The Hindu Business Line : Wednesday, November 14, 2007

ANNOUNCEMENTS
Corporate developments
Matrix Laboratories Ltd has clarified to BSE that as on date hereof, Mylan Laboratories Inc, USA is neither contemplating to buy residual stake nor de-list the securities of the company from the Stock Exchanges. More

FINANCIAL SERVICES
IL&FS Investsmart shrugs off E*Trade fall
Analysts see no immediate impact More

STOCKS
iGate shareholders okay delisting
Shareholders of the Pittsburgh-based iGate Global Solutions on Tuesday approved the earlier board’s decision of delisting the company from the Indian stock exchanges. At the Extraordinary General Meeting, the resolution of delisting equity ... More

IMPACT
3G auction on expected lines
Subscribers win with number portability More

India Cements plans fund raising
Chennai, Nov. 13 India Cements Ltd on Tuesday informed the stock exchanges that its board of directors will meet on November 19 to consider raising of funds through equity or equity linked securities in the domestic or foreign ... More

TECHNICAL ANALYSIS
Bull domination
Bulls dominated Tuesday’s trading. The sentiment reading of the tradable counters changed to bullish. Bear move on Wednesday is likely to change the sentiment reading in their favour. On the contrary, the current sentiment reading ... More

STOCK EXCHANGES
IMPACT
Sensex US futures may bring greater visibility
Foreign investors will be main beneficiaries More

STOCK MARKETS
‘Right time to enter equity markets’
Kochi, Nov. 13 Despite 125 years of capital market experience of the country, 83.9 per cent of households in India still invest only in the safe and sound bank deposits, Mr Mahesh Kumar, Senior Executive of the National Stock Exchange, said. ... More

DERIVATIVES MARKETS
Nifty Nov future sheds open interest
Chennai, Nov. 13 Braving intra-day volatility, Nifty November future closed on Tuesday with sharp gains. However, its premium dipped sharply to about 13 points against Monday’s premium of 29 points, mainly on account fresh short ... More

RECOMMENDATION
Today's Pick: Srei Infrastructure Fin (Rs 147.40)
We recommend a buy in Srei Infrastructure Finance at current levels. From the weekly chart of the stock, we note that it is in a long-term bull market since 2003. However, there was a sharp correction in the last quarter of 2005 and the first ... More

Day Trading Guide
In line with our anticipation, the stock gained in the last session. We reaffirm our buy recommendation.Infosys The stock is unable to hold its intra-day highs. We retain our sell recommendation.More