARY
Bellwether indices continue to move within narrow range
More

ECONOMIC OFFENCES
Dinesh Dalmiya appeals against order
Mr Dinesh Dalmiya, the prime accused in the Rs120-crore scam of the Calcutta Stock Exchange in 2001, on Tuesday filed an appeal challenging the order of Mr Justice Protap Kumar Roy, rejecting his petition seeking quashing of FIR lodged by the ... More


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