MARKETS
MUTUAL FUNDS
Evaluation of mutual fund costs — Sifting through expense ratios
A FUND'S track record may be the single most important factor that an investor checks before opting for a mutual fund product. But it is becoming increasingly important for investors to take note of other parameters too, while deciding between ...
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LIC Bond Fund: Invest
FRESH investments in LIC Bond Fund can be considered, as its performance since launch in March 1999 has been impressive. Although the favourable interest rate movements have been mainly responsible for the performance of the fund, its ...
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HDFC Tax Plan 2000: Invest (High-risk)/Hold
INVESTORS in the HDFC Tax Plan 2000 have reason to be pleased as the fund has turned in an impressive performance in the 34 months it has been around, returning around 10 per cent per annum since launch. The performance last year has been ...
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Key changes in Taurus schemes
NOTABLE changes are in the offing in the schemes of Taurus Mutual Fund. The fund has indicated that the following changes would be effective October 16: The Libra Leap scheme is to be redeemed prematurely. Investors will have an option to ...
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Enhancing quality of disclosures
IS Reliance a diversified company or a petrochemical major? Is Asian Paints an FMCG company or is it part of the chemicals industry? The portfolios of various mutual funds would give you different answers. In fact, not long ago, one of the ...
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Zurich India TaxSaver: Invest
THE sharp decline in equities over the past month presents a good opportunity for investors to build a good quality equity portfolio for the long term. Among the actively managed equity funds, the Zurich India TaxSaver would appear to fit the ...
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Sundaram Mid-Cap: Hold
INVESTORS in Sundaram Mid-Cap Fund can stay with the fund. As it has just started out, it may be better to wait for a year or so to evaluate its performance. The fund is in the process of putting its portfolio strategy in place. It appears to ...
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STOCK MARKETS
Short on positives, but...
INVESTORS in equities may have to brace for a protracted period in which the markets are caught in a narrow band. And there is the possibility that there could be a further downside to the extent of 10 per cent to 15 per cent from the present ...
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Additional disclosures — Impact on market price
DO the additional disclosures provided by companies have any impact on the market price of stocks? Or is the additional information already factored into the price? Is the price earning multiple calculated on the basis of consolidated earnings ...
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FMCG cos in Jan-June 2002 — Go through the wringer
THE first six months of 2002 have done much to demolish the myth that the FMCG business is a defensive business largely unaffected by economic cycles. The aggregated financials of ten major FMCG companies for the six months ended June 2002 ...
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Chart a sinking course
THIS September was no different to the world markets from the previous one. If it was terrorist attack on World Trade Centre that shook the world markets last year, this time the markets tumbled on the fears of war, apprehensions of `double dip' ...
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DERIVATIVES MARKETS
Infosys remains range-bound
SPOT Market: More than the confusion over disinvestments process, the stock market was affected by the weak sentiment in old-economy majors Reliance Industries, Hindustan Lever and ITC. The restatement of combined results of Reliance ...
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A primer on options — What is an option ?
AN option is a contract which gives the right, but not the obligation, to buy or sell the underlying at a stated date and at a stated price. A call option gives the right to buy and a put option gives the right to sell. A typical options ...
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COMMENTARY
Weak trend in pivotals
NIFTY (948.2): As observed in earlier weeks, the Nifty dropped right into the target band of 945-950 mentioned a few weeks ago. The overall outlook for the index does not appear all that positive. A drop below 930 would confirm the bearish ...
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Key scrips under selling pressure
THE derailment of the disinvestment agenda, sustained selling pressure by FII's and bearishness in the US markets continued to plague the movement of the BSE Sensex through the week. To highlight the depressed market sentiment, the BSE Sensex ...
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Dr Morepen moves up 2.4 pc
SNOWCEM: The stock price of the Snowcem India, this week went up by 4.02 per cent to Rs 49.15. This has to be seen in light of the company's talks with Berger Paints to dispose of its exterior paints business. VisualSoft: The ...
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Pare holdings in United Phosphorous
EXCEPT for a strong rally on Monday, the market trend was distinctly bearish in the remaining three trading days of the week. The weakness at American and other global markets affected market sentiment. Interestingly, it was the old-economy ...
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Nasdaq: Downtrend may continue
EXCEPT for a strong rally on Tuesday, the overall market sentiment ruled distinctly bearish at the American bourses. Companies such as Boeing, EMC Corp and Dow Chemicals warned that earnings would lag earlier forecast. This resulted in a sharp ...
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RECOMMENDATION
TVS Srichakra: Buy on declines
THE steady pick-up in two-wheeler production has had a positive impact on quite a few companies having business exposure to this industry. Tyre producer, TVS Srichakra, is one such company whose financials have improved owing to the pick-up in ...
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Raymond: Hold
AFTER having sewn up a deal with ColorPlus, a leading brand in the premium readymade causal wear segment, Raymond appears to have stitched together a strategy that would make it a stronger player in the growing ready-to-wear category. In the ...
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Track record
Escorts: Hold
PTL: Hold
M&M: Hold
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Kodak India: Reject
JOINING the likes of Wartsila NSD, Cabot India, Otis Elevator and Carrier Aircon, photographic products major — Kodak India — is yet another multi-national company that has come up an open offer to get the shares de-listed from the ...
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Aztec Software: Buy on declines
FOR investors with an appetite for high risk, the Aztec Software and Technology Services (Aztec) stock represents a good buy on declines. We feel that any further weakness in the broad markets at the global level and the technology sector, in ...
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Centurion Bank: Hold
CENTURION Bank shareholders can hold on to their investments. The bank's financial performance indicates that it is neck deep in trouble. However, the valuation is now at abysmally low levels of around Rs 90 crore. Importantly, there is the ...
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ECONOMIC OFFENCES
CSE scam — Rating agencies on alert after Srei official's arrest
THE arrest of Mr Dinesh Jain, a senior executive of the Srei International group, by the Kolkata police in connection with the investigation into the Calcutta Stock Exchange scam has alerted credit rating agencies that have rated various ...
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