Business Daily from THE HINDU group of publications
Friday, September 14, 2007
ePaper
Markets (Sept. 13)
BSE Sensex15614.44 (+109.08)
S&P CNX Nifty4528.95 (+32.10)
US Dollar (Buy/Sell)40.46 (-0.02)


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MARKETS

ANNOUNCEMENTS
Corporate Developments
Coimbatore, Sept. 13 Aban Offshore Ltd has entered into a memorandum of agreement with Bulford Dolphin Pte. Ltd for the purchase of the semi-submersible rig Bulford Dolphin for a consideration of $211 million and delivery is expected to take ... More

STOCKS
Second-rung IT counters see accumulation
Nifty future turns into premium More

HDFC MF hikes stake in Zee News
Consolidated Securities Ltd has acquired 12.09 per cent stake in Good Luck Steel Tubes Ltd. It bought 4,46,250 shares as per data available on the BSE. HDFC Equity Fund has bought 2.95 per cent stake ... More

IMPACT
ABG may gain from synergies
Eyeing stake in Western India Shipyard More

IMPACT
Favourable ruling lifts Lupin
Early launch crucial More

TECHNICAL ANALYSIS
Bull domination
Thursday’s market action witnessed bull domination. The sentiment reading of the tradable counters remains bullish. Bear move on Friday is likely to change the sentiment reading in their favour. On the contrary, the prevailing bullish ... More

INTERVIEW
‘India is hot, be it debt or equity’
Chennai, Sept. 13 What’s currently hot on the radars of institutional clients? “Due to sub prime, a lot of clients are looking at FMCG (fast moving consumer goods) but I think overall India is hot, be it debt or equity,” says ... More

RECOMMENDATION
Today's Pick: MTNL (Rs 144.8)
We recommend a sell in MTNL at current price level. It is evident from the chart that the stock has been moving sideways in a wide range between Rs 130 and Rs 170 since May 2006. In late August, MTNL took support from the lower boundary of ... More

Day Trading Guide
The stock continues under its long-term moving average lines. This is a negative sign. Sell the stock if it struggles to move above Rs 900.IDBIWe note a minor negative divergence in the daily momentum ... More

IPOS
PowerGrid issue attracts $30 b overseas subscriptions
Mumbai, Sept.13 Power Grid Corporation of India’s public issue has attracted $30 billion (over Rs 1,20,000 crore) in overseas subscriptions, the issue itself getting subscribed 64 times overall. As margin money alone, the issue would ... More

Consolidated Construction IPO opens on Sept 18
Price band fixed at Rs 460-510; 60% allotment for QIBs More






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