MARKETS
INVESTMENT BANKING
I-T Dept moves SC in Morgan Stanley case
New Delhi, Oct. 27 The Income-Tax Department has moved the Supreme Court seeking the review of its judgment in the Morgan Stanley’s captive business process outsourcing case. In its review petition, filed recently, the ...
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INVESTMENTS
SMART MESSAGE
Avoid over-diversification
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ING Vysya Bank aims high in wealth management
Eyes $1.5 b assets of high networth individuals
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Chasing index returns
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DIVIDEND ANNOUNCEMENT
Update
Lotus India Asset Management Company has launched an open-ended equity scheme Lotus AGILE (Alpha Generated from Industry Leaders Fund), a quant-based mutual fund scheme.The investment objective of the scheme is to ...
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MUTUAL FUNDS
Taurus Starshare and UTI Infrastructure Heavy on capital goods
The equity market is moving in highly volatile phases since the news on P-notes started to hit the headlines. The sectors and stocks that surged sharply in the past few months underwent huge intra-day swings. Compared to the previous weeks, a ...
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Fund Talk
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STOCK MARKETS
Query Corner
I have purchased HCL Infosystem at Rs 238. Please give me the short term and long term outlook for this stock. Shankaran .P.S. HCL Infosystems (Rs 230.1): HCL Infosystem has been ...
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Reliance Industries
The stock of Reliance Industries underwent a bout of volatility after registering a new life high at Rs 2,805. The stock fell to Rs 2,278 on October 17; a hair’s breadth away from our medium term trend deciding level of Rs 2,260. ...
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SBI
SBI moved lower as we had anticipated in our last column, but the stock fell way below our target to Rs 1,601. The magnitude of the fall leads us to assume that the move from the March trough ended on October 1. But a fresh impulse wave has ...
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Tata Steel
Tata Steel moved in line with our expectation last week; first plunging to a low of Rs 785 and then recovering to move beyond Rs 900. The fourth wave of the move that commenced from the March trough of Rs 400 appears to have been completed in ...
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Infosys
Infosys moved closer to the lower boundary of the medium term trading band between Rs 1,700 and Rs 2,000 that we had defined for the stock. The trend in the stock has been extremely weak over the last fortnight; moving below both the 50- and ...
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Bharti Airtel
We had expected a quiet consolidation phase between Rs 1,050 and Rs 1,150 in our previous column. But the stock has already tested the Rs 900 level in the current correction. However, our medium term outlook for the stock stays positive and we ...
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Satyam Computers
Satyam whipsawed blindly between Rs 400 and Rs 500 in the last fortnight keeping everyone guessing. There is an important resistance band between Rs 480 and Rs 500 for the stock. The intermediate term outlook for this stock will turn ...
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Locking in gains using OPTIONS Strategies to hedge equity risk
Dabbling in derivatives can be very risky. However, when used for hedging, the same instruments help reduce the risk an investor bears when stock prices fall. Investors of all descriptions, with the help of options, can hedge their equity ...
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Prominent bulk deals on NSE & BSE
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Trader's Corner
Do charts with the bullish three white soldiers and bullish engulfing candlestick pattern suggest that they should be bought? Dr K.K. ChandramohanBasically, there are four types of chart constructions; ...
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What’s ahead
With SEBI putting the touchy ‘participatory notes’ issue to rest, this week the spotlight is once again on macroeconomic events that might dictate the market mood. An important event next week is Mid-Term Review of Annual ...
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DERIVATIVES MARKETS
Consider going short on Nifty future
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FOREIGN INSTITUTIONAL INVESTORS
P-note regulations and after
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No backdoor entry to Street party, please!
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RECOMMENDATION
Religare Enterprises: Invest at cut-off
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Lupin: Buy
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Sasken: Hold
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Shanthi Gears: Buy
Fresh investments with a one to two-year perspective can be considered in the stock of Shanthi Gears, a leading manufacturer of industrial gears. Buoyant demand trends from user industries, improving product and revenue mix combined with a ...
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Amara Raja: Hold
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Sundaram BNP Paribas Select Focus: Invest
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Birla Sun Life Tax Relief 96: Invest
Investment can be considered in Birla Sun Life Tax Relief 96, an open-ended, equity-linked tax saving fund. The fund’s performance has picked up over the past two years after trailing the category average for a while. The fund, ...
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IPOS
Mundra Port IPO band at Rs 400-440
Ahmedabad, Nov. 27 Mundra Port and SEZ Ltd on Saturday announced its initial public offering seeking to raise up to Rs 1,771 crore for development of its infrastructural facilities at Mundra and Dahej.The issue will open on November 1 ...
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OUTLOOK
Index Outlook
Strong quarterly earnings and short-covering ahead of the expiry of the October derivative contracts played a significant role in the 9 per cent surge in the Sensex last week. The ease with which the Indian equity markets have discounted the ...
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