Business Daily from THE HINDU group of publications
Wednesday, February 06, 2008
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Commodities (Feb 05)
Gold (per gram) Rs1,073
Silver (per gram) Rs23.45
Brent crude (per bbl) Rs3,565
Markets (Feb. 5)
BSE Sensex18663.16 (+2.84)
S&P CNX Nifty5483.90 (+20.40)
US Dollar39.53 (+0.05)


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FIIs sell $3.2-b worth equities in January alone
Likely to remain cautious; mutual fund buys provide counter-balance More

Banks may follow ICICI in stopping e-transfer of funds
RBI circular for Brihan Mumbai bankers causes confusion More

Directors’ expertise defines a company
Top IT cos’ pattern stands out on experience values More

Pvt corporates regain dominant investor status
In 2006-07, it was twice that of public sector investment, at 14.5% More

Banks bracing for sub-prime spillover
Impact being felt on export finance, realty advances More

Net direct tax collections up 40% till Jan
New Delhi, Feb. 5 The Centre’s direct tax revenues continued to be buoyant, with net direct tax collections recording 40.47 per cent increase for the ten-month period April 2007-January 2008 at Rs 2,18,538 crore (Rs 1,55,576 crore). ... More

Additional release of sugar to keep prices on leash
16 lakh tonnes available for sale this month in open market More

Cable cut: Bloggers smell conspiracy
Egyptian authorities rule out damage due to ship anchor More

Mesco Steel to invest $2.8 b in two plants in Orissa
Talks on to finalise partner for Mesco Kalinga Steel project More

Strengthening rupee weakens marine export sector
Govt measures ineffective: SEAI More

Bajaj’s XCD sales in Jan fall short of projections
Platina sales pick up in the last few months More

Zonal rlys mull declaring more stations/sidings as serving ports
Kolkata, Feb. 5 The zonal railways transporting large quantities of iron ore for exports are considering a proposal for declaring more stations/sidings as serving ports. The present arrangement, under which a handful of stations/sidings ... More

TODAY'S PICK
Omaxe (Rs 311.75): Buy
We recommend a buy in Omaxe from a short-term perspective. From the charts of Omaxe, it is visible that after forming a double-bottom pattern spanning almost four months, the stock broke out of this pattern in late November 2007. Subsequently, ... More

SEBI willing to review share margin requirement system
Seeks clarification from CBDT on short-selling More

Day Trading Guide
Our short-term outlook for the stock is bearish. We maintain sell recommendation in this counter.Infosys The stock is pausing around the 50-day moving average. We uphold our prior buy recommendation.More

Earnings slowdown raises flag of caution
Strengthens case for more moderate PEs More

Patel Engineering up on order buzz
Dalal Street is yet to price in unconfirmed information, doing the rounds for sometime now, regarding Patel Engineering. In response to Business Line queries, the managing director of the company, Mr Rupen Patel, on Tuesday ... More

Canara Bank cuts home loan rates
Canara Bank reduced its home loan rates by 25 basis points across the board. A bank release said the reduction would take effect from February 7. The reduction would be applicable for existing floating rate borrowers as well, the release ... More


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