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Generating passive income
Economics is about how you realise your dreams and achieve financial freedom. Can you get up in the morning, decide not to go for work and yet generate income? One of my friends in his thirties has already retired from active employment. He ...
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NEW FUND OFFER
We're still optimistic on mid-caps' prospects
In a close-ended product you are not subject to constant subscription/redemption pressure and are able to take a more long-term view. — CHIRAG SETALVAD, SENIOR FUND MANAGER, HDFC MUTUAL FUND
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Update
Taiwan is the latest country to impose a cap on new mutual funds. The country has slapped a T$10-billion ($302 million) cap on all new funds, it was reported this week. This is said to be an attempt to stem rising offshore investing that ...
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MUTUAL FUNDS
Mutual funds asset base swells
Rs 57,474-cr increase witnessed in May; growth broad based
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Birla Midcap Fund: Greater interest in banks
Birla Midcap is an open-ended growth fund, with over 65 per cent of the portfolio comprising of mid cap stocks. The past year was a testing time for mid-cap funds with markets going through volatile phases. Many mid-cap funds under-performed ...
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STOCK MARKETS
Investment Nuggets
As Harris and Harris Group Professor at Massachusetts Institute of Technology's Sloan School of Management and Director, MIT Laboratory of Financial Engineering, Dr Andrew Lo has had an admirable influence on scores of the "best and brightest'' ...
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Query corner
Please let me know medium- and long-term outlook for Ultratech Cement and Hero Honda. At what price should I buy these stocks? Vipul Agarwala Ultratech Cement (Rs 837.7): The sharp correction in Ultratech Cement witnessed ...
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SBI
SBI gained 6 per cent last week and closed above its short-term trading range. The targets for the stock would now be Rs 1,421 and then Rs 1,497. The short-term outlook will remain buoyant until the stock trades above Rs 1,250. However, a ...
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Tata Steel
Tata Steel spent the week in an extremely narrow band between Rs 614 and Rs 645. The Doji in the weekly chart indicates that the stock is halting prior to its next move. The very thin volumes observed during the week are a cause for concern ...
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Reliance
RIL remained in the band between Rs 1,700 and Rs 1,800 last week. If the stock sustains above Rs 1,700, it can make an effort to move higher to Rs 1,808 and then Rs 1,855 over the medium term. But as mentioned earlier, the medium term up trend ...
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Infosys
The stock continued to slide lower, recording a weekly loss of 2 per cent. The movement witnessed over the last two weeks mimics a running correction, which indicates a potential slide to Rs 1,830 or Rs 1,694 in the medium term. Strong ...
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ACC
ACC is moving in a rectangular band between Rs 830 and Rs 900 since May 8. It is difficult to ascertain whether this is a consolidation in the medium term up trend or a terminal corrective. The struggle to move past Rs 900 is also rather ...
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ONGC
ONGC remained confined to the range that has held the stock over the last two weeks. Our view on this stock stays unaltered. The short-term trend is down and the stock is expected to move lower to Rs 867 and then Rs 846 in the short term. The ...
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STOCK TAKES
Crompton Greaves: Integrating rapidly
With the acquisition of the Ireland-based Microsol Holding, through its subsidiary, Crompton Greaves (CG) has made further strides in its objective to expand globally in the power systems and solutions business. This leaves the company with three ...
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Trader's Corner
There are many who desire to enter the world of technical analysis and are wondering where they should begin. The first step is to accept that the market is supreme. It is futile to outsmart or outguess it. We just have to flow with the market ...
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Stock contest
Among the entries received for the stock contest held during the month of April 2007, the stock of Cinevistaas recorded the maximum gain. Its share price rose from Rs 29.05 to Rs 50.85 during the month. Out of about 440 entries received, there ...
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DERIVATIVES MARKETS
Nifty future encounters resistance
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RECOMMENDATION
Idea Cellular: Hold
Trends in subscriber additions and the company's strategic initiatives signal strong business prospects. But the stock may offer scope for fresh exposures at lower levels.
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Punj Lloyd: Buy
Punj Lloyd's inspiring financial performance for FY07, a strong order book buoyed by newly acquired subsidiaries and renewed focus on its core areas of oil and gas infrastructure solutions, are indicative of strong prospects for ...
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Nelcast: Invest at cut-off
Robust demand for casting components in the domestic and export markets lends visibility to the revenue prospects.
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JM Basic: Hold
The fund's broad-based investments — from energy stocks to capital goods and the construction sector — has helped accelerate returns.
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Sundaram BNP Paribas Tax Saver: Invest
Investment can be considered in the Sundaram BNP Paribas Tax Saver based on its long- term record. Since inception, the fund has generated a healthy return of 25 per cent on a compounded annualised basis and outpaced its benchmark BSE-200 by 8 ...
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Meghmani Organics: Invest at cut-off
The company appears well-placed to deliver reasonable earnings growth. But the lack of market fancy for stocks in this sector may curtail the scope for significant short-term gains.
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IPOS
Zylog Systems plans IPO
Zylog Systems Ltd, a Chennai-based information technology company, plans to raise Rs 100 crore through an initial public issue. It plans to issue 36 lakh equity shares of Rs 10 each through the book-building route, according to a ...
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OUTLOOK
Index Outlook
Indian markets thrived in the blistering month of May with Sensex gaining 5 per cent. Net FII inflow of nearly $1 billion was largely responsible for warding off another bout of "mayhem". With the index just 200 points away from a record high, ...
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Market View
When one looks at the P/E of the S&P CNX Nifty, the valuation is far in excess of such markets as Brazil, Russia, Korea and Thailand. On this basis, the Indian market appears expensive. Even when one looks in isolation at the ...
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