The Hindu Business Line : Sunday, May 21, 2006

UTI Bank plans infrastructure fund
UTI Bank plans to set up a subsidiary that will launch a pure equity infrastructure fund to raise Rs 1,000 crore, Mr P.J. Nayak, Chairman and Managing Director, said here. The fund would be launched by end-September. Towards ... More

MUTUAL FUNDS

Sundaram S.M.I.L.E: Metals, cement enhanced
Sundaram S.M.I.L.E (Small and medium Indian leading equities) Fund's assets under management came down marginally during January-March 2006. The top ten holdings accounted for 36 per cent of the total assets. During the above quarter the fund ... More

Fund Talk
I am currently investing in the following funds through SIP to form my core portfolio: Franklin Blue Chip (G) 18 per cent; HDFC TOP 200 (G) 16 per cent; HDFC Equity (G) 10 per cent; Templeton India Growth (G) 10 per cent; HDFC Prudence (G) 10 ... More

STOCK MARKETS

Correction or reversal?
Last week's carnage could be a healthy correction or a sharp trend reversal, but the market may remain range-bound for some time to come. More

Return of the beast
Though one may want to dismiss the sharp decline in the Sensex as a long awaited and healthy correction in a market that had run way ahead of corporate fundamentals, it is the right time to look at several factors carefully. More

Nifty will remain volatile
More

`India still attractive in the long-term'
For long-term investors it is a buying chance. But beyond 10,000 it is not a cheap market and needs skills to look for value. -- ENAM CONSULTANTS' MR VALLABH BHANSALI More

Options guide
Call option: A call option gives the buyer `the right but not the obligation' to buy the stock at a specified price on a future date. Put option: A put option gives the buyer `the right but not the obligation' to sell a stock ... More

FOREIGN INSTITUTIONAL INVESTORS

No plan to re-introduce long-term capital gains tax
Chidambaram also rules out review of tax pact with Mauritius More

REGULATORY BODIES & RULINGS

Update
The Bombay Stock Exchange has revoked the suspension of trading in units of Prudential ICICI SPIcE, an exchange-traded fund based on the Sensex. The fund has re-entered the exchange with a circuit limit of 10 per cent of the base ... More

RECOMMENDATION

GlaxoSmithKline Pharma: Buy
Fresh exposures can be considered in the GlaxoSmithKline Pharma (GSK), which trades at about Rs 1,100. Over the past seven trading sessions, the stock has shed 23 per cent, compared to the 13-per cent fall in the benchmark indices. We are of ... More

Maruti Udyog: Hold
The recommendation factors in the company's market leadership and potential for a consolidation of its market share. More

HDFC TaxSaver: Invest
The well-timed shift from small- and mid-caps to more large-cap stocks has helped the fund weather the market volatility well. More

Kotak Opportunities: Hold
While it has weathered the volatility during the rally, the fund is yet to go through various market cycles. More

Gangotri Textiles: Invest at cut-off
The offer would be more compelling, if the price were fixed at the lower-end of the band. More

California Software: Invest
The company's strong clientele, inorganic growth moves and good financials lend confidence to its overall expansion strategy. More

Unity Infraprojects: Avoid
Unity Infraprojects does not stand out as a player with distinguishing features to command high valuation. More

Rathi Udyog — Avoid
Investors will be better off with frontline stocks available at attractive valuations given the volatility in metal prices. More

RNRL: Reject
Shareholders can ignore the open offer from Anadha Enterprise Pvt. Ltd. and Mr Anil Ambani for acquisition of their holdings in Reliance Natural Resources (RNRL) at Rs 25.65 per share. They can offload their holdings in the market where the stock ... More

Asahi India Glass: Hold
Asahi India is aggressively expanding capacity that will help it exploit the growing demand for automotive glass. More

OUTLOOK

9 commandments for investors
Markets will test the patience of investors and the nerves of the traders. Prudential ICICI Mutual recommends that investors remember the following basic principles: Markets are neither cheap nor at bubble valuations. They are ... More

`Time to reassess asset allocation'
Clearly, the big returns are over. Potential returns are less attractive and the risks are higher than in the past More

Market View
From a broader market perspective, the completion of the Assembly elections may not have significant near-term implications for the stock market, except for the removal of a key uncertainty. However, the results of the elections do ... More

CARTOON