MARKETS
REGULATORY BODIES & RULINGS:
8 of 11 open offers delayed in ’08
Merchant bankers take in their stride the changes in schedules. Mumbai, Aug. 23 The recent delay in the high profile open offer for Ranbaxy shares by Japanese drug major Daiichi Sankyo might appear routine, with the Securities and Exchange ...
STOCK MARKETS:
Action shifts from futures to options
More informed trading, a possible reason. Chennai, Aug. 23 An interesting shift is taking place in the trading pattern in the derivatives segment of the National Stock Exchange (NSE). ...
OUTLOOK:
Index Outlook
It was an irresolute trading week on the Indian bourses. There were no positive triggers to enthuse the market participants. On the other hand, the plethora of negatives that have been analysed thread-bare, do not appear to have the power to ...
RECOMMENDATION:
Dabur India: Buy
A large repertoire of FMCG (fast moving consumer goods) brands, a healthy pace of new launches and ability to manage margins amid volatile input costs make Dabur India a good addition to any long-term investor’s portfolio. ...
INVESTMENTS:
Paving the way for better retirement returns
Imagine domestic investments of Rs 24,000 crore being pumped into the Indian stock market! This would compare well with the investments made by fund-houses and insurance schemes. Where would this money come from? The amount mentioned above ...
STOCK MARKETS:
Tata Steel
This stock was floundering near its long-term support in the zone between Rs 580 and Rs 620. The pattern formed last week appears to be a running correction, which has bearish connotations. ...
STOCK MARKETS:
Reliance Ind
RIL moved in an extremely narrow band between Rs 2,190 and Rs 2,250 last week. Our medium and short-term view for this stock thus remains unaltered. The stock is moving in the island between the long-term averages. RIL has strong medium-term ...
STOCK MARKETS:
SBI
State Bank of India declined to our second near-term support at Rs 1,320 last week. The 50-day moving average line is also poised here. Next support is at Rs 1,245. Short-term investors can hold their long positions as long as this level ...
STOCK MARKETS:
Infosys
Infosys slid gently to the intra-week trough at Rs 1,646 forming a double top in the daily chart. The stock is clearly having trouble moving beyond the resistance at Rs 1,750. ...
STOCK MARKETS:
Reliance Infra
Reliance Infrastructure is halting just above the key support at Rs 940. The presence of the 50-day moving average at this level makes it highly likely that the stock can reverse from here and rally towards Rs 1,052 or Rs 1,108 again. ...
STOCK MARKETS:
Unitech
As explained last week, reversal from this zone will imply that the move from the Rs 135 trough would resume to take the stock towards Rs 191 or Rs 212 again. ...
STOCKS:
Query Corner: What the charts say
What is your view on Essel Propack and Financial Technologies from a six to nine month perspective? ...
MUTUAL FUNDS:
SIPs appear better bet over a longer period
Systematic Investment Plans (SIPs) are being widely advocated by mutual funds as an investment option to weather volatile markets. The last two years have seen ideal market conditions to test out the efficacy of SIPs, given the sharp rise in ...
STOCK MARKETS:
‘First significant time-wise, price-wise market correction’
Hyderabad, Aug. 23 The Indian stock market is a function of the country’s economic growth, return on equity and return on capital employed, said Mr Rakesh Jhunjhunwala, Partner, RARE Enterprises and eminent equity ...
FOREIGN INSTITUTIONAL INVESTORS:
Prominent bulk deals on NSE and BSE
RECOMMENDATION:
Tata Steel: Buy
Investors can consider buying the Tata Steel stock trading at Rs 594, which is a price-earnings multiple of eight times its standalone earnings and about five times its likely consolidated earnings for FY-09 . The company’s integrated ...
RECOMMENDATION:
Elecon Engineering: Hold
Investments can be retained in the stock of Elecon Engineering, an established player in both material handling equipment (MHE) and industrial gears business. At the current market price of Rs 112, the stock trades at about 11 times its likely ...
RECOMMENDATION:
Motherson Sumi: Buy
Investors with a long-term perspective can consider exposure to the Motherson Sumi stock. At the current market price of Rs 80, the stock trades at a price-earnings multiple of about 15 (estimated FY-10 earnings). Though this valuation may ...
MUTUAL FUNDS:
JP Morgan India Alpha Fund — Unique, but has risks
What’s on offer: An interval fund that seeks to generate a reasonable level of absolute returns, irrespsctive of stock market direction. The fund plans to do this through a strategy of making short-term ...
RECOMMENDATION:
Reliance Regular Savings – Equity: Invest
Investors with a high risk appetite can consider investing in Reliance Regular Savings – Equity. With a one-year return of 22 per cent the fund is among the few equity schemes that have generated two-digit returns over the past ...
RECOMMENDATION:
DWS Investment Opportunity Fund: Invest
Investments can be considered in DWS Investment Opportunity Fund based on the fund’s three-year record. The fund’s compounded annualised return of 29 per cent places it comfortably ahead of its benchmark BSE 200 as well as the ...
STOCK MARKETS:
Derivative strategies: Using puts for discount buys
Traders extensively use limit-orders to buy a stock at a discount to the market price. The present market structure does not allow traders to use Good Till Cancelled (GTC) order to buy or sell a stock at a certain price. Everyday, a trader has ...
STOCK MARKETS:
Don’t fall for tips
The world of stocks is no different from that of cricket — every second person you meet will have an “expert” opinion on it! While cricket fans would enjoy such an information extravaganza, investors may just end up confused, ...
STOCK MARKETS:
When to use Calendar Spreads?
Option traders would know that a majority of options expire worthless. And almost always, it is the time value of money that gets blamed for its demise. But is there any way traders can benefit from time value? While most traders resort to ...
STOCK MARKETS:
Tech School: Ascending triangles
Triangles are one of the most frequently occurring continuation patterns. While the symmetric triangle (explained in our previous column) are neutral in their implication and denote that the prevalent trend will continue, there are others that ...
OUTLOOK:
Temporary lull in investment demand
The effect of the fiscal stimulus through various measures may not make a meaningful difference, at least in FY 2009.With growth in GDP set to taper by 125-200 basis points for each of the next two years from the 9 per cent-plus levels in FY ...
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