MARKETS
FINANCIAL SERVICES
To invest, first catch a good broker
Finding a broker can be one of the easiest things on earth, but finding a good one can be difficult. A good broker is one who will understand your investment goals and help you achieve it. But to ensure success in this process, you need to ...
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For small investor, opportunity online
Online trading is the perfect answer to an investor's concerns on efficiency and transparency.
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INSIGHT
Ask not how the market is doing
"How's the market doing" or "what's happening in the market"! People ask these questions all the time, and expect short answers. The problem is whatever the answer, it usually leads to faulty understanding and wrong conclusions. Let's take all ...
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MUTUAL FUNDS
Fund Talk
I have SIPs in Reliance Growth, Franklin Prima and HDFC Capital Builder for more than a year now. Some of these are performing below average in the last six months. Do you suggest a switch? If I want to start some more SIPs at this ...
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Update
Franklin Templeton Investments announced a tax-free dividend of Rs 6 per unit in its fund Franklin India Prima Plus. The record date for the same is November 15. Prudential ICICI AMC has launched Prudential ICICI Equity and ...
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STOCKS
Revisiting the mid-cap space
The mid-cap rally skidded in the May-June market meltdown after the sustained bull run of the past three years. Just before the meltdown, there was a point at which the mid-cap valuations of select stocks across different sectors had run ahead of ...
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TECHNICAL ANALYSIS
Trader's Corner
Of all the popular stock market concepts, there is none as credulous as the oft followed `averaging down'. To put it simply, when the stock price goes down, more stock is bought at lower levels so that the average cost of the stock in the ...
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STOCK EXCHANGES
MCX keen on Calcutta bourse revival
The Multi Commodity Exchange of India (MCX) is betting on a "100 per cent revival" of the moribund Calcutta Stock Exchange, in which it hopes to come in as a strategic partner. The commodity bourse hopes to take a more specific stand on the ...
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STOCK MARKETS
ONGC in consolidation mode
The flat weekly close of ONGC does not reflect the choppiness that was witnessed in this stock last week. The price hit a high of Rs 895 on Monday before weakening to Rs 840 on Wednesday. The medium-term outlook continues to be positive in ...
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ACC
ACC hit an intra-week high of Rs 1,025 before consolidating in a narrow band. The short-term trend reversal seen from the low of Rs 950 is still in force. We expect the stock to move higher to Rs 1,032 and then Rs 1,060 in the short term. Watch ...
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Infosys
Infosys was a strong performer last week, recording a weekly gain of 3.1 per cent. The stock is currently halting at its short-term resistance at Rs 2,155. Infosys has withdrawn thrice from the zone between Rs 2,140 and Rs 2,150 in the last ...
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Tata Steel
The stock is hovering under its 200-day moving average, threatening to weaken any time now. We reiterate that a close above Rs 520 should be seen before fresh longs are initiated on this counter. The oscillators too are on the brink of giving a ...
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SBI
SBI moved down in the first two days of the week but recovered from our support of Rs 1,090 to hit an intra-week high of Rs 1,147.4. As per E-wave patterns, the fifth minor from the low of Rs 684 seems to be on now. The target of this wave falls ...
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Reliance Ind
The chart of RIL has not been marred last week, thanks to the recovery seen on Friday. The short-term outlook will turn negative only if the price falls below Rs 1,229. RIL has the short-term target of Rs 1,329. As written before, strong ...
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Query corner
What are the prospects of Wockhardt bought at Rs 390 and Dr Reddy's Labs bought at Rs 742 for the next two months? Uday Padubidri Wockhardt (Rs 411.7): This company is trying to claw its way out of the deep fall it ...
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Portfolio with potential
The banking sector, an under-performer in the last rally, is more than making up in the current one. The two stocks that appear attractive from a valuation standpoint are Centurion Bank of Punjab and Andhra Bank, in that order. ...
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Tech Tools
I have seen some stocks, which are fundamentally sound showing consistent profits and paying dividends to the shareholders, but as far as their share price is concerned they are stuck in a range for some time. Could you please tell me (in ...
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CHART FOCUS
KEI Industries
KEI Industries had a dream run from the October 2005 low of Rs 162 to its April highs of Rs 523. After a 61 per cent correction post-May, the stock is once more back in the reckoning. The stock is currently consolidating above its long-term ...
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DERIVATIVES MARKETS
Positive outlook on Nifty futures
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SHOPPING
Biral Midcap: Cement, pharma pruned
Mid-cap stocks that were trounced during the May meltdown took a breather after they came up with positive numbers in the September quarter. Here is a look at Birla Midcap — a fund with a mid-cap orientation — and how it churned its ...
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RECOMMENDATION
Glenmark Pharma: Buy
Exposures can be considered in the stock of Glenmark Pharma, which trades at about Rs 460. Though the stock has appreciated 40 per cent over the past three weeks on the back of the out-licensing deal struck with Merck of Germany for its ...
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Ranbaxy Laboratories: Hold
Though Ranbaxy's numbers are improving steadily, it may be prudent to adopt a wait-and-watch approach before considering an entry into the stock.
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Tata Select Equity: Invest
Though thematic, the scheme is more diversified than other sector funds, reducing the risks that typically accompany such funds.
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Devaki Hospitals - Open offer: Reject
Shareholders can retain their holdings, as any step the new management may take to unlock value in real estate, will provide a fillip to the stock.
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Adlabs Films: Buy
The commercial risks of the new segments are high as the revenue stream depends heavily on box-office hits. The company, however, remains a safer alternative to pure-film or pure-exhibition plays in the sector.
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Syndicate Bank: Hold
Mobilising low-cost funds and preventing creation of fresh NPAs will be the key variables to impact earnings over the medium term.
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Sundaram BNP Paribas Growth: Hold
Investors in Sundaram BNP Paribas Growth can retain their units. The fund comfortably outpaced its benchmark BSE-200 over three- and five-year periods, though its performance has flagged over the last seven months despite its large-cap bias. HSBC ...
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Godfrey Phillips: Hold
Godfrey Phillips' cigarettes business is making commendable returns, while its tea division is proving to be dampener.
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IPOS
Indus Fila mulls IPO for expansion
The Bangalore-based apparel maker and exporter Indus Fila is planning to tap the capital market to raise money to part fund its Rs 180-crore expansion programme. The company has plans to double its capacity on all fronts in the next 18 months. ...
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OUTLOOK
Index Outlook
It was certainly not a smooth sailing for the Sensex last week. The markets hit a stormy patch mid-week that caused the Sensex to dive to a low of 12950. But we were back on course, in placid waters and under clear blue skies by the end of the ...
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Market View
The surge in international acquisitions by Indian companies, and what is now recognised as a definitive expansion in capital investments, is clearly the much-awaited next phase in the growth phase of the economy. A healthy growth ...
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TRENDS
Mutual funds see fresh inflows of Rs 15,276 cr in Oct
Fresh inflows of Rs 15,276 crore found their way into mutual funds in October, after the redemptions of Rs 23,542 crore in September. According to data released by the Association of Mutual Funds in India (AMFI), most of the categories have ...
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