Business Daily from THE HINDU group of publications
Friday, May 09, 2008
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Commodities (May 9)
Gold (per gram) Rs1,108
Silver (per gram) Rs25.06
Brent crude (per bbl) Rs5,120
Markets (May 09 at close)
BSE Sensex16737.07(-345.58)
S&P CNX Nifty4982.20(-99.10)
US Dollar (Buy/Sell)41.7150/7250


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News Update
Reliance ready to offer market value for land use
Inflation rises further to 7.61%
Markets lack support at higher levels; Sensex slips below 17K
Rupee recovers against US dollar
ACC decides to hold cement prices
No fresh communication from Tatas: Orient-Express
India, US narrowing gap on Doha Round, says Nath
Kotak Mahindra Bank consolidated PAT up 84% for FY'08
Crude trades above $125
BSE Announcements
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Commodity exchanges may lose Rs 600 crore a day
Futures trade in chana, soya oil, rubber, potato suspended for 4 months More

Why was rubber targeted
Chennai, May 8 The Centre’s move to suspend rubber futures follows a concerted effort on the part of traders, mainly based in Kochi, and the tyre manufacturers.Their justification to discontinue the futures was that there were no ... More

Govt mulls ban on agri futures trading
The Government is contemplating a ban on futures trading in all agricultural commodities, according to a note circulated by the Minister of State for Industries, Mr Ashwani Kumar, here on Thursday.There has been reports that the future ... More

Coal situation worsens at thermal stations
Chinese demand eating into imports More

Rupee sheds another 40 paise; crude at $123
Mumbai, May 8 The fall and fall of the rupee over the last 10 days seems to be seeing no reversal as the Indian currency shed another 40 paise on Thursday, tumbling to a new low against the dollar. The rupee opened at 41.53/55 on ... More

ITC, L&T, Axis Bank stocks take a hit
On talk of Specified Undertaking of UTI hiving off holdings More

Govt concerned at high-cost bulk deposits raised by PSBs
This may lead to a regime of high interest rates More

April auto sales see growth in all segments
Marriage season, price hike fears drive demand More

Firm trend in coal prices seen continuing in long term
‘Faltering supply growth can add further upward thrust’ More

Futures: Farmers lose, buyers pay, and Wall Street alone gains!
More

Smaller telcos eye global acquisitions
Tulip IT, Kavveri Telecom scouting for buyouts More

Easy to toss inflation blame on hoarders
More

TODAY'S PICK (Latest Audio: English/Tamil)
Great Offshore (Rs 708.65): Buy
We recommend a buy in Great Offshore from a short-term perspective. It is clearly visible from the charts of the stock that it has been on a modest medium-term uptrend (forming higher peaks and higher troughs) from its March 2008 low of Rs 560 ... More

Rakesh Jhunjhunwala to get 10% in Autoline Ind
Preferential issue to enhance capital base More

Day Trading Guide
In line with our expectation, the stock declined during the previous trading session. We retain our sell recommendation.ONGCFresh short-position can be initiated if the stock declines below Rs 1,017.More

Bay ‘low’ seen dropping anchor to steer rains
Thiruvananthapuram, May 8 The European Centre for Medium-Range Weather Forecasts (ECMWF) sees the ‘low’ popping up over south-east Bay of Bengal around Monday dropping its anchor off the Myanmar coast for at least a week. ... More


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