Business Daily from THE HINDU group of publications
Friday, January 11, 2008
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Markets (Jan. 11)
BSE Sensex20827.45 (+245.37)
S&P CNX Nifty6200.10 (+43.15)
US Dollar39.31


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MARKETS

ANNOUNCEMENTS
Corporate developments
Coimbatore, Jan. 10 Kopran Ltd has said that the Board of Directors has approved the proposal to issue and allot on preferential basis 5,81,656 equity shares to IDBI Bank and two lakh equity shares to LIC as a part of the ... More

OPEN OFFERS
Indiabulls buys Piramyd shares
More

MUTUAL FUNDS
UTI MF, Repco Bank in micro-pension initiative
To benefit SHGs associated with Repco Foundation More

STOCKS
IMPACT
Subsidy offered by Tamil Nadu cement makers
No immediate impact More

IMPACT
L&T capitalising on realty growth
Construction contracts to boost profitability More

TECHNICAL ANALYSIS
Bear domination
Thursday’s trading activity witnessed bear domination. The sentiment reading of the tradable counters changed to bearish. Bull move on Friday is likely to change the sentiment reading in their favour. On the contrary, the current ... More

STOCK MARKETS
Big balloon for small-cap stocks
87% of traded stocks end in red More

DERIVATIVES MARKETS
Infy’s open interest up ahead of results
RPL, RNRL remain under ban More

RECOMMENDATION
Today's Pick: Exide Industries (Rs 75.35)
We recommend a buy in Exide Industries at current market price. It is clear for the weekly chart of Exide Industries that it has been on a steady long-term uptrend since it broke-out of a significant resistance level of Rs 48 in July 2007. ... More

Day Trading Guide
In line with our expectation, the stock broke out of a flag pattern formation in the last trading session. We maintain our buy recommendation. Infosys The stock fell in the previous trading session as ... More

IPOS
Unitech to list office trust unit in Singapore
New Delhi, Jan. 10 Unitech Ltd on Thursday said it has received a green signal from the Singapore Exchange for the Initial Public Offering of ‘Unitech Office Trust’, in the island nation. According to sources, the company ... More

RITES initial public offering likely in April
Government holding to come down to 72 per cent More

Ramky Infra plans foray into concrete structures biz
More

VENTURE CAPITAL
IL&FS Trust seeks FIPB nod for funds from Mauritius
New Delhi, Jan. 10 IL&FS Trust Company Ltd (ILFSTCL) — on behalf of Tara India Fund III Trust — has sought the Foreign Investment Promotion Board’s nod to accept contributions up to $75 million from a Mauritius company, ... More

ECONOMIC OFFENCES
SAT sets aside order against Mathew Easow
Securities Appellate Tribunal has set aside a SEBI order against Mr Mathew Easow, a stock analyst and chairman of Mathew Easow Research Securities Ltd, a Kolkata-located broking firm, and ordered the regulator to compensate Mr Easow Rs 1 lakh ... More






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