The Hindu Business Line : Sunday, July 08, 2007

UTI launches India Lifestyle Fund
UTI Mutual Fund has launched UTI –India Lifestyle Fund, a 3-year close-ended equity oriented scheme, with automatic conversion into an open –ended scheme upon maturity. The investment objective of the scheme is to ... More

Magnum Global Fund — Focussed on mid-caps
Magnum Global Fund predominantly invests in mid-cap stocks but retains the flexibility to time investments in other market cap segments as well. With increased activity in the mid-cap space over the past few months, the fund managed to outdo ... More

STOCKS
Realty stocks — Sifting hype from reality
Equity investors wanting to play the real estate theme will have to put the stocks through a slew of filters to get the measure of a company’s profitability and risk profile. More

STOCK EXCHANGES
Saurashtra SE recognition cancelled
Mumbai, July 7 SEBI has passed an order to withdraw the recognition of Saurashtra Kutch Stock Exchange (SKSE) in view of deficiencies and non compliances carried out by the exchange. As per the SEBI order, the last recognition to SKSE was ... More

STOCK MARKETS
Query Corner
I hold shares of Ansal Housing at Rs 330 and Liberty Shoes at Rs 170. What is the outlook for these companies? Suresh Kumar YadavAnsal Housing (Rs 232.7): Ansal Housing is currently retracing the upward move ... More

Index Outlook
The ovation that greeted Sensex on recording a new high and scaling 15000 last week proves beyond doubt that it reigns supreme over the rest of the indices of the Indian stock markets. How else can one account for the rather incongruous ... More

Reliance Ind
This stock is steadfastly sticking to the narrow range between Rs 1,680 and Rs 1,730. The 10-day ROC is moving around the zero line and the 14-day RSI moving around 50 clearly reflect this indecision. However, the weekly momentum indicators ... More

SBI
SBI moved higher last week, in line with our expectations. It moved past our near term target of Rs 1,584 to hit an intra week high of Rs 1,593.4. There can be a mild correction that pulls the stock lower to Rs 1,532 or Rs 1,495 in the short ... More

Tata Steel
Tata Steel made a surprise move upward last week. The mid-week rally took it towards the short-term resistance at Rs 630. The stock is poised at a critical short-term trend deciding level. A reversal from here can pull the stock down to Rs 579 ... More

Infosys
The heroic move by the IT stocks on Friday has hardy created a dent in the medium term down trend in Infosys. The stock is persevering above the Rs 1,900 support. Fall below this support will cause the intermediate term trend to turn lower and ... More

ACC
ACC continued to move in an upward trajectory a high of Rs 1,048. The stock has moved past the intermediate term resistance at Rs 1,000 and has also closed beyond the 200 DMA at Rs 940. Short-term corrections can halt at Rs 966 or Rs 937. ... More

Trader's Corner
The trader’s day would be made easy if there was an easy way of knowing where the stock will halt its slide and where the up move would reverse. The supports and resistances on the charts are the most widely followed methods for ... More

ONGC
ONGC moved lower in line with our expectation to an intra week low of Rs 868, forming an evening star pattern in the weekly chart. The 10-week ROC has slipped in to a negative zone and the 14-week RSI is poised at 50. The implication is that ... More

Prominent bulk deals on NSE & BSE
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What’s ahead?
Investors need to keep a close eye on the first quarter performance of Infosys Technologies, which is set to announce its earnings numbers on July 11, amidst concerns about the impact of an appreciating rupee on margins. The ... More

FOREIGN INSTITUTIONAL INVESTORS
Investment Nuggets
The stock of private equity giant, Blackstone, may be struggling to retain its listing gains following a $4.13 billion IPO earlier in June, but the listing of the buyout firm has certainly turned the spotlight on the rising clout and the ... More

RECOMMENDATION
HDFC Prudence: Invest
For conservative investors looking for equity exposures with a lower level of downside risks, balanced funds such as HDFC Prudence Fund appear a good option. Investors can add this fund to their core portfolio. Balanced funds in general, ... More

Tata Equity Opportunities: Hold
Investments can be considered in Tata Equity Opportunities Fund based on its three -year performance record. It has outpaced benchmark BSE Sensex during this period. The fund sports a well-diversified portfolio, with a mix of large- and ... More

Jagran Prakashan: Hold
The company offers a good exposure to the language print market and is suitable for investors with a two/three-year perspective. More

MICO — Open offer: Accept
More

IPOS
HDIL public offer fixed at Rs 500
Housing Development and Infrastructure Ltd has fixed the price of its IPO at Rs 500, the upper end of the price band. The company, which recently went public, offered 2.9 crore equity shares at a price band of Rs 430-Rs 500. — Our ... More

OUTLOOK
At 15000, Sensex stocks aren’t more expensive
Two-thirds available at PE multiples cheaper than May 2006 levels More

Nifty may see sharp swing
Infosys sees drop in open interest position More

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