MARKETS
INVESTMENTS
CALL CENTRE
Of filters and barriers
A circuit filter is an upper/lower limit imposed on the price movement of a stock during a trading day. This is done to limit the erosion or appreciation in value that an investor is likely to experience on a particular day. Once the circuit ...
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Money Talk
Sam Ghosh, CEO of Bajaj Allianz Life Insurance Company, talks of his personal investment decisions and has useful advice to offer on how young investors should choose their insurance plan. Which was your first investment, at what ...
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MUTUAL FUNDS
MFs see new inflows at Rs 55,128 cr in May
In May, the equity schemes of mutual funds faced redemptions of Rs 286 crore in line with the general volatility and weakness in the equity markets as per the data released by the Association of Mutual Funds in India. However, the overall fund ...
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`We will focus on rapid growth companies'
In a rapidly growing economy, a `growth style' might deliver better returns, albeit with higher volatility. K. N. SIVASUBRAMANIAN, SENIOR PORTFOLIO MANAGER, FRANKLIN TEMPLETON
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Fund Talk
Even four or five funds offer sufficient diversification benefits to shield your portfolio from poor performance in one sector or stock.
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Update
SBI Mutual Fund has announced that it has extended the closing date of SBI Infrastructure Fund -Series I by three days to June 11. The three-year close-ended equity fund opened for subscription on May 11. ABN AMRO Asset Management ...
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TECHNICAL ANALYSIS
Nifty future may trade in tight band
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STOCK MARKETS
Takeover talk doesn't bother promoters
Not rushing to shore up stakes
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Query Corner
Can you shed light on the prospects of Megasoft and Gwalior Chemicals? Paresh Kapadia Megasoft (Rs 129.4): Megasoft has recorded a long-term peak at Rs 205 in May 2006. The correction that ensued eroded 50 per cent of the ...
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Trader's Corner
The second tenet of technical analysis is that `price discounts everything'. To accept this tenet, one needs to spend at least a few years poring over the industries and companies' performance data, trying to correlate the stock price moves to ...
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`Hedge fund managers often help prevent market risks'
In reality, hedge funds provide insurance against market shocks by providing price discovery and liquidity. — MR JOHN G. GAINE, PRESIDENT, MANAGED FUNDS ASSOCIATION, US
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Reliance
The evening star pattern on the weekly chart of Reliance Industries is signalling the completion of a five-wave move from the low at Rs 1,262. The short-term target for the stock is Rs 1,580. Since the 50-day moving average is positioned just ...
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SBI
The stock raced past our first target to record a high of Rs 1,455. But the bearish engulfing candle in the daily chart signals the commencement of a short-term down trend. Friday's low of Rs 1,332 is the immediate support. A bounce back from ...
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Tata Steel
The stock closed the week with an 8 per cent loss. This down-move is the correction of the rally recorded since March. The silver lining is that 30 per cent retracement of this up-move has already been completed. The stock could stabilise ...
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Infosys
The scrip was relatively unscathed by last week's turmoil. The under-performance over the past three months could have acted as a shield. The stock is precariously hanging on to the support at Rs 1,900. We continue to believe that the stock is ...
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ACC
The move below Rs 830 in ACC proved beyond doubt that the sideways move since May was a terminal corrective. The stock is poised at its intermediate term support of Rs 768. A step lower will mean that the up-move since April was the second leg ...
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ONGC
ONGC moved lower, in line with our expectation and halted at an intra-week low of Rs 842. The 200 DMA at Rs 850 is also supporting the stock at current levels. There can be a short-term bounce that takes the stock higher to Rs 898 or Rs 932. ...
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RECOMMENDATION
Everest Kanto: Book profits
Investors with a medium-term perspective can consider booking profits on at least a part of their holdings in the stock of Everest Kanto Cylinders (EKC), a leading player in the manufacture of seamless steel gas cylinders. At current market ...
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DLF: Invest at cut-off
DLF's well-rounded business is likely to place it among the top-tier real-estate players in India. However, the stiff offer pricing makes it suitable only for investors with a higher risk appetite.
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Vishal Retail: Invest at cut-off
Strong growth potential in smaller towns and reasonable valuations offer potential for upside in the medium term.
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IPOS
Empee Distilleries plans IPO for funding expansion
Intends to issue 48-lakh shares
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OUTLOOK
Market View
Our macro call on the economy continues to be positive and corporate profit growth remains robust. We have adjusted our portfolios (by reducing the cash levels) to capture the corporate earnings performance during the March ...
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Index Outlook
The insuperable air sported by Sensex at the end of last week gave way to uncertainty as it was swept lower along with the rest of the global indices. Market derives this vicious pleasure in reversing only after it has lured in as many naïve ...
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