Business Daily from THE HINDU group of publications
Tuesday, May 13, 2008
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Commodities (May 12)
Gold (per gram) Rs1,111
Silver (per gram) Rs25.00
Brent crude (per bbl) Rs5,174
Markets (May 13 at 1500 IST)
BSE Sensex16874.69(+13.79)
S&P CNX Nifty5004.65(-8.00)
US Dollar (Buy/Sell)42.09/10


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News Update
Honda Siel Cars unveils 8th Generation Accord
SBI ties up with Australia's IAG for general insurance biz
Markets face resistance
Dal prices rule mixed
'Bilateral trade between India-Germany growing'
Matrix Lab's US arm reports over $3 million profit
BSE Announcements
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Industrial growth nosedives to six-year low at 3%
Manufacturing sector drags down overall index in March More

High oil prices could slow down economic growth, says Rangarajan
Inflation to come down to 6% in 3-4 months More

Bajaj-Renault-Nissan to drive small car by 2011
Mumbai/ Pune, May 12 The ‘ultra low cost’ car of the Bajaj-Renault-Nissan combine, which will compete with Tata’s Rs 1-lakh car, will be on the road by 2011, partners of the joint venture announced on Monday. Code ... More

TRAI move to open up internet telephony within India
Long distance calls may get cheaper; consultation paper released More

Rupee crosses 42 level
Mumbai, May 12 The rupee crossed the psychological mark of 42, on Monday, due to lower industrial production data, high oil price and inflation. The lack of dollar supply combined with continuing dollar demand from domestic oil ... More

Summer travellers feel the heat as air fares rise
‘Loyalty shifting to railways and buses on short-haul routes’ More

Why IT sector has a lot of steam still
More

Banks told to bring down net interest margins
Major changes in lending and deposit rates unlikely More

Seafood exports drop 13%
Fall in shrimp shipments More

NTPC eyes majority stake in Indonesian coal blocks
To meet shortfall in domestic supplies; deals likely by March 2009 More

Commercial vehicle majors see limited benefit from steel price cut
Say impact on long-term contracts remains to be seen More

TODAY'S PICK (Latest Audio: English/Tamil)
CESC (Rs 489.55): Buy
We recommend a buy in CESC from a short-term perspective. The charts of CESC show that it has been on a medium-term up trend form its March 2008 low of Rs 360 level. The stock conclusively penetrated the medium-term down trendline (that ... More

Day Trading Guide
Fresh long position can be initiated only if the stock moves above Rs 1,800 level, with stiff stop-loss. L&TOn Monday, the stock opened with a downward gap and closed the gap by rallying. Our near-term ... More

BSE Mid-cap, Small-cap stocks end in red
Surging inflation, crude oil prices cause concern More

Shipping stocks remain firm despite banning of chartering of vessels
Industry experts see DGH move may not be feasible More

IMPACT
IIP numbers resurrect concerns for India Inc
CII-ASCON survey also suggests moderation in growth More

Monsoon covers most of Andaman Sea
More


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