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Sunday, November 02, 2008
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MARKETS

FOREIGN INSTITUTIONAL INVESTORS: Markets may see easing of selling pressure
Mumbai, Nov. 1 The key rate cuts by the Reserve Bank of India did not come as a surprise to stockbrokers and equity analysts, as this possibility was already discounted in Friday’s trade. However, now that the rate cuts are indeed ...

FINANCIAL MARKETS: You can lead a horse to water...
READING IT WRONG. New Delhi, Nov. 1 Can a business confidence issue be tackled by flooding the system with money? The Government and the Reserve Bank seem to think so. So in the last month or so, the two have decided to pump in upwards of ...

FOREIGN INSTITUTIONAL INVESTORS: Waning retail interest: FIIs now biggest gross buyers in stocks
BL Research Bureau FII selling has been the main trigger for the recent stock market rout. But did you know that retail investor apathy too may have contributed to the ...

OUTLOOK: Index Outlook
Forced smiles gave way to genuine cheer as stock prices zipped upwards to light up the Diwali sky last Tuesday. A consensus seems to be building up across the globe that the selling had been over-done and some respite is in order. ...

RECOMMENDATION: Indian Bank: Buy
Investors can consider accumulating the stock of Indian Bank, as the bank is backed by good fundamentals, robust advances and operating profit growth. The stock trades at a modest valuation, of about one time its September 30 book value and ...

RECOMMENDATION: Titagarh Wagons: Buy
Investments with a two-three year perspective can be considered in Titagarh Wagons (TWL), a leading private sector wagon ...

RECOMMENDATION: HDFC Growth Fund: Hold
Investors can retain their units in HDFC Growth Fund, considering its improving performance picture and ability to contain downside during ...

RECOMMENDATION: Punj Lloyd: Buy
Punj Lloyd’s financial performance over the last two quarters amply demonstrates its ability to weather tough macro-economic conditions. The current trend of softening commodity prices and clear signals on interest rates softening from ...

STOCKS: Query Corner: What the charts say
Kindly advise me on the outlook for Arvind Mills purchased at Rs 35 and Gujarat NRE Coke at Rs 74 for a horizon of 15 ...

IPOS: New retailers: Store rollouts on track
The Indian retail story is much talked about and discussed. With the build-up of mall space in the country, increased spending and resilient demand, retailing promises to be an attractive sector. Major retailers have, therefore, aimed at ...

STOCK MARKETS: Nifty future likely to witness volatile trading
For the first time in many weeks, Indian bourses chose to end on a positive note on Friday. Though the markets began with a negative bias on Monday, short covering and bottom-fishing by market participants helped score gains for the ...

STOCK MARKETS: Market and you
...

FINANCIAL MARKETS: Strategic versus tactical asset allocation
Most investments tend to do well with no apparent science in bull phases. But the science of investing comes to the fore while managing investments either in a bear phase or in times of extreme volatility.Different asset classes may peak ...

STOCK MARKETS: Dividend yield portfolio
In the heady days of the bull market, selecting stocks with a high dividend yield meant picking up businesses with only modest growth prospects. Stocks with a high dividend yield (dividend per share/market price), and funds that ...

COMMENTARY: Diwali spirit lifts market
The week that began on a festive note ended leaving many investors happy. The Sensex, after many weeks of being on the losing side, posted a handsome 12.5 per cent gains during the week. The weekly gain however had its share of ups and ...

STOCKS: Reliance Ind
Reliance Industries tested the long-term trendline at Rs 970 last Monday and rebounded sharply to close the week with 35 per cent gain. The giant engulfing candle in the weekly chart is a positive ...

STOCKS: Maruti Suzuki
MUL could not escape the broad sell-off in the markets last week. It however recovered from our second short-term support at Rs 475 and moved sideways ...

STOCKS: Infosys
Despite the slight wobble on Monday, it recovered from the low at Rs 1,161 and went on to 11 per cent weekly gain. The stock has now moved close to the upper boundary of our short-term range between Rs 1,150 and Rs ...

STOCKS: Tata Steel
Tata Steel declined to our first support at Rs 156 before rebounding last ...

STOCKS: SBI
SBI tested the support at Rs 1,000 briefly, as indicated in our last column, to record an intra-week trough at Rs 991. We reiterate that the Rs 1,000-level is an important long-term support and a significant trough is possible ...

STOCKS: ONGC
The sharp decline last Monday pulled ONGC towards the long-term support at Rs 570 indicated in this column last week. As explained earlier, this is a key long-term support for the stock. The bullish hammer pattern formed in the weekly ...

FOREIGN INSTITUTIONAL INVESTORS: Prominent bulk deals on NSE and BSE
...

STOCKS: Gujarat NRE Coke promoters raise stake
Kolkata, Nov. 1 The promoters of Gujarat NRE Coke Ltd have increased their holding in the company by 4.8 per cent through creeping acquisition route during April-October 2008. Accordingly, the promoters’ stake has increased to over 45 ...

MUTUAL FUNDS: Index funds vs diversified funds — Ways to beat market
The steep decline in the equity market in 2008 has wiped out a large part of investors’ wealth, irrespective of whether they took the direct investment route or went through mutual funds. In a volatile market such as the present ...

RECOMMENDATION: Magnum Multiplier Plus: Hold
The traditional mandate of the diversified equity funds is to remain invested in equities at all times. Those who strictly followed the mandate and remained fully invested over the past year have seen their NAVs lose substantial value. Funds ...

MUTUAL FUNDS: Enhanced Indexing: Active management with less risk
Many investors want to take exposure to stocks that constitute the S&P CNX Nifty, as these stocks would typically lead the market during its upturn. Index funds provide a low-cost exposure to such stocks. The problem, however, is that ...

STOCK MARKETS: Warren Buffett, the sober saviour
Currently, the global financial market is undergoing a turmoil never seen after the Great Depression in the late 1920s. Famous names and outstanding institutions are getting wiped ...

FINANCIAL MARKETS: Bubble explained
If you have been wondering how the bubble works, be it in the economy or the stock market, the story of this tiny island which has only three inhabitants, two Re 1 notes in circulation and a piece of land will help. This is what happened to ...

STOCK MARKETS: Bullish? Set a bull call spread
Option traders can consider setting a bull-call spread on Nifty for the coming ...

MUTUAL FUNDS: Fund Talk
I became a resident Indian five years ago. I am 60 years old. I started investing in mutual funds four years ago to get tax-free income comparable to bank interest. This worked well till January 2008. I did not exit from any fund ...

MUTUAL FUNDS: Update
SBI Mutual Fund has launched SBI Debt Fund Series-90 Days Fund-31, a close-ended debt scheme. The NFO closes on November 3. The minimum investment is Rs 5,000.The fund will not charge any entry load; however, an exit load of 1 ...






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Markets (Oct 31)
Nifty (at close)2885.60(+188.55)
US Dollar (Buy/Sell)49.49/50
Brent crude (a bbl) Rs3,041
Gold (a gram) Rs1,099
Silver (a kg) Rs16,420

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