The Hindu Business Line : Sunday, December 17, 2006

DIVIDEND ANNOUNCEMENT
75 pc dividend under Canindex
Canbank Mutual Fund has declared a maiden dividend of 75 per cent on its Canindex scheme. The index-based scheme was launched in September 2004. The objective of the scheme is to generate income/capital appreciation by investing ... More

MUTUAL FUNDS
Heavy inflows into mutual funds in Nov
Heavy inflows into liquid and money market mutual funds were seen in November, according to data by the Association of Mutual funds in India with inflows put at Rs 16,445 crore in liquid funds against Rs 6,332 crore in October. "In November, ... More

HDFC fund to invest in hospitality sector
The Fund will tie-up with equity investors who own hotels abroad or who have a hospitality management team such as Abu Dhabi Investment Authority or Capital Land. More

ABN AMRO Future Leaders: The construction tilt
ABN AMRO Future Leaders Fund is an open-ended equity scheme which seeks to invest in mid- and small-cap companies with high growth opportunities. The fund defines the market capitalisation for these companies as being below that of the 99th stock ... More

Fund Talk
I would like to invest with a time horizon of 20 years for retirement planning. I want to take advantage of both debt and equity through the mutual fund route. Which of the following methods will you recommend for the same: — Investing ... More

Fund Update
Franklin Templeton Mutual Fund has declared a dividend of 40 per cent and 20 per cent in Templeton India Growth and Templeton India Pension Plan respectively. The record date is December 20. UTI Mutual Fund has launched ... More

STOCK MARKETS
Market correction: This time, it's different!
Corrective phases, when they occur, will be sharp and difficult to predict. It may be prudent to make strategy changes to de-risk your portfolio. More

PE ratio: An effective screen-test
The PE (price-earnings) ratio is among the basic tools used to measure how cheap or expensive a stock is. This ratio measures the number of times a stock quotes as a multiple of its earnings per share and is also commonly referred to as the PE ... More

Investment Nuggets
Widely travelled and contrarian in his views, Jim Beeland Rogers was the co-founder of Quantum Fund along with George Soros. Rogers has repeatedly demolished the myth that investing in commodities is more risky than investing in stocks and ... More

SMART MESSAGE
The pleasure dimension
We all consider `risk' and `return' while investing. But what about... pleasure? After all, since the ultimate goal of investing and making money is pleasure, why not mix in `pleasure' during the process of investing itself. What is wrong with ... More

Query Corner
I have held shares of Devaki hospitals for more than a year. I would like you to enlighten me more on the subject. Kapurchand Devaki Hospitals (Rs 17.8): This stock is moving in a band between Rs 15 and Rs 20 since July. ... More

ACC
This one took the deepest cut of them all. ACC has retraced 54 per cent of the gains made since June lows in this fall. Though the recovery on Thursday and Friday was commendable, it has not mended the damage to the medium-term trend yet. The ... More

CALL CENTRE
Just a matter of time
"Is it a good time to invest now?" A question very few equity market investors would not have asked. Most investors seeking to dip their toes in the stock market think they should `time' the market. But what is market timing? Quite simply, ... More

Infosys
Infosys was one of the least-affected in last week's carnage. It recorded a gain of 1.6 per cent. Since the stock reversed from our support at Rs 2,130, the short-term trend continues to be sideways between Rs 2,130 and Rs 2,300. Though ... More

Key resistance for Tata Steel
This stock slid to a low of Rs 424 on Wednesday. We have a morning star in the daily candle stick chart. The momentum indicators too are pointing towards a short-term bottom at Rs 424. But the weekly charts continue to look despondent. ... More

SBI
The oscillators in the daily chart are in oversold zones, but the short-term downtrend has not been reversed yet. If the low of Rs 1,165 holds for two more weeks, it would indicate great underlying strength and a rally past Rs 1,500 would be ... More

Reliance Industries
RIL slipped below the Rs 1,220 support to a low of Rs 1,181. But the intermediate term channel drawn from the low made on June 8 has not been breached yet. The upper boundary of this channel lies at Rs 1,432. That is the medium-term target for ... More

