Business Daily from THE HINDU group of publications
Wednesday, April 02, 2008
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Commodities (April 1)
Gold (per gram) Rs1,111
Silver (per gram) Rs24.55
Brent crude (per bbl) Rs4,043
Markets (April 01)
BSE Sensex15262.62 (-17.82)
S&P CNX Nifty4739.55 (+5.05)
US Dollar39.97 (-5.05)


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Wholesale prices of edible oils drop sharply
Duty cuts lead to panic selling; trading halted temporarily at NCDEX More

Steel prices may come down by 10-20%
New Delhi, April 1 As part of its inflation management strategy, the Government is pitching for a 10-20 per cent reduction in steel prices before the month end. Senior officials of the Ministry of Commerce and Ministry of Steel on ... More

NSE, BSE turnover drops 24% as day traders protest against STT
More

Videocon eyeing Motorola’s handset biz
New Delhi, April 1 World’s third largest mobile handset brand Motorola could soon have an Indian owner. Consumer durables major Videocon has sent an expression of interest to Motorola for buying out the US-based company’s troubled ... More

DoT allows telcos to share infrastructure except spectrum
Move may facilitate cheaper tariff More

Vehicle sales in March head north
Mumbai, April 1 The excise duty cut for small cars and commercial vehicles and Cenvat reduction announced in the Union Budget seem to have fuelled the vehicle sales in March with most manufacturers, except Maruti Suzuki, reporting the highest ... More

RITES files for public issue
RITES, a multi-disciplinary public enterprise under the Ministry of Railways, involved in the transport, infrastructure and related technologies, has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India ... More

COMMODITY COMMENTARY
Rising ‘political risk’ to commodity derivatives market
Online trading in commodity futures was launched in our country five years ago amid fanfare; and certainly, with hope and expectation that the new system of trading would help transform the moribund agricultural sector. Indeed, it was ... More

Govt resorts to more import duty cuts, export ban
Move to combat food inflation; States to impose stock limits More

Economy must decouple from financial markets
India’s luck on the inflation front seems to be running out. The WPI topped 6% in the latest data released last Friday. Anxiety, bordering on panic, is setting in among policymakers. Import duties have been cut and the Finance ... More

Gold prices collapse on profit taking
Exposure towards gold, silver being scaled back More

IMPACT
Contract to give TCS revenue boost in long term
Co expects several positives from deal with ArvinMeritor More

SEBI proposals: Brokers air key concerns
‘Financial introducer uncalled for’ More

TODAY'S PICK (Latest Audio: English | Tamil)
YES Bank (Rs 164.10): Sell
We recommend a sell in YES Bank from a short-term perspective. From the charts of YES Bank we see that the stock has been on a medium-term downtrend from its 52-week high of Rs 277 (touched on January 10). However, the stock found support at ... More

Day Trading Guide
The stock is trading just above a key support level of Rs 750. Fresh short position can be initiated if the stock declines below Rs 750 with tight stop-loss.Infosys We recommend a sell in this ... More

IMPACT
Dowpharma deal: Positive for Dr Reddy’s
To get manufacturing and R&D fillip More

Securities Markets — Regulation lessons for India
Learning the right lessons from the current financial crisis in the US can work wonders for the infant securities market in India, says PRACHI MANEKAR. More

Exports register 35% growth at $14.2 billion in February
New Delhi, April 1 The country’s exports clocked a 35 per cent growth in February 2008 with the cumulative export growth during the first 11 months of just-ended fiscal 2007-08 showing a robust growth close to 23 per cent in dollar ... More


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