MARKETS
FINANCIAL SERVICES
Market boom triggers rush for demat a/cs
CSDL sees sharp rise in last 2 months
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DIVIDEND ANNOUNCEMENT
Update
JP Morgan Asset Management India has launched JP Morgan India Smaller Companies Fund. The objective of the fund is to generate long-term capital appreciation from a portfolio of equity and equity related securities ...
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MUTUAL FUNDS
Doha Bank of Qatar to launch India oriented MF
Awaits regulatory clearances
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STOCKS
Prominent bulk deals on NSE & BSE
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STOCK MARKETS
Query corner
I am planning to buy Rajesh Exports. Please let me know the level at which I can buy this stock. SnehaRajesh Exports (Rs 855): Rajesh Exports has beaten our expectations and turned ...
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Reliance
RIL reversed above the support at Rs 2,600 and moved on to a 5 per cent gain for the week. The break-out on Wednesday has set off the third leg of the short-term move that began from Rs 2,384. This move has the targets of Rs 2,894 and then Rs ...
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SBI
The stock recorded yet another strong week with a gain of over 7 per cent. Though Thursday’s fall caused a minor reversal, it is expected to move higher to Rs 2,430 and then Rs 2,530 in the near term. The near-term outlook will reverse ...
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Tata Steel
Tata Steel struggled valiantly to hold the support at Rs 800, indicated in our last column. This resulted in a volatile move between Rs 800 and Rs 900. The short-term outlook for the stock stays negative. Tata Steel is expected to move lower ...
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Infosys
IT stocks led by Infosys weighed the market down last week. Despite the mid-week bounce, Infosys ended with a 5 per cent loss. The stock could spend a few sessions moving in a band between Rs 1,610 and Rs 1,730. Fresh purchases should be ...
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Bharti Airtel
Bharti Airtel tested the support at Rs 840 last Monday; reversing from an intra week low of Rs 834. Though this key support is holding, the recovery was rather tentative. The medium-term trend continues to be down in the stock. The resistance ...
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Satyam Computers
Satyam recorded an intra-week low of Rs 407 and moved sideways thereafter, between Rs 410 and Rs 440. The stock is positioned way below its long-term averages. The short-term outlook stays negative. Satyam is not likely to move above the ...
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Trader's Corner
For a day trader, each day is war. Just as a general with a detailed plan of action who eventually wins the war, the more the preparation that is put in prior to the commencement of the trading day, the greater the chance of a success. ...
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DERIVATIVES MARKETS
Nifty may trade in ranges
Consider going long on MTNL
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FOREIGN INSTITUTIONAL INVESTORS
Private equity firms make a beeline to IIM-B
Bangalore, Nov 17 Private equity firms are wooing Indian Institute of Management Bangalore (IIM-B) grads this year. For the first time, PE bellwether Blackstone Group has hired at the institute. Other PE majors such as ChrysCapital, Greater ...
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FII ceiling in Unitech hiked to 100%
The Reserve Bank of India has allowed Foreign Institutional Investors (FII) to increase their exposure to up to 100 per cent in Delhi-based Unitech. The company had earlier passed resolution to this effect at the Board of Directors’ and the ...
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RECOMMENDATION
Tata Power: Book profits
Tata Power shareholders can consider booking profits on their holdings. The stock has run up rather sharply in the last two months, gaining by 67 per cent to Rs 1,252 on Friday. At this price, the stock discounts the annualised sustainable ...
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Aurobindo Pharma: Buy
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DSPML Equity: Invest
With a strong long-term track record, a well-diversified investment strategy and a portfolio that carries a blend of large-cap and mid-cap stocks, DSPML Equity is a good option for investors with a moderate risk profile. The fund figures in ...
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Renaissance Jewellery: Avoid
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JM Emerging Leaders: Hold
Investors can retain their units in JM Emerging Leaders as the fund has witnessed a turnaround in performance over the past six months. The scheme has seen a change in fund management twice since its inception two years ago.The fund, ...
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Kolte-Patil Developers: Invest at cut-off
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Kaushalya Infrastructure: Avoid
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IPOS
Persistent’s equity share issue
Persistent Systems Ltd has filed its Draft Red Herring Prospectus (DRHP) with SEBI to issue 49.74 lakh equity shares of Rs 10 each. This includes an offer for sale of 9.65 lakh equity shares by the shareholders. The proceeds from the issue will ...
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OUTLOOK
Index Outlook
The bulls, rejuvenated by the Diwali break, came thundering back last week to yank the Sensex back from a deeper correction. The Indian markets displayed remarkable resilience last week. Weak industrial production numbers for September and ...
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What’s ahead?
After being in the “sell” mode for while, foreign institutional buyers showed signs of renewed interest, buying shares worth net Rs 1,740 crore in the last two days. The Government’s announcement that it would be approaching ...
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Market View
In the past month we have seen both bouts of euphoria and volatility, in our view this reflects the acceptance of emerging market equities as an asset class and also some unfounded concerns on impending regulatory actions. FII’s in a ...
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