MARKETS
FINANCIAL SERVICES
Motilal Oswal to invest Rs 10 cr in AMC
The board meeting of Motilal Oswal Financial Services Ltd has, subject to receipt of necessary approvals, if any, approved investment of Rs 10 crore in the share capital of an Asset Management Company to be set up in accordance with the ...
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INVESTMENTS
Fusion investing for optimal gains
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MUTUAL FUNDS
NEW FUND ON THE BLOCK
AIG Infrastructure and Economic Reforms Fund — A diversified theme
Investment Proposition: Increased infrastructure spending undertaken by the Government jointly with the private sector has heightened the prospects for infrastructure companies and sectors that are involved in building ...
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Getting their act together
Equity funds in 2007
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ICICI Pru Services Industries — Construction trebled
ICICI Pru Services Industries is an open-ended equity scheme that seeks to invest in companies belonging to the service industries across various market capitalisation segments. Over the six months ended December 2007, its assets ...
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How equity funds are different from stocks
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Fund Talk
I am a retired professional, aged 58 yrs. I have invested in nearly 27 mutual fund schemes (details of which are enclosed). I have been booking profits one year from the date of investment, and when the NAV appreciated. So far, I ...
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Update
Lotus Mutual has launched Lotus Mid N Small Cap Fund - a three year closed-ended equity scheme. The fund will invest in equity and equity related instruments of mid and small cap companies. Exposure in mid-cap ...
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STOCKS
Prominent bulk deals on NSE and BSE
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STOCK EXCHANGES
BSE enters pact with OMX
The Bombay Stock Exchange (BSE) has entered into an agreement with Europe-based OMX, a technology provider for exchanges, clearing organisations and central securities depositories. OMX will provide BSE the technology for a new trading and ...
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STOCK MARKETS
Nifty future may weaken further
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Query Corner
Kindly give your view on technical outlook for Ind Swift and Simplex Castings. P. K. MurthyInd Swift (Rs 38): Ind Swift Labs is in a long-term down trend since September 2005. The ...
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Endowment effect
One of our friends recently bought shares of Agrotech Foods at Rs 190. He also had several hundreds of them lying in physical form till not so long ago. Our friend sold the shares that he bought recently for small gains. He was willing to sell ...
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Positive trend in RIL
Reliance played the atlas last week; helping to keep the Sensex and the Nifty to stay afloat. The stock moved past the resistance at Rs 3,050 to achieve our first target of Rs 3,114. The break-out last week could be the resumption of the ...
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SBI
State Bank of India did not make any headway in either direction last week. The stock is moving within a broad based channel between Rs 2,200 and Rs 2,500, since November 2007. This move could be succeeded by an upward break-out to Rs ...
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Tata Steel
Tata Steel moved contrary to our expectation last week; recording an 8 per cent weekly loss. The evening star formation in the weekly chart and the move below the 50-day moving average bodes ill for the stock. The stock appears to be charting ...
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Infosys
Infosys moved lower to record a 7 per cent loss last week. The long-term down trend that began from the February 2007 peak continues to be in force. This move can make the stock fall much below the recent trough of Rs 1,511. The minimum ...
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Bharti Airtel
Though it did not slide lower as expected, the movement last week lacks conviction and we adhere to the view that the stock can move lower to Rs 880. But the weekly momentum indicators are turning positive and the fact that Bharti is holding ...
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Satyam Computer
Satyam moved lower along with the rest of the IT pivotals last week. The stock has once more moved close to the long-term support at Rs 400. The stock has been repeatedly battering on this buttress since August 2007. Traders ought to wait for ...
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RECOMMENDATION
Carborundum Universal: Buy
Investors with a two-three year perspective can consider taking exposure to the stock of Carborundum Universal (CUMI), a leading player in the abrasives and industrial ceramics space. Ongoing expansion in capacity, growing focus on ...
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Reliance Power — IPO: Invest
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Future Capital Holdings – IPO: Avoid
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Gitanjali Gems: Buy
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Ansal Housing and Construction: Buy
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SBI Bluechip Fund: Switch
The objective of SBI Bluechip Fund is to invest in a diversified basket of stocks whose market capitalisation is at least equal to or more than the benchmark BSE 100. Despite the trend of large-cap stocks outpacing the mid and small cap ...
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IPOS
Cords Cable IPO opens on Jan 21
Ahmedabad, Jan. 13 The New Delhi-based Cords Cable Industries Ltd, manufacturer of cables for a variety of industries, will enter the capital market next week with an IPO of 30.85 lakh equity shares of Rs 10 each for cash at a price to be ...
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OUTLOOK
Market View
The Fixed Income market is set for some interesting times ahead. Interest rates have been on a rising path for the lost 3 years and look set to soften from the current levels. Bond prices move inversely to interest rates, hence a fall in ...
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Index Outlook
For once, the Sensex scaled a 1000-point peak without any fanfare. Market participants were too preoccupied with the small-cap meltdown to pay much attention to the crossing of the 21000-milestone by the benchmark. The cheers were reserved, ...
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What’s Ahead?
Biggies such as TCS (Jan 16), Reliance (Jan 17), HDFC (Jan 18) and ICICI Bank (Jan 19) are slated to announce their December quarter earnings this week. With a large portion of India Inc declaring numbers, investors should brace up for ...
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ECONOMIC OFFENCES
Positions versus postures
Comment on the SAT order clearing Mathew Easow
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