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Reliance
Reliance Industries held above our near term support at Rs 2,500 in the early part of the week and moved higher thereafter. The short-term outlook stays positive and the stock can move higher to Rs 2,702 and Rs 2,770 over the next few ...
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SBI
SBI is currently attempting to stabilise itself, following the trough at Rs 1,620 formed on Monday. As outlined last week, a reversal above Rs 1,600 can make the stock fluctuate in the band between Rs 1,600 and Rs 1,900 for a few more weeks. ...
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Share broking makes good biz sense in India
Mumbai, May 17 Share broking has been an extremely profitable business in India in recent years, as the results of some of the listed firms show (see table). “The last four-five years have been fantastic for the retail broking ...
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FOLLOW THE MONEY
Asian indices ignore inflation, post weekly gains
Taiwan, India and Japan were the top performers in Asian stock markets, up by over 4 per cent each; even as crude oil for June delivery neared $128 per barrel (one barrel is equivalent to 117.4 litres) on the New York Mercantile Exchange. ...
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Tata Steel
Tata Steel moved beyond the key resistance at Rs 850 to achieve the immediate target at Rs 910 last week. Though the daily oscillators are overbought, the stock could move a little further in the near term towards our next target at Rs ...
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Infosys
Infosys moved in line with our expectation, achieving the first downward target at Rs 1700. But the 200 day moving average at that level has helped to kick-off yet another spurt higher that has the immediate targets at Rs 1,953 or Rs 1,972. ...
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Unitech
This stock reversed higher from an intra-week low at Rs 270 after fleetingly testing our key short-term support at Rs 275. The bullish hammer in the weekly candlestick chart and the 10-week rate of change oscillator moving above the ...
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Reliance Infra
Reliance Infrastructure adhered to our script, bouncing from an intra week low at Rs 1,275 to move higher towards the Rs 1,500 mark. The third leg of the move from Rs 1,131 can take the stock towards Rs 1,550 or Rs 1,720. Swing ...
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Tech School
One of the tenets of technical analysis is `price discounts everything'. To accept this tenet, one needs to spend at least a few years poring over the industries and companies' performance data, trying to correlate the stock price moves to such ...
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FOREIGN INSTITUTIONAL INVESTORS
Weakening Asian currencies trim $ returns for FIIs
BL Research Bureau The Sensex has gained close to 6 per cent over the past month, but that has made little difference to the portfolios of foreign institutional investors (FIIs). The steep depreciation of the rupee against the dollar ...
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MERGERS & ACQUISITIONS
HSBC buys IL&FS Investsmart; deal valued at Rs 1,084 cr
73.21% stake acquisition to be followed by open offer for 20%
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RECOMMENDATION
Container Corporation: Buy
Investors with at least a two-year perspective can buy the stock of Container Corporation, a leading player in the multi-modal logistics space. A massive infrastructure network, huge wagon inventory and strategic tie-ups with potential ...
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Cadila Healthcare: Buy
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ACC: Hold
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PVR Cinemas: Buy
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Areva T&D India: Buy
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Magnum Tax Gain: Hold
Unit holders can retain their investments in Magnum Tax Gain even if their three-year lock-in period is over. The fund trailed the benchmark BSE-100 over the past year. But a strong track record, and ability to deliver superior returns when ...
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Sundaram BNP Paribas SMILE Fund: Hold
Investors in the Sundaram BNP Paribas SMILE Fund can hold their units, given the sharp improvement in the fund’s performance over the past year. The fund’s one-year returns, at about 38 per cent, are well ahead of its ...
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OUTLOOK
Index Outlook
Sensex put up a gritty act last week, thwarting the correction that was threatening to drag it below 16000. The weak industrial production numbers, spiralling crude prices, galloping inflation et al were dismissed with a shrug as the index ...
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Market View
We have been highlighting the risk of possible earnings downgrades from several sectors over the past four months. Over the past month, this process has been firmly underway and appears to be gathering momentum. To an extent, the downgrades ...
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