Business Daily from THE HINDU group of publications
Sunday, May 27, 2007
ePaper
Markets (May 25)
BSE Sensex14338.45 (+120.34)
S&P CNX Nifty4248.15 (+43.25)
US Dollar (Buy/Sell)40.62


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FINANCIAL SERVICES
Choosing the right advisor
Investing is not about chasing high returns. It is about ensuring that all your financial goals are met. More

NEW FUND OFFER
Update
Reliance Mutual has introduced exit loads on four of its equity schemes from May 21. The schemes are Reliance Vision, Reliance Equity, Reliance Equity Opportunities and Reliance Growth. The fund will charge an exit load of 1 per cent for ... More

MUTUAL FUNDS
Fund Talk
If one compares returns through the SIP route with lumpsum investments for certain periods, one finds that lumpsum investments have done better than SIP investments at times. Why is this so? In SIPs, is it not necessary to take into ... More

Sundaram BNP Paribas Rural India Fund — Manufacturing still on top
The bullish stock market of the past three years has seen the launch of several innovative theme-based funds. Sundaram BNP Paribas Mutual Fund launched Sundaram BNP Paribas Rural India Fund last April. As its name suggests, the fund's investment ... More

STOCKS
Sensex companies witness growth in retail investors
9.9% rise between Q1 and Q4; sound information on cos fuels rise More

Stock-specific action in markets
The benchmark BSE Sensex closed at 14338 points, gaining 35 points or 0.24 per cent from the previous week's close. The start of the week saw a couple of steel majors — Tata Steel and SAIL — support a strong market rally on the back ... More

STOCK MARKETS
Query Corner
Kindly let me know the prospects of ICSA. Brij Lal Dhiman, Aloke Chakrabortty, Venkatesan ICSA (Rs 1,124.6): The long-term up trend is intact in this stock. Though the stock lost more than 50 per cent in the May 2006 ... More

Trader's Corner
As per Wikipedia, the word `glamour', originally meant casting a spell over someone, particularly to change how things appeared to them. This definition aptly describes the devastating effect that glamour stocks have on the traders and investors. ... More

Reliance
RIL reversed after crossing our medium-term target of Rs 1,755 briefly during the week. We had indicated the possible termination of the medium-term up trend from Rs 1,262 at current levels. A correction of this move would take the stock to a ... More

SBI
Investors seemed to be having second thoughts regarding the SBI stock last week. It slipped to an intra week low of Rs 1,251. It is too early to conclude that the move from the March 2007 low has concluded. The stock has reversed from its ... More

Tata Steel
This stock soared past our second short-term target to hit an intra week high of Rs 662. But nervousness seemed to grip the counter as it neared its previous record high of Rs 679. Though the short-term trend turned down on Thursday, the ... More

Infosys
Infosys steadied itself above the Rs 1,900 support last week. A morning star formation on the daily chart indicates a rally to Rs 2,050 and then Rs 2,150 in the short term. The resistance around Rs 2,050 is formidable since both the 50- as well ... More

ACC
ACC closed the week with a 2 per cent loss. But the short-term trend in this stock would be defined as sideways. The immediate support for the stock are present at Rs 821 and then at Rs 798. Traders can watch for buying opportunity around Rs ... More

ONGC
ONGC could not rally past the resistance at Rs 945 and reversed from an intra-week high of Rs 941. The 50 DMA positioned at Rs 880 will support the stock in the near term. Move between Rs 880 and Rs 940 would be construed a precursor to a move ... More

RECOMMENDATION
Asian Paints: Buy
The stock of Asian Paints appears to be a good addition to the portfolio for conservative investors with a two-year investment horizon. Strong growth prospects for decorative paints arising from the higher pace of construction activity and a ... More

ICRA: Book profits
At the current price levels, investors can lock into returns on at least part of their holdings in the stock. More

Petronet LNG: Buy
The company's expansion plans augur well as they coincide with the growing demand for natural gas in the country. More

Magnum Multiplier Plus: Hold
Investors can retain their investments in Magnum Multiplier Plus 1993 given its inspiring performance over three-year and five-year spans. Over these time-frames, the fund generated returns of 50 per cent and 45 per cent respectively, and ... More

Decolight Ceramics: Avoid
Given the huge capacity additions, the company faces the risk of competition from unorganised players and a glut in the event of a real-estate slowdown. More

DSP ML Balanced Fund: Invest
With a flexicap approach to stock selection, this fund appears well-suited to be a core portfolio holding for an investor who does not wish to take active calls on asset allocation. More

OUTLOOK
Index Outlook
It was a historic week for the Indian bourses. Three of the leading indices, S&P CNX Nifty, BSE 500 index and BSE 200 index scaled record highs. The customary bout of profit booking associated with new highs, prevented Sensex from emulating its . More






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