Buy ACC at Rs 532 with target of Rs 550, Keep stop loss of Rs 524. The stock is currently trading at Rs 534.70, up 0.7% on the BSE....

Asia stocks
rose for a fourth day on Friday, with investors awaiting a vote on a massive US stimulus package, while the dollar was
steady ahead of US employment data likely to reflect a deep recession.

Most other currencies and US Treasuries remained in narrow trading ranges, with the market`s attention focussed on the fate of stimulus measures and a "bad bank" scheme to separate the toxic assets plaguing financial institutions, which is expected to be announced next week.

The overwhelmingly clear direction of economic data in most countries has pointed to weakness but investors would like to see the size and scope of the next US stimulus effort to determine how quickly a recovery could take shape. The US Senate is debating a $920 billion plan but it could shrink before being passed.
...

Asia stocks
rose for a fourth day on Friday, with investors awaiting a vote on a massive US stimulus package, while the dollar was
steady ahead of US employment data likely to reflect a deep recession.

Most other currencies and US Treasuries remained in narrow trading ranges, with the market`s attention focussed on the fate of stimulus measures and a "bad bank" scheme to separate the toxic assets plaguing financial institutions, which is expected to be announced next week.

The overwhelmingly clear direction of economic data in most countries has pointed to weakness but investors would like to see the size and scope of the next US stimulus effort to determine how quickly a recovery could take shape. The US Senate is debating a $920 billion plan but it could shrink before being passed.
...

Benchmark Asset Management will launch India`s first shariah-compliant exchange traded fund (ETF) on Feb. 4, as part of a plan to expand
its bouquet of passively-managed funds, Executive Director Rajan Mehta said on Friday.

Shariah law forbids Muslims from receiving interest payments and from investing in companies involved in the production or sale of pork, alcohol, tobacco, pornography, gambling, non-Islamic finance or life insurance
.

The Shariah Benchmark Exchange Traded Scheme, will track the S&P Nifty Shariah index, comprising 37 stocks that represent nearly half the market capitalisation of shares listed on the National Stock Exchange, the firm said in a product note.

ETFs, listed and traded like individual stocks, give investors access to the underlying securities without the risk of holding them.

They are a relatively new concept in India, with a market share of about 0.6 per cent in the 4.1-trillion-rupee domestic mutual fund industry. ...