Business Daily from THE HINDU group of publications
Sunday, April 08, 2007
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Markets (April 05)
BSE Sensex12856.08(+69.31)
S&P CNX Nifty3752 (+18.75)
US Dollar (Buy/Sell)43.08 (-0.03)


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MARKETS

INVESTMENTS
Returns on equity funds lag debt options in 2006-07
But fund managers caution against locking into debt More

Outcome bias
Last week, two traders were arguing at a meeting about how people from all walks of life can be successful in equity trading. One of them said that she often found doctors to be bad traders! Her argument was that doctors could be emotionally ... More

Money Talk
Ashvin Arora is a Director at Optimix, a fund house that specialises in investment solutions that combine different mutual fund products to deliver a portfolio to investors. A mechanical engineer from BITS Pilani (India) with an MBA ... More

MUTUAL FUNDS
IDBI Bank plans two subsidiaries
Nod awaited for pvt equity fund and mutual fund More

Fund Talk
Though you could invest in a new fund if you feel it offers a unique benefit or style, it would unwise to make all your mutual fund investments through the NFO route. More

PruICICI Growth Plan: Much cement dumped
PruICICI Growth Plan is an open-ended diversified equity fund with 31 stocks in its February portfolio. The top ten stocks accounted for 40 per cent of the portfolio and the preferred three sectors cornered 37 per cent of the asset base. The fund ... More

  • Fund update

    STOCK EXCHANGES
    Nasdaq expects increased involvement of Indian cos
    Home-grown securities broking companies eye listing More

    FINANCIAL MARKETS
    An approach to asset allocation
    Now that you understand the importance of asset allocation to your long-term investing results, it is time to take a close look at the approach that can be used to determine your asset allocation strategy. The basic "rule of thumb" is a mix of ... More

    STOCK MARKETS
    Bulk deals help investors see what is on the cards
    Bulk deals do act as pointers for the retail investor and, used with prudence and discretion, can help unearth some multi-baggers and dark horses in the market. More

    Trader's Corner
    There are many animals that stalk the corridors of the stock markets. Among the four-legged ones, we have the bull, cat, dog and even stags. But none is as dreaded or as unwelcome as the bear. For bears personify periods of great distress when ... More

    Reliance
    The scrip was static last week. The upward channel that can be drawn from the June 2006 lows continues to support the stock. The lower boundary of this channel is present at Rs 1,300. The short-term outlook will be positive as long as the stock ... More

    SBI
    The stock's attempt to stage a comeback has been thwarted by the RBI. SBI opened with a downward gap on Monday morning that continues to remain open. The medium term outlook is neutral. The stock can oscillate between Rs 850 and Rs 1,100 for a ... More

    Prominent bulk deals on NSE & BSE
    More

    Tata Steel
    The sharp surge in this stock witnessed on Friday took the stock price beyond the short-term resistance at Rs 460. The stock has now moved above the 50-day moving average. The next resistance for the stock exists at the 200-day moving average ... More

    Infosys
    The stock dipped below the Rs 1,960 support on Monday but it recovered to end the week just around its long-term 200-day moving average. The rally last week was unconvincing and the momentum indicators in the weekly chart continue to head south ... More

    ACC
    This counter is showing no sign of bottoming out. It closed with a loss of 2 per cent last week. Volumes spiked on Wednesday, when the stock recovered from a low of Rs 680. Momentum indicators are extremely over sold on both the daily as well ... More

    ONGC
    It was a disappointing show by ONGC last week. Instead of heading higher, it reversed and moved lower to an intra week low of Rs 822. The stock has moved below the 50-day moving average and has registered lower peaks and troughs signalling the ... More

    DERIVATIVES MARKETS
    Stay cautious on Nifty
    More

    RECOMMENDATION
    CALL CENTRE
    Deciphering the analyst's jargon
    Understanding the subtle nuances to investment-speak can help you navigate the minefield of stock market investing better. More

    NTPC: Buy
    An ambitious capacity-addition programme, efficient operations and a strong financial profile lend confidence in the company. More

    Kotak Global India: Hold
    The fund is suitable for investors with a reasonable risk appetite and those looking for stocks with geographical diversification. More

    Query corner
    Kindly give your medium-term outlook for Sanghvi Movers and Aridhi Hi-Tech Industries. Roy Sanghvi Movers (Rs 640.9): This stock has had a spectacular run from the low of Rs 19 in March 2004 to Rs 913 in May 2006. The stock ... More

    Grindwell Norton: Buy
    Investors can consider taking an exposure in Grindwell Norton, a leading player in abrasives and industrial ceramics with one-two year perspective. At the current market price, the stock trades at about 11 times its expected calendar year 2007 ... More

    Shoppers' Stop: Hold
    Focus on the relatively uncontested premium department store format makes the company a superior option among retail stocks. More

    VSNL: Buy
    The two near-term triggers for the stock are the listing of Flag Telecom and its positive impact on Tyco Global and unlocking of real estate value held by VSNL. More

    ITD Cementation: Sell
    Declining profits
    Poor return on equity
    No experience in BOT projects More

    Franklin Flexi Cap: Hold
    Investors can retain their holdings in Franklin India Flexi Cap. The fund has generated a return of 41 per cent on a compounded annualised basis since launch and has outpaced its benchmark CNX 500 by nine percentage points. Franklin India Flexi ... More

    OUTLOOK
    Index Outlook
    The rather exaggerated response to the RBI's move last Monday stresses the fact that the path of least resistance is currently downwards. Another spunky fight back was required to pull Sensex back from the brink. What is worrying at this juncture ... More






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    Union Budget 2007-08

    Railway Budget 2007-2008

    Economic Survey 2006-2007

    Top Stories
    Nasdaq expects increased involvement of Indian cos

    Govt to make rural service mandatory for medicos

    Cement industry: Findings of a sample study

    Service tax collections target fixed at Rs 50,100 cr

    Indian Oiltanking in jt venture to develop liquid product terminal

    Reliance ready for Govt audit of KG basin potential

    Looking back
    Apr. 1-Apr. 7
    RBI has a tough task on hand

    Mumbai University plans BSE listing

    Index funds have wide-ranging expense ratio

    Mutual funds say no redemption pressure

    Import duty cut may hurt cement stocks

    Security broking firms witness churn in ownership

    Unstable market leaves portfolio managers worried

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