The Hindu Business Line : Tuesday, January 22, 2008

‘Global outlook more uncertain now’
Mumbai, Jan. 21 The US sub-prime crisis and global financial uncertainties seem to list high on the RBI Governor, Dr Y.V. Reddy’s list of concerns, a week before the quarterly review of the monetary policy on January 29. Speaking ... More

Capital market growth is priority concern: PM
New Delhi, Jan 21 Reacting to the stock market crash, the Prime Minister, Dr Manmohan Singh, today said that corrections do happen in the market and the orderly growth of the stock market was a priority concern for the Government. Dr ... More

F&O build-up triggers meltdown
The sell-off witnessed in Indian stocks over the last two trading days, much like the correction in 2006, has its genesis in the excessive build-up in the futures and options section. The open interest on NSE has been recording new ... More

ONGC net dips 6.4% in Q3 on higher subsidy bill, rupee impact
New Delhi, Jan 21 Higher subsidy bill and rupee appreciation have made a dent on ONGC’s profits for the third quarter of the current financial year (2007-08). The oil and gas exploration major on Monday reported a 6.4 per cent dip in net ... More

Indian markets join big losers’ list
Chennai, Jan. 21 Black Monday has pushed the Indian benchmark among the worst performing stock indices in 2008. The year-to-date return for the BSE Sensex is a negative 13.55 per cent and the Nifty is down 15.47 per cent for the same period. ... More

1,323 stocks hit lower circuit
Chennai, Jan. 21 The upheaval at the bourses had a major impact on small- & mid-cap stocks. Probably the lone indicator that was positive so far paints a grim picture now, with 1,323 stocks hitting lower circuit filter against just 51 ... More

Select F&O stocks face the music
Select small-priced stocks that are part of future and option segment on Monday faced the bear’s wrath on the back of heavy FII unwinding. Brokers said stocks such as Essar Oil, Nagarjuna Fertilisers, Bindal Agro, WWIL, Parsavanath ... More

Traders caught unawares; selling pressure wipes out values
Mumbai, Jan. 21 It was Black Monday for the markets with the Sensex crashing more than 2,000 points, its highest ever intra-day fall. They knew that a fall was round the corner but the extent of it completely floored them. “We ... More

Mid-caps go back to discount to Sensex
Repeating the classic pattern of the past few years, mid- and small-cap stocks have witnessed much steeper declines than the Sensex or the Nifty during the market rout over the past two weeks. This correction has pushed PE multiples of ... More

‘Fundamentals of Indian economy strong’
Finance Ministry says market fall reflects global uncertainties More

End of sub-prime loan consumption
For a long while now, the world had an upside view of economics. That is, consumption was seen as the driver of growth and debt to facilitate such consumption was consequently seen as a good thing. The good old economics of savings, investment ... More

Satyam Q3 net rises 29%
Revenue guidance revised upwards at $2.1 b More

Wheat acreage deficit narrows down to 6 lakh hectares
Coverage of rapeseed/mustard, pulses lags behind More

HDFC Bank posts strong growth; net up 45%
Share of low cost deposits at 51% More

Dr Reddy’s, Novartis settle dispute on Exelon
Our Bureau Hyderabad, Jan. 21 Dr Reddy’s Laboratories Ltd has entered into a pact with Novartis Pharma AG to settle a legal battle pertaining to a generic version of Rivastigmine tartrate capsules sold under the trade-name ... More

TODAY'S PICK
Welspun-Gujarat Stahl (Rs 424.45): Sell
We recommend a sell in Welspun-Gujarat Stahl Rohren at current market price. The chart of the Welspun-Gujarat Stahl Rohren suggests that the stock had been on a steady bull run from its March 2007 low of Rs 90 till it marked a life high of Rs ... More

For whom the margin bell tolls?
Kolkata, Jan 21 It’s ring-ring margin calls when all equities fall down. The Monday morning session begun with many traders’ terminals shut and more got shut during the day today.According to sources in the intermediaries, ... More

Day trading guide
In the last trading session, the stock breached the 50-day moving average line downwards and tumbled. We maintain our prior sell recommendation. Infosys We note that the stock has recovered from its intra-day ... More

IMPACT
Court order magnifies meltdown in sugar stocks
Sugar stocks were among the worst hit on Monday’s market meltdown, with stocks of select large manufacturers such as Bajaj Hindusthan and Triveni Engineering shedding as much as 25-28 per cent during the day. A Supreme Court ruling on ... More

Advt Links: • Used Cars • Send Gift to India • Tanning Beds • Geschlossene Schiffsbeteiligungen Fonds • black is beautiful • Summit Pacific Vacation Rentals • Buy Properties • Payday loans • Druckerpatrone Tintenpatrone • Andrea Bocelli • Web conferencing services since 1997 • Business USA • Hotel Bruges • Mesothelioma Cancer Treatment • Sourcing China products Made in China • Business Health Insurance • About:Blank • Send money to India

Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line

People's car

P-Note blues

Union Budget 2007-08

Railway Budget 2007-2008

Economic Survey 2006-2007

Other Top Stories
Haier India on an expansion spree

MCX launches futures in carbon credits

Ranbaxy settles patent dispute with GSK

Chhattisgarh plant: Tata Steel expects to complete land acquisition by March

Retail, wholesale SMEs record growth in business

‘Hospitality industry facing manpower crunch’