The Hindu Business Line : Sunday, July 06, 2008

Fund Update
Bharti AXA Investment Managers has launched a ‘Liquid’ Fund. The minimum investment is Rs 5,000 for the retail plan and Rs 1 crore for the institution plan. The NFO closes on July 14.Bharti AXA ... More

STOCKS
Reliance
RIL failed to move past Rs 2,250 last week and declined to an intra-week low at Rs 1,991 instead. This stock has completed a five-wave move from the Rs 2,706 peak. We consider the current sideways move between Rs 2,000 and Rs 2,250 as a ... More

SBI
This stock recorded a trough at Rs 1,007 on Tuesday and a short-term up trend is currently under way. As explained earlier, the Rs 1000-level is a key long-term support and the stock could attempt to stabilise around this level. If this level ... More

Tata Steel
Tata Steel reversed from an intra-week peak at Rs 750 and declined to Rs 626 by Friday. Since the long-term trend-line is positioned at Rs 600 and the 38.2 per cent retracement of the bull phase from 2001 also occurs here, this is a key ... More

Infosys
This stock continued to be an out-performer and moved in a narrow range in a week when most other stocks were slipping and sliding. We stay with the view that the medium-term view for the stock stays positive as long as the Rs ... More

Unitech
Unitech underwent an extremely volatile trading week as both the bulls and the bears fought for supremacy around the key support band between Rs 150 and Rs 160. A long-term trough is possible at this juncture. However, it would be best ... More

Reliance Infra
Reliance Infrastructure recorded a 13 per cent decline last week and achieved our medium-term target at Rs 660. The stock has been attempting to stabilise itself around this support over the last three trading sessions. However, a firm ... More

FINANCIAL MARKETS
FIRST LESSONS
Risks to look out for
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Target-date Funds: Protecting your pre-retirement lifestyle?
The sharp decline in asset prices since January 2008 has badly affected one class of investors — the retirees. Those who did not plan their retirement portfolio well may live to regret it; for the asset price decline could affect ... More

STOCK MARKETS
Indian market sheds more value than other emerging ones
Erosion steeper than the fall in bellwether stocks in 2008 More

Query Corner
I hold shares of Reliance Capital. Please let me know the future prospects of this stock. Himanshu ShahReliance Capital (Rs 993): In our previous review of Reliance Capital in March, ... More

TOP OF THE MIND
The whys of market fall
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Tech School
Reversal patterns are invaluable in identifying an imminent trend reversal in the charts. Here are a few common introductory points for all reversal patterns:First, for any reversal to take place there should be a prior trend. For head and ... More

Prominent bulk deals on NSE & BSE
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ASSET MANAGEMENT COMPANIES
Taurus to launch portfolio management scheme
Taurus Asset Management Co Ltd plans to launch a portfolio management scheme later this month, its Chief Executive, Mr Waqar Naqvi, has said.“We already have a license for the scheme. We will start in a small way with Rs 10-15 ... More

RECOMMENDATION
Prime Focus: Buy
With a strong presence in the niche area of post-production services for films, a unique cross-border business model and a good pipeline of film projects, Prime Focus is a preferred pick within the media sector. A substantial correction in ... More

TCS: Buy
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Marico Industries: Buy
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Crompton Greaves: Buy
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Dishman Pharma: Buy
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IDFC Imperial Equity: Hold
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ICICI Pru Dynamic: Invest
Investments can be considered in ICICI Pru Dynamic Fund given the fund’s performance over the three and five-year period. Over the same time-frame, the fund has generated an annualised return of 29 per cent and 37 per cent, ... More

OUTLOOK
Sensex long-term outlook review
We had expected the four-year long bull-phase to terminate in the first quarter of 2008 in our long-term outlook at the beginning of this year. Our outermost target for the Sensex for 2008 was at 13700. Now that this level has been ... More

Index Outlook
It was week of high drama on the Indian bourses. The markets initially appeared to be plunging in to a bottomless pit. But the 700-points recovery on Wednesday brought the spring back to the step of the drooping bulls only to see their hopes ... More

What’s melting the market...
...and the factors that could turn the tide More

Macroeconomic scene laced with challenges
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