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Friday, January 08, 2010
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RECOMMENDATION: JK Paper (Rs 49.4): Buy
We recommend buying the stock of JK Paper from a short-term perspective. It is apparent from the charts of the stock that after recording an all-time low of Rs 14 in March 2009, the stock made a turnaround. Since then, it has been ...

RECOMMENDATION: Day Trading Guide
Note: In a buy recommendation, the resistances would be the targets and the nearest support would be the stop loss; In a sell recommendation, the supports would be the targets and the nearest resistance would be the stop loss; The ...

STOCKS: Tea stocks hit year highs on hope of firm price
Poor weather makes demand-supply tight. The stocks of most tea companies recorded 52-week highs, as concerns over a global tea ...

STOCKS: Pfizer strides on deal to sell generic drugs
Move opens market for Bangalore-based Strides Arcolab. In what could be a testimony to the growing generic incursion in the global pharmaceutical landscape, the US-based Pfizer Inc has forged a tie-up with Bangalore-based Strides Arcolab for the ...

MUTUAL FUNDS: Online trading will cut mutual fund transaction costs: SEBI
The high cost of servicing fund holders is expected to come down significantly once mutual finds move from the direct selling regime to online trading of funds through stock exchanges, said Mr K.N. Vaidyanathan, Executive Director ...

INTERVIEW: 2010: The potential and challenges for MFs
Growth in equity funds has fallen by 50%: AMFI chief. Mr A.P. Kurian, Chairman of Association of Mutual Funds in India, expresses his view on challenges ahead for mutual funds ...

DERIVATIVES MARKETS: Aban, Essar Oil accumulate open interest
Turnover remained moderate at Rs 53,412 crore on Thursday. The Nifty Jan futures closed in a discount at 5259 against the spot close of 5263.1 and also shed open positions. This signals that Nifty could face strong resistance around ...

RIGHTS ISSUE: City Union Bank completes rights issue
Kumbakonam-headquartered City Union Bank completed its rights issue process ...


Columnists: Harish Bijoor Ramanujam Sridhar S Ramesh Kumar Radhika Chada




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Markets (Jan 7)
Nifty (at close)5,263.10(-18.70)
US Dollar (Buy/Sell)45.74/75
Brent crude (a bbl) Rs3,780
Gold (a gram) Rs1,575
Silver (a kg) Rs28,690

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