Business Daily from THE HINDU group of publications
Sunday, June 08, 2008
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Markets (June 6)
BSE Sensex15572.18 (-197.54)
S&P CNX Nifty4627.80 (-49.15)
US Dollar42.68 (-0.22)


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MARKETS

NEW FUND OFFER
Milestone rolls out third realty fund
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Fund update
Top-U plan: For the first time in India, systematic investment plan with a feature of a “Top-Up” in the mutual fund industry has been announced by ICICI Prudential Asset Management Company. This feature allows the ... More

MUTUAL FUNDS
Diversification not a defensive measure
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DSPML Equity Fund: Defensive moves
DSPML Equity Fund is a diversified fund with a large cap (greater than Rs 7,500-crore) bias, but mid- and small-cap stocks do account for over 33 per cent of the portfolio, going by the fund’s April fact-sheet. The fund has been in ... More

STOCKS
Divi’s Labs annual net surges 87% on higher sales
Hyderabad, June 7 Active Pharmaceutical Ingredients (APIs) and intermediaries manufacturer Divi’s Laboratories Ltd’s net profit decreased by 5 per cent to Rs 94.37 crore in the fourth quarter ended March 31, 2008 compared with Rs ... More

Query corner
Kindly give your outlook for Tata Sponge purchased at Rs 300 and Motilal Oswal Financial purchased at Rs 800. MurthyTata Sponge (Rs 253): This stock has been correcting since the ... More

Reliance Industries
Reliance Industries moved below the key short-term support at Rs 2,340 on Wednesday. But if the stock is charting the third leg of the long-term down move from Rs 3,252-peak, the targets are Rs 2,006 and then Rs 1,574. If we consider Fibonacci ... More

SBI
SBI continued its harrowing fall to achieve our medium-term target at Rs 1,337 last week. The intra week low was Rs 1,293 and the next target of the third leg down from January peak is Rs 1,058. The stock is currently testing the long-term ... More

Tata Steel
Tata Steel could not ward off the selling pressure any longer and recorded a weekly decline of 9 per cent, in line with our expectation. The evening star pattern in the weekly chart and the weakness in the daily momentum indicators imply a ... More

Infosys Technologies
This stock achieved our short-term target at Rs 2,010 and then stayed in a volatile range between Rs 1,850 and Rs 2,000. The near-term outlook for the stock stays positive as long as it holds above Rs 1,900. But a sideways move between Rs ... More

Unitech
Unitech tumbled 9 per cent lower last week and is currently poised at the key long-term support at Rs 200. As mentioned last week, decline below this level can pull the stock towards Rs 160 that was the trough formed in April 2007.The ... More

Reliance Infra
The stock did test the support at Rs 1,100 as indicated last week to record an intra week trough at Rs 1,013. We can give the stock a couple of sessions more to reverse higher. If it chugs below Rs 1,000 this week then the next ... More

FINANCIAL MARKETS
THE HOW-TO-GUIDE
How good is your investment?
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STOCK MARKETS
TOP OF THE MIND
Bubble babble
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In a volatile market, stay in cash as much as possible
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Tech School
In our earlier Tech School, we had discussed various types of moving averages. While selecting the moving average for your analysis, it is always best to keep it as simple as possible. Hence the obvious choice is the Simple Moving Average ... More

DERIVATIVES MARKETS
Optimal trade set-ups:Lowering risk capital, furthering gains
Traders have suffered large losses this year because of what technical analysts call “whipsaws”. A whipsaw is a price movement where the stock or the index goes up or down and then reverses direction. Such whipsaws make it ... More

RECOMMENDATION
Punj Lloyd: Buy
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Carborundum Universal: Buy
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Prism Cement: Buy
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Britannia Industries: Buy
Investors with a two-year horizon, seeking a defensive option, can consider buying the Britannia Industries stock. Growth rates in food/snack categories within FMCGs have surged over the past year, suggesting that these under-penetrated ... More

Sundaram BNP Leadership Fund: Hold
Investors can retain their holdings in Sundaram BNP Paribas India Leadership Fund. The fund has outpaced the Nifty in four of the past five years (barring 2006-07). Since its launch in 2004, the fund has generated a compounded annual return of ... More

IDFC Premier Equity: Invest
Investors with a high-risk appetite can consider adding IDFC Premier Equity (formerly Standard Chartered Premier Equity) to their portfolios. The fund invests in small and medium-sized businesses in emerging segments or markets. This gives the ... More

First Winner Industries: Avoid
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IPOS
Do big returns in small IPOs sustain?
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OUTLOOK
Why equities may strike back
Predictions for Dow More

Index Outlook
Markets were nervous in the first half of the week as the Government announced ad-hoc measures to deal with the woes of the oil marketing companies. Just as the bargain hunters had convinced themselves that the worst was over, inflation ... More

What’s ahead
A 5 per cent cut for the previous week notwithstanding, the benchmark Sensex is expected to be under pressure as domestic markets could weak global sentiments. The mood may depend on how Asian markets react to the US job losses data announced ... More






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Divi’s Labs annual net surges 87% on higher sales

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