Money Talk
Mr Rohit Choodanath, a BE in Computer Science, is currently working with Symphony Services as a Senior Software Engineer. Travelling, trekking, blogging and astrology are his hobbies. In a chat with Young Investor, he shares his ... More

ONGC
ONGC slipped below its 200 day moving average last week. But it has managed to close the week above Rs 800. The price is currently in the island between the 50-day and 200 day moving averages. The 14-week RSI is at 51 and 10 week ROC is just ... More

Chart Focus
We recommend a buy in TNPL at current levels. The stock is moving in an upward moving channel since 2002. The lower boundary of this channel is positioned at Rs 78. Any down move in this stock is expected to get arrested in the band between Rs 75 ... More

Trading Tips
Many among the trading fraternity are comfortable buying low and selling high. But when it comes to selling high and buying low, they hold back. The first step towards becoming a successful trader is to accept the reality that markets cannot ... More

DERIVATIVES MARKETS
Create a hedge and cut your losses
Using derivatives to lock-in the value of your portfolio More

Volatile condition may prevail
More

FOREIGN INSTITUTIONAL INVESTORS
Japan FIIs may pump in over $10 b next year
Freight corridor work may begin in a year: Manmohan More

REGULATORY BODIES & RULINGS
SEBI moots super self-regulatory organisation
The Securities and Exchange Board of India has mooted the formation of a super SRO, a self-regulatory organisation that will combine some of the key constituents of the capital market — brokers, mutual funds and merchant bankers. The SEBI, ... More

RECOMMENDATION
Punjab National Bank: Buy
An investment may be considered in the stock of Punjab National Bank (PNB) at Rs 507. Strong fundamentals, ability to protect margins, well-capitalised balance sheet and attractive valuations make it a preferred pick among larger public sector ... More

HLL: Buy
Hindustan Lever's earnings growth stems clearly from strong volume offtake from domestic consumers, which should deliver predictable earnings growth. More

i-flex solutions: Accept
While i-flex stands on a sound footing, product business is inherently volatile and greater synergies are expected to accrue from its association with Oracle only in the long haul. More

IL & FS Investsmart: Accept
Though the changes at the management and ownership level lend long-term credibility to the company's business, uncertainties may surface over the near term as it manages the transition. More

HDFC Top 200 Fund: Invest
The fund's sector and stock choices have been conservative, with a bias towards sectors with a defensive orientation. More

Lumax Auto Technologies: Invest
Reasonable pricing and a fairly good set of metrics are reasons why an investment in the offer may be considered More

Sundaram BNP Paribas India Leadership Fund: Hold
Investors can retain their holdings in Sundaram BNP Paribas India Leadership Fund. It has, since inception, generated a return of 56 per cent outpacing its benchmark index, the Nifty, by 8 percentage points. The fund's objective is to invest in ... More

Tata Teleservices (Maharashtra): Avoid
Given the higher competitive intensity and changing market dynamics, retaining market share and building up scale from these levels will be a tough challenge for TTML. More

Shree Ashtavinayak Cine Vision: Avoid
Given the high-risk nature of the business, investors should watch the company's performance before taking an exposure. More

OUTLOOK
Index Outlook
It was a week that truly mirrored the two emotions that govern all stock related transactions — panic and greed. Prices hurtled downwards in to a bottomless pit in the first half of the week only to reverse mid-way leading to another ... More

Market View
Equities now trade at levels that factor in several quarters of relentless growth (and that too on a substantially higher bas) in line what we have witnessed over the past three years. As the market has extended deep into ... More

ECONOMIC OFFENCES
Manipulators warned
The Securities and Exchange Board of India has vowed to "make life difficult of manipulators". This was stated in no uncertain terms by the CGM of the market watchdog's surveillance department, Mr R. Ravichandran, here today. The SEBI ... More

INVESTOR PROTECTION
New ID roll-out for investors
A new set of agencies will now issue IDs More