Business Daily from THE HINDU group of publications
Sunday, December 30, 2007
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Markets (Dec. 28)
BSE Sensex20206.95 (-9.77)
S&P CNX Nifty6079.70 (-1.80)
US Dollar39.45 (+0.01)


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FINANCIAL SERVICES
The destination
The Singapore-based investment group, Oriental Global, has made an equity investment of Rs 555 crore in return for 6.48 per cent stake in India Infoline. The investment group is also picking up another 10 per cent stake in India ... More

Apollo Sindhoori to raise Rs 36.6 cr
Apollo Sindhoori Ltd, the stock broking company of the Apollo Hospitals group, has announced that it would raise Rs 36.56 crore by selling 6.64 lakh shares to the Mauritius-based Silverman Ltd for Rs 550 a share. In an announcement to the stock ... More

INVESTMENTS
SMART MESSAGE
Portfolio promises for the New Year
More

NEW FUND OFFER
Update
Principal Mutual has announced a dividend of 110 per cent and 25 per cent under Principal Personal Tax Saver Fund and Principal Growth Fund respectively. The record date for the same is December 31.More

MUTUAL FUNDS
‘Going for growth stocks worked well for us’
More

DSPML Opportunities : Well diversified
DSPML Opportunities Fund invests in a mix of large-cap and mid-cap stocks (about 13.5 per cent of the portfolio). It holds 76 stocks, across 30 sectors, making it quite fragmented. The fund has consistently beaten its benchmark Nifty over ... More

‘Performance impacted if fund gets too large’
More

STOCKS
The destination
The Singapore-based investment group, Oriental Global, has made an equity investment of Rs 555 crore in return for 6.48 per cent stake in India Infoline. The investment group is also picking up another 10 per cent stake in India ... More

Prominent bulk deals on NSE and BSE
More

STOCK EXCHANGES
Indian IT stocks underperform on US bourses
New Delhi, Dec. 29 With the rupee rising sharply against the greenback, the American depository receipts (ADRs) of Indian IT heavyweights including Infosys, Wipro and Patni took a beating on US bourses during 2007, significantly ... More

STOCK MARKETS
Index funds struggle to beat benchmarks
Outflows, volatility hit open-end funds More

MICROMOTIVES
Time-diversification can minimise Catch-22 risk
“… . Orr would be crazy to fly more missions and sane if he didn’t, but if he was sane he had to fly them. If he flew them he was crazy and didn’t have to; but if he didn’t want to he was sane and had ... More

Query Corner
I have purchased Reliance Industrial Infrastructure at Rs 3,030. Should I hold the stock or book loss at current levels? What are the prospects of this scrip in the short and medium-term? Prabhakar ... More

Nifty future regains bullish momentum
More

Reliance Industries
The two daily closes below the 50-day moving average that made us pronounce a weak outlook in the previous column proved to be a false signal and the stock went on to a 6 per cent gain last week. Last week’s move has taken the stock to ... More

SBI
SBI, too, reversed last week, contrary to our expectation, and is moving towards the upper boundary of its medium-term trading range at Rs 2,475. A break-out beyond this resistance would mean that the fifth wave from Rs 1,408 is unfolding and ... More

Tata Steel
Tata Steel gained 13 per cent last week and closed the week above the resistance at Rs 910. The short-term outlook has turned positive though the medium-term outlook is neutral. The stock is still confined within the medium-term trading band ... More

Infosys
Infosys moved up to an intra week high of Rs 1,840 before reversing down. A three-wave move has been completed by the stock from the trough at Rs 1,511. Falling volumes belie the strength in this short-term move. The stock could drift ... More

Bharti Airtel
This stock moved up in the first two days of the week but reversed under the resistance at Rs 1,000 and resumed its medium-term down trend. Bharti Airtel has the immediate support at Rs 936. A move below this level will usher in a fall ... More

Satyam Computer
Satyam’s attempt at moving higher was thwarted by the long-term 200-day moving average line positioned at Rs 455. The immediate support for the stock is at Rs 440. Reversal from here can make the stock rise higher towards the ... More

Trader's Corner
The stock markets have an undeniable influence on the thoughts of the men/women related to it. Traders and full-time investors can think of little else in their waking moments, and in their sleep too. The fascination that the bourses hold for ... More

FOREIGN INSTITUTIONAL INVESTORS
Chidambaram backs IFCI’s rejection of conditional bid
Urges banks to see the merits of consolidation More

Rounding off 2007 with rich valuations
More

RECOMMENDATION
HCL Infosystems: Buy
More

Amtek Auto: Buy
More

Gujarat Apollo Industries: Hold
More

Tata Pure Equity: Invest
Investment can be considered in Tata Pure Equity fund on the back of sustained three and five-year returns. The fund seeks to invest in fundamentally undervalued large-cap companies. But the current portfolio does not appear to hold too ... More

JM Small & Mid-cap Fund: Hold
Investors can retain their holdings in JM Small & Mid-cap fund. Launched in April, the fund has been able to capitalise on the recent re-rating in mid-cap and small-cap stocks. JM Small & Mid-cap has delivered about 60 per cent in the ... More

Ranbaxy Labs: Buy
More

OUTLOOK
Index Outlook
Dalal Street is all set to give a thumping farewell to 2007 that will go down in history as the year of the raging bull market. Every correction in the year has been met with a renewed charge that made the index rise to a new peak; eliciting ... More

Sensex outlook for 2008
It is that time of the year when we take a look at the twists and turns that lie ahead for the Sensex. When we did this exercise last year, our preferred view was that the Sensex would move sideways between 11,000 and 15,400 in 2007. Our outer ... More

Market View
If you compare the P/E for growth available globally, only then can markets like India and China provide strong arguments for growth, which are multiples of what may be achieved in developed economies. Thus can P/E multiples in these markets ... More

  • What’s ahead




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    P-Note blues

    Union Budget 2007-08

    Railway Budget 2007-2008

    Economic Survey 2006-2007

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