Business Daily from THE HINDU group of publications
Wednesday, January 23, 2008
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Commodities (Jan 22)
Gold (per gram) Rs1,031
Silver (per gram) Rs22.10
Brent crude (per bbl) Rs3,458
Markets (Jan. 22)
BSE Sensex16729.94(-875.41)
S&P CNX Nifty4899.30 (-309.50)
US Dollar39.51 (-0.07)


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Stock markets take a battering again
Sensex recovers after 2,273-point intra-day loss; trading shut for one hour More

Recently listed stocks plunge below offer price
Fresh entry point to spurned IPO investors More

Chidambaramspeak trims market indices fall
Says liquidity will not be an issue More

Sensex and Nifty: Short-term technical outlook
The stock market meltdown over the last two sessions has shaved off 11 per cent from the Sensex and 13 per cent off Nifty. Though the short-term outlook had turned negative after last Friday’s correction, the medium- and ... More

Gold recovers after initial fall
Mumbai, Jan. 22 Precious metals weren’t indifferent to the equity market volatility, witnessing profit booking and buying at low levels. Gold prices nosedived by about $20 an ounce to $849.50 in the international spot market but ... More

Board meeting put off; SBI group consolidation likely to be delayed
New Delhi, Jan 22 Consolidation of associate banks’ of State Bank of India (SBI) with their parent bank is likely to get delayed for some time if the latest turn of events is any indication. The crucial board meeting of the six ... More

NBC picks up 26% in NDTV Networks
New Delhi, Jan. 22 The American media giant NBC Universal is investing $150 million to pick up 26 per cent stake in NDTV Networks, the overseas subsidiary responsible for New Delhi Television’s entertainment and lifestyle channels and ... More

Grasim Q3 net profit grows 35% at Rs 553 cr
Cement, VSF sales flat; caustic soda, steel output rises More

Bank of India Q3 net doubles on higher income
Windfall gains in treasury and substantial rise in interest income help More

Bounceback in prospect?
Stock markets, the world over, have gone into a free fall. It wasn’t hard to spot the reasons. Foremost was the increasing risk of a US recession. Second, despite the already large writeoffs and capital injections, global banks are yet ... More

Tata Motors inks deal with Chrysler electric vehicle unit
To enter US market with electric Ace More

Wheat prices seen ruling steady at Rs 1,100/quintal
Rates soften on crop outlook after gaining on low stocks More

Railways gets Rs 150/kilolitre discount on high speed diesel
Highest consumer of HSD in the country at two billion litres More

TODAY'S PICK
Maruti Suzuki India (Rs 800.50): Buy
We recommend a buy in Maruti Suzuki India at current market price. It is clearly evident for the charts of Maruti Suzuki India that it has been on a medium-term downtrend since its life high of Rs 1,252 touched in late October 2007. During this ... More

Day trading guide
In the last session, the stock made a good fight back from the intra-day low by recovering most of its losses. Fresh long position should be initiated only if the stock moves above Rs 1,150.Infosys The stock ... More

Funds did not switch to cash ahead of declines
But increased their investments in stocks More

Equity funds manage to contain fall
Theme funds weather storm More

It was ‘forced selling’ by speculators
Traders’ losses in F&Os triggered more selling More

PSBs emerge unscathed in volatile market
Kolkata, Jan 22 Despite the drastic fall in stock market indices, the portfolios of the public sector banks remain protected. “We’ve well laid out system of managing our portfolios having exposure to both shares and mutual ... More

Who is the do-gooder?
The market rumour mill never closes shop, but generally spares sacred cows. The RBI is one such hallowed institution, which seldom figures in the Dalal Street talk-circles. However, desperate situation, perhaps, demands desperate ... More

Experts see early onset of monsoon
The strong La Nina in the equatorial Pacific is predicted to last longer than thought and would favour an early onset of the southwest monsoon this year, according to researchers at the Japanese Agency for Marine-Earth Science and Technology ... More

AC driver-cabins in trucks: The trend is catching up
Mumbai, Jan. 22 The technological sophistication in trucks triggered by increased competition is having an unlikely end-beneficiary — the driver. The entry of global players and a new truck-maker, and advancements made by domestic majors ... More


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