MARKETS
MUTUAL FUNDS
Fund Talk
I am a regular investor in mutual funds. I invested in Franklin India Tax Shield, Franklin Bluechip, Franklin Prima, Franklin India Opportunities and Franklin Infotech in year 2000, HDFC TaxSaver in 2001, HDFC Long Term Advantage fund in 2002 ...
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Update
OptiMix, the multi-manager division of ING Investment Management India, has launched a new fund of funds, OptiMix Equity Multi Manager. It is a closed-end scheme with a maturity of three years from the date of allotment. It will create a ...
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STOCKS
ACC
ACC reversed from an intra-week low of Rs 952 and attained our upper target of Rs 1,000. A short-term reversal was seen last week, as the price bounced off its 50-day moving average. This move has short-term resistance at Rs 1,014. If the ...
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Infosys
We had expected a range bound move between Rs 2,000 and Rs 2,155 last week. The stock moved as per our expectation, hitting an intra-week high of Rs 2,150 and low of Rs 2,060. This quiet consolidation phase, coming after the exhilarating run seen ...
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Tata Steel
This stock made an intra-week low of Rs 484.5 on Friday before closing above our support of Rs 490. The stock is hovering below its 50- and 200-day moving averages. A close above Rs 520 is required for the bearish bias to disappear. We maintain ...
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KPIT Cummins to consider stock split
Board meeting on Nov 8
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SBI
After a minor wobble on Monday, the stock recovered to touch an intra-week high of Rs 1,134. The daily momentum oscillators are reiterating the buy signal generated last week. The weekly momentum is, however, showing some signs of slowdown. The ...
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Reliance Industries
The stock did not let us down and truly behaved like a leader last week, gaining 5 per cent and pulling the Sensex up along with it. The stock hit an intra-week high of Rs 1,291.8. The medium-term targets of Rs 1,302 and Rs 1,380 still hold. ...
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ONGC
Our assumption that the stock was about to launch in to the C wave of the move from June lows was proved right. This stock gained 11 per cent. The price has raced past its long-term averages as well as the previous medium-term high of Rs 833. ...
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Prominent bulk deals on NSE and BSE
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STOCK MARKETS
Ginger start, confident strides post-earnings
A significant chunk of the market action has come after earnings announcements, with stocks being lapped up or shunned depending upon the results.
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Trader's Corner
Stock markets across the globe have become integrated to such an extent that equity markets, like Forex markets, have become a 24-hour affair between Monday and Friday. The European markets open as the Indian markets edge towards the closing ...
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Ministry may allow equity investments by pension funds
The Ministry of Labour may be prepared to consider the proposal of allowing equity investments by superannuation funds, provided all the parties concerned are willing to strike a consensus on the matter. The Ministry, which is aware of the ...
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Query Corner
I have bought Rajesh Exports at Rs 150 per share. Please comment on the medium- and long-term prospects of this stock. Sangram, Podury Rajesh Exports (Rs 237.3): The stock is reacting after hitting a high of Rs 261 in ...
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Pick a winner contest
For the contest held during the month ended October 2006, GMR Industries posted the maximum gain of 105.7 per cent. Its stock price rose from Rs 169.5 to Rs 348.85. Out of 412 entries received, there were 4 winners. They were: H. Vijayalakshmi ...
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FOREIGN INSTITUTIONAL INVESTORS
`Inflation not a key worry in the Indian market'
India continues to be a high beta play on global equity prices for international investors. MR MARK KONYN, CEO, ALLIANZ GLOBAL INVESTORS
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MERGERS & ACQUISITIONS
Reliance Cap to buy Travelmate
The Anil Dhirubhai Ambani group owned Reliance Capital Ltd will acquire 100 per cent of the equity capital of Travelmate Services (India) Pvt Ltd, a financial services company, belonging to the Kuoni group. The company has ...
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RECOMMENDATION
Nagarjuna Construction: Buy
A 79-per cent growth in post-tax earnings annually over the past three years is a reflection of Nagarjuna Construction's (Nagarjuna) strong capability to exploit emerging opportunities. Riding on the domestic investment stream in roads and ...
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Lanco Infratech: Invest at cut-off
The lack of experience in simultaneously managing projects of a larger scale is a challenge. But the comforting factor is that the finances and power purchase agreements have been tied up for a major part of the expansion.
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HDFC Core & Satellite Fund: Invest
As the fund has specific allocations to large- and mid-caps, investors who want such defined exposures can consider this fund, as long as it does not form part of the core portfolio.
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PruICICI Discovery Fund
Auto added, banks and petro trimmed
PruICICI Discovery Fund aims to invest in a well-diversified portfolio of value stocks, which will yield a combination of dividend income and capital appreciation. Value stocks are those that have attractive valuations in relation to earnings or ...
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Kansai Nerolac Paints: Hold
Though raw material costs impacted earnings in the September quarter, the demand environment continues to exhibit strength
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Blue Dart - Delisting offer: Avoid
With prospects in the logistics space looking promising, we believe shareholders should be in no rush to move out of the Blue Dart, one of the sector's better plays.
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Allsec Technologies: Reject
Since the fundamentals of Allsec Technologies rest on a good footing, staying invested for now appears prudent.
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Fidelity Special Situations: Hold
Units in Fidelity Special Situations (FSS) can be retained. The fund has made a mark in the short period since its launch this April. FSS has delivered a return of about 25 per cent over the last three months, placing it among the top-ranking ...
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Parsvnath Developers: Invest at cut-off
Presence in diversified business segments and early entry into non-metro cities has helped Parsvnath gain an edge over peers in brand recognition
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IPOS
Cairns to await valuation by market in cash cum share swap deal
To undertake IPO of Indian affiliate
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OUTLOOK
Market View
From a foreign perspective what is important to watch for is the ranking of India relative to other emerging market countries. The out performance over the last 1-2 months has been spectacular in comparison to other emerging ...
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