Business Daily from THE HINDU group of publications
Sunday, April 29, 2007
ePaper
Markets (April 27)
BSE Sensex13908.58(-320.30)
S&P CNX Nifty4083.50 (-94.35)
US Dollar (Buy/Sell)41.11 (+0.16)


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MARKETS

FINANCIAL SERVICES
Retail investors must `focus on equity with a long-term view'
"To make money, retail investors should follow professional and competent advice and pick companies with a long-term and established track record. Most important, they should avoid leveraging but invest from their own funds." More

MUTUAL FUNDS
Fund Talk
Irrespective of the performance of a company's share in the stock market, companies declare dividends periodically. Mutual funds, being large investors, get these dividends. Will the NAV of a fund rise due to the impact of a huge dividend ... More

ICICI Prudential Infrastructure — Fewer building blocks
ICICI Prudential Infrastructure Fund seeks to invest in sectors such as cement, power and construction as also in banks, which aid infrastructure building. With stocks in the construction space losing steam over the last quarter, the fund made ... More

Equity funds: Select themes offer a glimmer of hope
Investors need to remain patient during volatile times. The strategy of switching between funds every quarter not only exposes you to the risk of losses but also pegs up transaction costs. More

STOCK MARKETS
Trader's Corner
It would not be news to those associated with the stock markets that stock prices are sensitive to news. Memories of May 2004 when Sensex plummeted more than 15 per cent on a single day as the tidings of the BJP debacle in the Lok Sabha elections ... More

Reliance
The bearish engulfing candle in the daily chart of RIL points towards the start of a fresh short term down trend. The short-term support for the stock is at Rs 1,506. If the stock reverses from here, it can move sideways between Rs 1,500 and Rs ... More

SBI
SBI drew close to our medium term target of Rs 1,175 last week. But the evening star pattern in the daily chart and the fact that the target for the C-wave from the low of Rs 845 has been attained, portend a short term correction that can take ... More

Tata Steel
It was a volatile week for Tata Steel. It initially went higher to Rs 585 and then plummeted to Rs 535. Since the stock has been unable to overcome the resistance at Rs 573, it is a sign that investors need to tread cautiously as the move from ... More

Infosys
Oscillators imply short-term weakness in Infosys. The close below the 200-day average is also a negative. However, the short-term support for the stock is present at Rs 1,900. If the stock bounces from here, it can spend a few weeks moving ... More

ACC
ACC recorded yet another white candle in the weekly chart, thus forming a pattern that is close to the three white soldiers. Since this occurs after a long-legged doji in the beginning of April, an intermediate term low could have been formed at ... More

ONGC
ONGC moved past our first target of Rs 960 and tried to get as close to the four figure mark as possible last week. The short-term support for this stock is at Rs 925. A reversal from this level can take the stock higher to Rs 990 and then Rs ... More

DERIVATIVES MARKETS
Nifty futures may move sideways
More

REGULATORY BODIES & RULINGS
Inside of insider trading
Insider-trading is a term often heard by those investing in the stock market. Though the term has a surreptitious ring to it and stock market regulators around the globe spend considerable time framing laws to combat this menace, it is not always ... More

RECOMMENDATION
KEC International: Buy
KEC International's strong financial performance, superior execution skills in power transmission projects and diverse client base provides high visibility to its earnings growth. Investors can consider investing in small lots. Any ... More

Tata Power: Hold
The spate of new generation projects under execution will see Tata Power transitioning from a utility distributing power to the financial capital to a large power generation company integrated backward into coal mining. More

Shree Renuka Sugars: Hold
The company's capex plans have come on stream during a downturn in the sugar cycle. But the scope for volume growth and revenue streams from by-products lends some optimism. More

Texmaco: Buy
Expanding railway infrastructure and the demand for logistics services to improve the company's prospects. More

HDFC Index Sensex Plus: Invest
Investors can consider HDFC Index Sensex Plus as a diversification option. The fund invests 80- 90 per cent of its portfolio in stocks that constitute the Sensex, in accordance with their weightages in the index, and the remaining portion in ... More

Query Corner
I have bought Mid-Day Multimedia shares at an average price of Rs 118 and 166 Mahindra Gesco at Rs 1,000. What should I do now, book loss, purchase additional quantity or shift to another scrip? T. Radhakrishna Mid-Day ... More

Zensar Technologies: Hold
Zensar's broad-based service offerings, recent acquisition and joint venture with a Japanese company are likely to sustain interest in the stock. More

DBS Chola Opportunities Fund: Hold
The fund has managed its size well, adopting a flexi-cap investment style that allows investors to benefit from active allocations to both large- and mid-cap stocks. More

OUTLOOK

  • Market View

    PEOPLE
    P.K Nagpal appointed SEBI ED
    Mr P.K. Nagpal has been appointed as Executive Director of Securities and Exchange Board of India. He will look after the Investigation Department. He was earlier Chief General Manager in the Investigation Department. He has been ... More






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