Business Daily from THE HINDU group of publications
Sunday, October 07, 2007
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Markets (Oct. 5)
BSE Sensex17773.36 (-3.79)
S&P CNX Nifty5185.85 (-22.80)
US Dollar39.53 (+0.01)


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FINANCIAL SERVICES
Why should I charge customers every time they trade?
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INVESTMENTS
Ways to gild your portfolio
Stocks and real estate make up the lion’s share of your portfolio and you are worried about both stock and property prices melting down at the same time. If that’s your worry, gold may be an ideal addition to your portfolio, as it ... More

‘Gold prices will gain further momentum’
Investing in gold mining companies as against buying gold bullion gives the investor an opportunity to benefit from the growth potential of equities as well as the strong fundamentals of gold. There is a multiplier effect on the profitability of gold mining companies with rise in gold prices. More

MUTUAL FUNDS
JM Fin buys stake in XL Telecom
JM Financial Mutual Fund has acquired 8,00,000 equity shares of XL Telecom & Energy Ltd from open market purchase that amounts to about 5.52 per cent of the company’s equity, XL Telecom in a statement to the BSE.— Our ... More

Magnum Multicap Fund — Selective play in auto, IT
Magnum Multicap Fund is an open-ended equity scheme that seeks to invest in a diversified basket of stocks across various market capitalisation segments. Its present portfolio, however, predominantly consists of large-cap stocks with about ... More

Fund Talk
I am 45 years and have two daughters who are studying. I have been investing in mutual funds through SIPs for the last two years. I want to continue to invest in low risk and high return funds. Kindly advise me as to which funds I ... More

Update
DSPML Mutual Fund has revised the exit load for its DSPML Technology.com Fund, DSPML World Gold Fund, and regular plan of DSPML Equity Fund, DSPML Top 100 Equity, DSPML TIGER and DSPML Small and Midcap Fund for investments on a ... More

STOCKS
Majority stocks in Nifty Midcap witness rise in volume
Mumbai, Oct. 6 More than two-thirds of the recently launched Nifty Midcap 50 stocks have shown a rise in volume. Analysts attribute the rise to the possibility of foreign institutional investor interest in them. “The inclusion of these ... More

Differing perceptions in steel stock investments
FIIs raise stake while retail investors shed holdings More

The brick and mortar of realty stocks
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What’s Ahead
Strong US jobs data, which came in after markets closed on last Friday, may lift stock market sentiment on Monday. Significantly, the original provisional data that showed a net loss of 4,000 jobs in August has been revised to a net ... More

STOCK MARKETS
Query Corner
I hold shares of Reliance Energy at an average cost of Rs 475 share. Should I continue to hold these shares or book profits? P. Bhola, Hari KishanReliance Energy (Rs ... More

SMART MESSAGE
Contrarian investing
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Reliance
Reliance kept up the momentum; recording yet another 8 per cent gain for the week. Our medium term target of Rs 2,485 has already been achieved. If we project the outermost target for the third wave from the Rs 1,262 trough, it would fall at ... More

SBI
Though SBI achieved our short-term targets, the stock struggled to get past the psychological resistance at Rs 2,000. The short-term trend is down in the stock but the medium term trend continues to be positive. Wave counts suggest that ... More

Tata Steel
Tata Steel spent the week in a sedate sideways movement, fluctuating between Rs 830 and Rs 870 for most part. Though negative divergences are apparent in the daily momentum charts, we consider this move as a pause before the stock moves higher ... More

Infosys
Infosys spurted strongly on Wednesday. The stock is now testing the medium term trend deciding band indicated last week. The presence of the long-term 200-day moving average in this zone makes it very important hurdle from a long-term ... More

Bharti Airtel
Bharti Airtel followed our script precisely last week, first dipping to Rs 900 level and then rallying past Rs 1,000. The stock is poised close to our medium term target of Rs 1,034. Since a five-wave move from the Rs 750 trough is nearing ... More

Satyam Comp
Satyam moved sideways between Rs 435 and Rs 460 last week. Low volumes indicate lack of trading interest in this stock. Our view on the stock stays unaltered. Fresh longs should be initiated only if the stock moves past Rs 470. However, the ... More

Trader's Corner
Mechanical trading style is suitable for novice traders who do not have the experience-bank to delve into during a crisis. This style uses empirical data and concrete facts to trade. At the other end of the spectrum is, trading with intuition. ... More

Prominent bulk deals on NSE & BSE
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RECOMMENDATION
TCS: Buy
Good strategic positioning of business units, integrated play and strong levers to optimise costs, make TCS an attractive investment. More

Prajay Engineers Syndicate: BUY
Investors with a 2-3 year perspective can consider buying the stock of Prajay Engineers Syndicate. Land holdings acquired at low cost and projects in hand that could translate into higher revenues, superior return on equity and attractive ... More

Birla Midcap Fund: Invest
Investments can be considered in Birla Midcap Fund as it sports a sound three-year track record. The fund’s performance has been consistent, outpacing its benchmark CNX Midcap on monthly rolling return basis close to 75 per cent of the ... More

Gujarat State Petronet: Buy
The company is well positioned in a market that is set to see a big increase in gas transportation volumes. More

Action Construction Equipment: Buy
An expanding product portfolio, backed by a competitive pricing strategy, is likely to help ACE scale up revenues. More

ABN AMRO Opportunities: Hold
Unitholders can retain ABN AMRO Opportunities, in light of its strong performance since its launch in April 2005. Over the past year, the fund has delivered a return of close to 60 per cent, beating its benchmark, the BSE 200, by an impressive ... More

Sona Koyo Steering: Hold
Though near-term prospects are muted, the company’s market leadership position and superior product mix hold promise. More

IPOS
Real-estate pre-launches come under Ministry scrutiny
More

OUTLOOK
Index Outlook
Wednesday’s session was reminiscent of the frenzied days in the first quarter of 1992, when the entire financial community was engulfed by a feeling of euphoria. On this occasion, though the voice of reason prevailed towards the weekend, ... More

Market View
Post the Federal Reserve decision to cut the Fed Funds rate by 50 basis points to support liquidity and bolster the economy mid week we saw markets rally. This rally was accentuated in emerging markets as the risk trade was again reignited. ... More






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