MARKETS
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TOP OF MIND
Trying to score off rumour, news
“Buy low sell high”…that is the common refrain of those trading in the markets. But there is also “buy on rumour, sell on news” especially when there is news relating to mergers and acquisitions of listed ...
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INVESTMENTS
Employing asset allocation strategies for optimal gains
Asset allocation is an integral part of the portfolio management process. In a plain-vanilla portfolio, this strategy refers to allocating assets between stocks and bonds. In a somewhat complex portfolio, the strategy includes ...
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NEW FUND OFFER
Lotus India Banking Fund: Banking on valuations
With the CNX Bank Index down 40 per cent from its January levels, bank stocks have been among the worst performers in the recent market rout. Does this make it a good time to launch an equity fund that focuses on the banking sector? Lotus ...
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Mirae plans overseas equity fund
Mirae Asset Mutual Fund has filed an offer document with SEBI for an equity oriented fund that will invest in equities of leading companies having their primary activity in Brazil, Russia or China. The proposed fund will invest 65-100 per cent in ...
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DIVIDEND ANNOUNCEMENT
Fund Update
Franklin Templeton Investments has declared a dividend of 60 per cent under Franklin India Prima Fund. The record date is June 18. ABN AMRO Mutual Fund has announced following changes with effect from ...
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MUTUAL FUNDS
SBI Bluechip: Financial services top
SBI Bluechip Fund started on a bright note two years back ago but appears to have lost momentum in between. The fund collected Rs 3,000 crore during the NFO and, according to the latest fact sheet the assets under management are Rs 1,132 ...
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Should I invest globally?
I wish to streamline my investments in mutual funds. I have a time horizon of 3-5 years and return expectation of around 30 per cent annually. I have investments in DSPML: Equity, T.I.G.E.R.; Fidelity Equity, Franklin India ...
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STOCKS
FMCG, tech stocks turn ‘safer’ bet for investors
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STOCK EXCHANGES
Sterlite, Tata Power to figure in Sensex from July 28
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FINANCIAL MARKETS
How high net-worth individuals diversify risk
Managing money for high net-worth individuals is a complex task that needs access to various resources, asset classes and constant monitoring. As wealth increases, the needs evolve; from plain vanilla reactive investment strategies to ...
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STOCK MARKETS
IPO mop-up lacklustre in May at Rs 300 cr
‘Mobilisation higher than April but no rebound in sight’
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Profiting from open interest
Call it wishful thinking, but how would it have been if you had known a day before that a particular company’s shares would go up the following day? Obviously great. But, sadly such premonitions are unheard of, at least in the world of ...
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Nifty future may gain on short-covering
Though the week began with a sharp fall in Nifty future, stability came in thereafter. On a weekly basis, Nifty future lost only about 2.7 per cent and ended at 4484 points. However, the discount between future and spot Nifty has ...
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Query Corner
I had bought shares of ICSA at Rs 308 in October 2007. Kindly advise the long-term target price for this share. Nirnimesh BhansaliICSA India (Rs 395.0): This stock recorded a ...
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Reliance
Reliance Industries reversed from the trough at Rs 2,112 last Monday and resolutely marched higher, thus helping to support the rest of the market. The stock is halting at the apt juncture and if this low sustains, it can move higher as the ...
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SBI
The decline in SBI did not get any deeper last week and the stock pulled itself higher from the intra-week trough at Rs 1,252. As explained last week, the stock is hovering just above its long-term trend line at Rs 1,300. A ...
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Tata Steel
The sharp decline in Tata Steel on Monday was arrested at Rs 750, in line with our expectation. The stock can move in a range between Rs 780 and Rs 925 over the next few sessions. As explained earlier, the medium-term outlook will turn ...
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Infosys
Infosys declined to the lower boundary of the expected trading range, at Rs 1,850 last week. The stock will face resistance at Rs 1,937 and then Rs 2,020 next week. Failure to move beyond the first resistance would be a cue for ...
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Unitech
Unitech moved conclusively below the key long-term support at Rs 200 last week. Needless to add, that the long-term view has now turned negative. The 14-month relative strength index is at 45 and the monthly MACD oscillator is signalling a ...
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Reliance Infra
Reliance Infrastructure clung to the support at Rs 1,000 last week. The close below the April trough at Rs 1,140 implies that the long-term trend is down in the stock. The third leg of the down-trend from the January peak can drag the stock ...
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Tech School
Many chartists use multiple moving averages and use the cross-over of these averages to generate or to confirm buy and sell signals, which we had discussed in our previous Tech School. Moving averages (MA) can be used to identify the ...
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Prominent bulk deals on NSE & BSE
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EVENTS
Investment marathon
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RECOMMENDATION
BGR Energy Systems: Buy
Investors with a three-year perspective can consider investing in the stock of BGR Energy Systems. The recent results posted by the company and the strong growth in order book belie fears of a slow down in the engineering services ...
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Tata Elxsi: Buy
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Kaveri Seed Company: Buy
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Archidply Industries: Invest at cut-off
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Templeton India Growth: Invest
Conservative investors can add Templeton India Growth Fund to their portfolios. The fund, which focuses on picking “value” stocks, has a more than ten-year track record in fund management — a record marred by substantial ...
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Lotus Eye Care Hospital: Invest at cut-off
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OUTLOOK
Index Outlook
Indian markets displayed remarkable resilience last week and fought back bravely from lower levels despite the cacophony of voices on inflation, crude oil, interest rates, corporate earnings, FII inflows and so on. The Sensex closed the week ...
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IT services: Vertical advantage
If you had bought the shares of the top five IT services companies on January 22 this year, you would have been richer by 23-63 per cent by now, while the Sensex has gone nowhere. This in contrast to their being on the sidelines when the ...
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Media: The plot thickens
Media stocks have taken a battering in recent months, shedding 50-60 per cent of their values from the January peak. High valuations and concerns on the execution front appear to have driven the sell-off in this segment. The ...
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Capital goods: Challenging times are up ahead
Capital goods, as a sector, suffered a severe de-rating in the recent correction. While weak investor sentiment was also a factor, the decline was primarily driven by the expected moderation in the growth of capital goods companies, linked to ...
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Pharma: A booster dose
The ongoing deep correction has been less harsh on large-cap pharma stocks. While the benchmark Sensex has shed over 30 per cent from its highs of early January, select stocks such as Ranbaxy, Sun Pharma, Glenmark and Lupin have ...
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FMCGs: Resilient margins
The FMCG sector has been among the more resilient ones in the recent market meltdown, with the BSE FMCG index losing only 2 per cent so far this year. Though market fancy for FMCGs has been driven partly by its “defensive” ...
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Market View
Even if GDP growth slows, as it will, in FY09, by about one percentage point or a tad more, the outcome may not be a major negative from an economic perspective; This lower rate is going to be a high base created by average GDP growth of about ...
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What’s Ahead
The market is likely to track global markets in the week ahead. Macroeconomic indicators such as domestic industrial output growth at 8.1 per cent in 2007-08 (April-March) compared with a much higher 11.6 per cent growth in 2006-07 as well as ...
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TRENDS
Bobbing along on a roller-coaster
have weathered the choppy market well; but if media or capital goods were yourchoices, your portfolio would still bear thescars of the meltdown. The recent correctioncannot be attributed entirely to "globalcues" either. Inflation, rising ...
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