The Hindu Business Line : Tuesday, September 23, 2008

MARKETS

RECOMMENDATION: Sobha Developers (Rs 200.80): SELL
We recommend a sell in Sobha Developers from a short-term perspective. It is clearly evident from the charts of Sobha Developers that it has been on a long-term downtrend from its January peak of Rs 1,041, forming lower peaks and lower ...

STOCKS: Day trading Guide
Note: In a buy recommendation, the resistances would be the targets and the nearest support would be the stop loss; In a sell recommendation, the supports would be the targets and the nearest resistance would be ...

STOCK MARKETS: FDIC data hints at more financial trouble in US
Mumbai, Sept. 22 If the indications from Federal Deposit Insurance Corporation (FDIC), the fund established by the US government to insure deposits of banks and institutions, are anything to go by, the worst does not seem to be over for the ...

MUTUAL FUNDS: Globalisation not good for mutual funds too
Commodity-focused schemes slip wider. Mumbai, Sept. 22 Only three months ago, Indian mutual fund houses were pushing global funds as a means by which the Indian investor could get some returns from the bull run in emerging ...

STOCKS: ACC decision to raise prices boosts cement stocks
Managing Director says more hike possible. Mumbai, Sept. 22 The firm decision by cement major ACC to pass on the rise in input cost to consumer boosted cement company stocks in Bombay Stock Exchange ...

NEW FUND OFFER: Principal Mutual Fund launches Emerging Bluechip Scheme
To be benchmarked against CNX Midcap Index. Mumbai, Sept. 22 Principal Mutual Fund launched the Principal Emerging Bluechip Fund ...

NEW FUND OFFER: Birla’s AMC awaits market to calm
Kolkata, Sept. 22 The Birla Sun Life Asset Management Company proposes to invest in phases the full cash component of its asset under management (AUM) once the market settles down, according to its Chief Executive Officer, Mr ...

OPEN OFFERS: Ranbaxy open offer: Excess shares to be returned by today
New Delhi, Sept. 22 Ranbaxy Laboratories said Japanese drug maker Daiichi Sankyo’s open offer for acquiring an additional 20 per cent stake in the domestic pharma firm has been over ...

STOCK MARKETS: RBI warns primary dealers against leveraging
Mumbai, Sept. 22 The Reserve Bank of India has cautioned market participants in the Government securities that they should provide sufficient funds in their current account with the RBI on the auction settlement day before 3 p.m, in case of ...

STOCK MARKETS: New member elected to BSE board
Mr Balkishan M. Mohta was elected as a Trading Member Director of the Bombay Stock Exchange through a poll conducted during the third Annual General Meeting held here last week on September ...

STOCKS: eClerx faces Wall Street heat
Outsourcing from financial services remains uncertain. The mayhem on Wall Street has started to take a toll of Indian BPO/KPO players, with KPO services provider — eClerx Services reporting $1 million of receivables from a troubled US ...

DERIVATIVES MARKETS: Reliance Industries Oct series adds short positions
Nifty 3850 Oct put turns active. Chennai, Sept. 22 Trading turnover dipped sharply to Rs 58,188 crore against Friday’s figure of Rs 73,972.36 crore, despite this being the settlement week for the September contracts. The Nifty September ...

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Markets (Sept 22)

Nifty (at close)	4223.05(-22.20)
US Dollar (Buy/Sell)	45.35/36
Brent crude (a bbl) Rs	4,499
Gold (a gram) Rs	1,157
Silver (a kg) Rs	19,705

Nifty Companies News
SE Diary
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In Focus
Remembering Ramachander

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Other Top Stories
Wireless printers have arrived

Palm oil imports: Malaysian co plea to discourage defaulters

Private insurers see lower profitability

Globalisation not good for mutual funds too

Export curbs on certain varieties of rice may go

Kingfisher Airlines will turn around soon: Mallya

Looking back
Sep. 14-Sep. 20
Sombre mood prevails at Lehman Brothers’ Mumbai office

Nifty future slips into discount against spot

FIIs seem to be on a bulk selling spree the past week

NSE currency futures trade soars close to one lakh contracts

Bankex rebounds on value buying

Emami open offer price revision

Cost pressure to ease for cement manufacturers

Aban subsidiary plans Oslo listing

Dues being cleared in bourses: Ministry

RBI steps in to increase liquidity

Exposure to Lehman only $5 m: O.P. Bhatt

Bank stocks recover after mayhem

FIIs active in bourses’ bulk deals

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