MARKETS
INVESTMENTS
Bank deposits now look more `interest'ing
Most banks, both public sector and private, are offering rates not seen at the short end of the maturity spectrum for long. So, if you are looking to reduce your exposure in equity and increase investment in safer options such as term deposits, there couldn't be a better time to do it than now.
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Investment Nuggets
Considered as one of the top money managers in the US, Bill Nygren, Portfolio Manager of the Oakmark family of funds is famous for his `simple' value investing philosophy. His investing secret sauce is said to be the relentless focus on ...
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MUTUAL FUNDS
SPOTLIGHT
How investors should deal with the merger of UTI funds
The decision to stay with or exit these funds depends on three key factors — your overall asset allocation and portfolio mix, the original rationale for investing in the fund and whether the new, post-merger fund still suits your objectives and risk profile.
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Pooling manager skills
The essence of the multi-manager process is to seek advice from managers with the best skills in specific sectors. — MR MUGUNTHAN SIVA, CIO, OPTIMIX
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Quantum Long Term Equity — Not rocking the boat
Quantum Long Term Equity Fund is an open-ended scheme with an objective to achieve long-term capital appreciation by investing primarily in shares of companies that will typically be included in the BSE-200. The fund follows a value-investing ...
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STOCKS
SMART MESSAGE
Dos and don'ts in stock picking
If you are an investor on the look out for undiscovered stocks with great growth prospects, be assured you are not the only one! With the stock market no longer predictable, chancing upon value buys in the current market is no more anybody's ...
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Mukand Steel: A turnaround tale
The company came out of its losses to break even two years ago and last fiscal it notched up Rs 86 crore operating profit, which is expected to touch Rs 120 crore this fiscal.
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ONGC deploys new exploration tech in Balol, Vasai oil wells
Also in pursuit of new discoveries in marginal fields
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STOCK MARKETS
Query corner
I have bought Valecha Engineering at Rs 210 and Lloyd electric at Rs 173. I would like to know the short- and long-term targets for the same. Vinod, Mathew Valecha Engineering (Rs 215.1): Valecha Engineering has made a long ...
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Stock up on the consumption theme
With the economy growing at 8-9 per cent, consumption is likely to remain a dominant theme in the markets. And the domestic consumption story is one of the few ideas that professional investors are almost unanimously positive about.
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Trader's Corner
Many a time, during the trading day, one comes across the perfect break out in a chart accompanied by buy signals in the momentum indicators. But we do not act upon it. A stray news item we had read in the morning or a conversation we had with a ...
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Long-term reversal in ACC
The scrip continued to receive a trouncing at the bourses losing 7 per cent last week. The stock has moved below the long-term support that exists at Rs 787. The long-term bull phase that commenced in April 2003 has been fractured in this stock. ...
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SBI
There is no abatement in the selling pressure in this counter. SBI is down 34 per cent from its all-time high that was made in December 2006. It has also closed below its 200-day moving average for the second week in a row. The long-term support ...
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Tata Steel
This counter could not get past the resistance at Rs 460 that we had indicated last week and closed on a flat note. The 50-day moving average at Rs 460 continues to be an important resistance for the short term. Traders can continue to short ...
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Infosys
The stock remained subdued hitting a low of Rs 2,011. The bearish engulfing candle on the weekly chart does not bode well for the short term. The stock has been able to retrace only 38.2 per cent of the fall that it recorded since its peak at Rs ...
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Reliance
The stock could not get past the 50-day moving average positioned at Rs 1,350 last week. The movement last week suggests that we are in the second wave of the downward move that began from the top at Rs 1,445. This move can evolve in to flat ...
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ONGC
The stock remained stuck to the range between Rs 750 and Rs 820 for yet another week. The stock reversed down from the long term 200-day moving average in the middle of the week. Our outlook remains one of caution. The Rs 740 level is a ...
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Bulk deals on NSE & BSE
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DERIVATIVES MARKETS
Options guide
RECOMMENDATION
BHEL: Buy
Investors can consider exposure in Bharat Heavy Electricals (BHEL) with a medium-term perspective. Since the markets are likely to remain volatile in the near-term, any weakness linked to the broad market can be utilised to step up exposure. ...
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ICRA: Invest at cut-off
The high-margin profile and scalability of ICRA's businesses make the IPO an attractive investment option for those with a three-year perspective.
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Tata Elxsi: Buy
Strong business environment for offshoring, encouraging demand for product design and engineering services and good financial performance are positives.
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Vimal Oil and Foods: Avoid
This rights-cum-public offer is being made to fund the transition from a solvent extraction company to a branded foods marketer, which may be very difficult.
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Tata Infrastructure Fund: Hold
Investors can retain their investments in Tata Infrastructure Fund, a theme fund. It has generated a return of 11 per cent for the past year. The performance compares favourably to that of several diversified equity funds during the same period. ...
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Orbit Corporation: Avoid
This IPO is unattractive as redevelopment projects could not only be long-drawn, but also riddled with uncertainties.
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OUTLOOK
Index Outlook
If one word can sum up the market mood last week, it is resignation. After the deep cut received in the previous weeks, market participants seem resigned to the fact that this correction will not end in a hurry. The profit booking that met each ...
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Market View
Even as shorter-term domestic concerns regarding interest rates and inflation persisted, the markets relented under global liquidity concerns as investors seemed to focus more on the bad news. The question really is — does ...
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