MARKETS
STOCK MARKETS:
FII equity investments down $18.6 b in first half of 2008-09
Debt securities worth $272 m were bought in April-Sept 2008. Mumbai, March 21 Equity investments by Foreign Institutional Investors stood at $80 billion as on September-end 2008, down by $18.6 billion in the first six months of the current ...
STOCKS:
Testing times for power projects
Stocks of power utility companies have been in the limelight over the past year. Tata Power, NTPC and Neyveli Lignite Corp (NLC) gained 31 per cent, 42 per cent and 60 per cent respectively from their October lows, while the Sensex edged up ...
STOCKS:
Buybacks offer little protection to stock prices
BL Research Bureau While more and more listed companies are taking the buyback route to signal that their stocks are undervalued, buybacks completed over the last six months suggest that the strategy has done little to protect stock prices ...
OUTLOOK:
Index Outlook
The strong rally that made Sensex surge past 8500 in the previous week petered off around 9000. Indian stocks jived to overseas cues in the absence of any market-moving development in the country. The week was marked by inexplicable rallies ...
RECOMMENDATION:
Everest Kanto Cylinder: Buy
Investors with a long-term perspective can consider accumulating the stock of Everest Kanto Cylinder (EKC), on declines linked to the broad markets. Attractive valuations apart, revenue potential from the commencement of the KG Basin gas ...
RECOMMENDATION:
NMDC: Buy
The stock of National Minerals Development Corporation (NMDC) now trading at Rs 150, can be accumy\ulated by long term ...
RECOMMENDATION:
Geodesic: Buy
Investments with a two-year horizon can be made in the stock of Geodesic considering its niche business focussed on instant messaging, and the stock’s attractive valuation. At Rs 64, the stock trades at a throwaway valuation of ...
RECOMMENDATION:
Punj Lloyd: Hold
At a time when a number of established infrastructure companies have reported sedate December quarter numbers, due to the macro economic slowdown, Punj Lloyd’s order flows and revenue growth have remained relatively healthy. But ...
RECOMMENDATION:
HSBC Equity Fund: Invest
Investors seeking exposure to large-cap stocks can consider adding the HSBC Equity Fund to their portfolio. Consistent performance and a track record of having unfailingly outperformed its benchmark over the last five years underscore ...
STOCKS:
Essar group to keep away from listing
Rules out putting up power project in South India. Chennai, March 21 Essar Steel has been delisted. Essar Oil and Essar Shipping and Logistics will soon be. The Essar group, as a matter of policy, will go private and none of the group companies ...
STOCKS:
Query Corner: What the charts say
I hold shares of Jindal Steel and Power bought at Rs 1,300. Please tell me what I should do at this point in time – hold or sell? ...
STOCKS:
Infosys
This stock hovered uneasily around the key resistance at Rs 1,300 last week. As indicated in our last column, Infosys has strong resistance around Rs 1,300 and a downward reversal from here can pull the stock down to Rs 1,220 or Rs ...
STOCKS:
ONGC
ONGC struggled with the resistance at Rs 736 in the first four sessions of the week but the strong rally on Friday has taken it beyond this hurdle. Targets for the move from the March 6 trough are Rs 750 and Rs 818. Since the November peak ...
STOCKS:
Maruti Suzuki
Maruti Suzuki moved sideways with a positive bias between Rs 690 and Rs 735 last ...
STOCKS:
SBI
SBI could not move beyond the resistance at Rs 1,000 and declined from an intra-week peak at Rs 998 ...
STOCKS:
Tata Steel
Tata Steel reversed lower from an intra week peak at Rs 181. As explained last week, there is a short-term resistance band between Rs 184 and Rs 190. If the stock is unable to move past this band next week, it will imply that the near-term ...
STOCKS:
Reliance
Reliance Industries moved past the resistance at Rs 1,300 to record an intra-week peak at Rs ...
MUTUAL FUNDS:
Gold, only to diversify
There are confusing signals regarding gold as an investment option. On the one hand, there are reports which predict a price target of $2,000 an ounce for gold. On the other hand, there is already a feeling that a bubble is building ...
RECOMMENDATION:
DSP Blackrock Tax Saver Fund: Hold
Investors can retain the units of DSPBR Tax Saver Fund (DSPBR Tax), which has a two-year track record, considering the fund’s ability to deliver superior returns during market upswings, but volatile returns during downturns. The ...
STOCK MARKETS:
Nifty future may see downward drift
Nifty future managed to sustain its momentum of last week as it managed to close around the ...
STOCK MARKETS:
Star candlestick patterns
Star patterns in Japanese candlesticks are single-candle formation that look like the twinkling stars that we all are familiar with. Stars have small real bodies and they gap away from the previous candlesticks. In other words, the ...
STOCKS:
How (not) to play a bear market rally
A bear market may not be such a bad thing after all. The now year-old bear market, which got underway in January 2008, has so far been punctuated by four strong (if brief) surges in stock prices. Call them “bear market” rallies ...
Columnists:
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Harish Bijoor
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Ramanujam Sridhar
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S Ramesh Kumar
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Radhika Chada
Comments & Letters to the Editor to: bleditor@thehindu.co.in
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