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FINANCIAL SERVICES
Planning helps to achieve goals
Devinder, aged 35, is married; his wife is a home-maker and he has two children. He stays at the outskirts of Pune with his family. His current net annual income is Rs 4.5 lakh. His son, aged 8, is studying in standard IV and his daughter is ...
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Replicating PMS products for small investors
SEBI recently directed Portfolio Management Services (PMS) firms not to operate pooled accounts. These firms can henceforth offer only separately-managed accounts to their clients. The capital market regulator has also increased the minimum ...
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NEW FUND OFFER
Fund Update
AIG Mutual Fund has announced changes in the load structure for the SIP / STP of its open- ended equity schemes; AIG India Equity Fund, AIG Infrastructure and Economic Reform Fund and AIG World Gold Fund. According to the ...
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MUTUAL FUNDS
US-64 Bonds: Do the holders deserve a bonus?
What a difference five years can make in the world of investments! In June 2003, when investors in the Unit Scheme 64 were allowed to swap their units in the beleaguered mutual fund for bonds, they would have heaved a collective sigh of relief. ...
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Kotak Midcap: Highly diversified
Kotak Mid-Cap is an open-ended equity growth scheme. The fund defines mid-cap stocks as companies with a market capitalisation of Rs 1,340-8,100 crore. The fund’s mandate allows it to invest up to 65 per cent of its assets in mid-cap ...
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Fund Talk
I am 62 years old and retired. I have invested in mutual funds at different times over the last year and a half, taking advantage of market corrections. I will remain invested for 5-7 years. I have other sources of income. Some of ...
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STOCK MARKETS
Query Corner
I hold Suzlon Energy bought at Rs 300 and Godrej Industries purchased at Rs 277. Please tell the support and resistance levels these stocks. Prasanjit Suzlon Energy (Rs 296.2): ...
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Markets up for a volatile week
As far as stock markets are concerned, we are back to square one. After witnessing a sharp and rather convincing rally the previous week, our bourses have given away most of those gains over last week. Nifty futures weakened by four per cent ...
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Reliance
Reliance Industries failed to build on the strength displayed in the previous week and reversed from an intra-week peak at Rs 2,675. The stock is in the process of forming a triple top pattern on the daily charts that precedes a short-term ...
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SBI
The feeble attempts to stabilise itself above Rs 1,600 could not last and SBI has closed the week below the psychological Rs 1,600 mark. The 14-week relative strength index at 40 implies that the medium-term down trend can intensify further. ...
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Tata Steel
Tata Steel halted after recording an intra week peak at Rs 925. Despite the weakness towards the end of the week, the short-term outlook stays positive for the stock. The near-term target stays at Rs 950. However, fresh longs should be ...
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Infosys
Infosys moved sideways in a narrow range between Rs 1,820 and Rs 1,920 last week. But the medium-term up trend that is in motion since the trough formed in March is still going strong. This up trend will be threatened only on a firm ...
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Unitech
It was a disappointing show by Unitech last week; moving lower to penetrate our short-term support at Rs 270. This move suggests that the third minor of the short-term down move from the Rs 338 peak is currently unfolding. This wave can take ...
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Reliance Infra
This stock turned distinctly weak last week and closed with 11 per cent loss. If this move is the resumption of the down-move from Rs 1,575 peak, Reliance Infrastructure can slide lower towards Rs 1,137 shortly. However, fresh shorts are ...
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Tech School
We had discussed some of the basic technical analysis tools in our previous lessons such as up trendline, down trendline, support and resistance. The moving average gives buy and sell signal at the apt juncture that can be used by traders and ...
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Prominent bulk deals on NSE & BSE
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FOREIGN INSTITUTIONAL INVESTORS
How FIIs dealt with their portfolios in Q1
Do you take cues from foreign institutional investors (FII) to make your stock choices? If you do, you are probably breathless from trying to keep pace with their flighty movements in the last two quarters. First, FIIs pumped in close to $6 ...
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Providence calls
The US-based Providence Equity Partners has invested $640 million (Rs 2,750 crore) for 20 per cent stake in Idea Cellular’s arm Aditya Birla Telecom, which owns a licence for Bihar circle and holds 16 per cent stake in Indus Towers. ...
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RECOMMENDATION
Entertainment Network (India): Buy
Investors with a long-term perspective can buy the stock of Entertainment Network India (ENIL), which operates the radio channel, Radio Mirchi 98.3 FM. Within the media sector, radio is poised to record the fastest growth in advertising ...
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Geodesic Information System: Buy
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Bharat Forge: Hold
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Bafna Pharmaceuticals: Avoid
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Magnum Comma Fund: Invest
Indian investors looking to profit from the upward spiral in commodity prices do not have access to a domestic commodity index or exchange traded funds that allow them to own a basket of commodities. Nor do diversified funds, in the Indian ...
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Niraj Cement Structurals: Avoid
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HSBC Advantage India Fund: Hold
Investors can retain the units of HSBC Advantage India Fund considering its improving performance vis-À-vis its benchmark BSE-200 and the dominance of blue-chip large-cap stocks in its portfolio. The portfolio comprises ...
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OUTLOOK
Index Outlook
It was the menacing threesome – crude prices, inflation and interest rates, that spooked the markets once again last week and sent the Sensex reeling back toward 16500. The incredible re-listings provided the rare distraction in an ...
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What’s ahead?
The stock market is likely to be volatile with expiry of May 2008 futures and options series on Thursday, May 29. Asian indices will be geared to interpret a plethora economic data coming from respective governments this week. Indian ...
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ECONOMIC OFFENCES
IPO scam: Did SEBI err in not going after financiers of bogus applications?
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INVESTOR PROTECTION
BSE cautions investors trading in penny stocks
Mumbai, May 24 The Bombay Stock Exchange has cautioned investors against dealing in Z category scrips without performing due diligence on them, in the light of the unrealistic price rise recorded by KGN Industries and Sylph Technologies last ...
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