MARKETS
FINANCIAL SERVICES
India Infoline gets SEBI nod for merger of arm
High Court approval expected by Q3
More
MUTUAL FUNDS
Timing the market right
With funds offering poorer downside protection now, conservative investors must be more active in their profit booking. Equally, the choice of funds and timing remain strongly relevant.
More
Birla Advantage Fund — Stronger on banking, software, telecom
Birla Advantage Fund aims to achieve long-term growth of capital, at relatively moderate levels of risk through diversified investment. In extremely volatile market conditions, the fund will reduce the exposure to equity to below 70 per cent ...
More
Fund Talk
I am concerned about the funds I have chosen. I had invested in PruICICI Child Care Gift Plan when the NAV was 35. Now it has fallen to 32. What is the composition of this fund, and the risk associated with it? I invested in the newly ...
More
Update
Standard Chartered Mutual has declared a maiden dividend of 15 per cent under its Standard Chartered Classic Equity scheme. August 22 is the record date for declaration of dividend. ING Vysya Mutual has extended the new fund offer ...
More
STOCK MARKETS
Strength in Reliance
Reliance reversed smartly last week and broke out past the resistance at Rs 1,020 to hit an inter week high of Rs 1,073. If the Sensex has to reach the 12,000 mark, Reliance seems like the most likely candidate to lead this rally. The third ...
More
ACC
The price of ACC is halting at the 61.8 per cent retracement of its fall from May 2 highs. Rs 900 is a very important resistance level for this stock. A breakout from this level can take the price to Rs 985. The weekly candlestick chart of ...
More
Infosys
This chart looks formidable. The price of Infosys moved in a narrow band between Rs 1,740 and Rs 1,780 last week. The price is clear of its previous all-time high at Rs 1,727. This peak will now turn into a good support for the short term. ...
More
Tata Steel
Tata Steel did not really live up to the promise it held out at the beginning of last week. The stock hit a high of Rs 543 on Wednesday and reversed from that level. The gains made on Monday and Wednesday was entirely wiped out by the ...
More
SBI
SBI broke out above the resistance of Rs 870 on Wednesday and achieved our target of Rs 890. The volumes in SBI have been on the decline this week. The 10-day ROC and 14 RSI are giving a sell signal. This means that the stock is losing ...
More
ONGC
The price of ONGC is still struggling with the short-term resistance at Rs 1,250. We maintain that fresh positions should be initiated only on a breakout above Rs 1,250. Ten-day ROC is diverging negatively and giving a sell signal. Fourteen-day ...
More
Query corner
Can I buy Bharat Bijlee and Bongaigaon Refineries at current levels? What is the target price in 5 months? Eswaran Raju Bharat Bijlee (Rs 975.3): Bharat Bijlee is not showing sufficient strength in the recovery witnessed ...
More
Trader's Corner
Novice traders would have come across the term `scalping' when two seniors are discussing their trading strategies. Though the term scalping conjures up images of a barber's razor or to the more imaginative mind, traders tearing off their hair in ...
More
DERIVATIVES MARKETS
Nifty may edge up; SBI may seek lower levels
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
RECOMMENDATION
Container Corporation: Buy
We resume coverage on the Container Corporation (Concor) stock with a buy recommendation. Though the stock has gained 80 per cent since our previous `buy' in May last, we note that returns have come on the back of strong growth in earnings. We ...
More
Jindal Steel and Power: Buy
Firm steel prices, higher volumes and greater contribution from the power business are likely to drive earnings growth for Jindal Steel.
More
Gujarat Alkalies: Hold
Falling global prices and the threat of removal of anti-dumping duty are likely to put domestic prices of caustic soda under pressure in the long term.
More
3i Infotech: Buy
As a products-cum-services player catering to the banking, financial services and insurance space, 3i Infotech has focussed on expanding its range of offerings through acquisitions.
More
Principal Tax Savings: Invest
The fund has outperformed the Nifty 66 per cent of the time on a rolling monthly return basis over the past 24 months. This reflects some level of consistency in performance.
More
Lupin: Buy
A focus on chronic therapy areas in the domestic market, coupled with the completion of major investments for developed market initiatives, is likely to show up in Lupin's bottomline.
More
Emco: Buy
The company is looking at vertical integration with plans to make switchgears. Such in-house manufacturing is likely to improve margins for the projects division.
More
Kotak Global India: Hold
Unitholders in Kotak Global India can stay with the fund. Its one-year return of 27 per cent is better than the comparable theme fund DBS Chola Global Advantage. However, Kotak Global has trailed its benchmark Sensex by 17 percentage points. ...
More
OUTLOOK
Index Outlook
Indian markets demonstrated their patriotic zeal by ushering in the 60th year of Independence with a weekly gain of 274 points in the Sensex. In a week that was devoid of triggers, the Prime Minister's speech on August 15 provided the cue to the ...
More
Market View
Reports suggest that Indian companies' capital expenditure during FY06 has risen significantly, indicating capacity expansions coming on stream. This indicates that FY07 will be another year of high growth in capex, ultimately ...
More
INVESTOR PROTECTION
Corporate Disclosures: Perceived threats and pronounced risks
Companies are talking about risks and threats in their annual disclosures. And the exercise counts for being more real, and more investor-friendly. Interestingly, the price is high, not of disclosure though, but its opposite, in terms of opaqueness.
More
Advt Links:
•
Looking for NCFM Professionals / Crash Courses?
Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line
|
RSS Feeds