MARKETS
INSIGHT
‘Clear sub-prime picture may emerge only next year’
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MUTUAL FUNDS
Fund Talk
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Fund update
Franklin Templeton Investments has launched Franklin Asian Equity Fund, an open-ended diversified fund that seeks to invest primarily in Asian companies/sectors (excluding Japan) with long term potential across market capitalisation ...
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STOCKS
Reliance gains a billion $-lift
Profit from divestment of 4% in RPL equals a quarter’s earnings
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STOCK MARKETS
Reliance
The stock was at the forefront of the recovery that began from Thursday afternoon. Last week’s move suggests that the consolidation that began on October 30 is still in progress. It is not yet clear if this is a terminal corrective ...
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SBI
SBI fell below the near term support at Rs 2,200 last week to record an intra-week low at Rs 2,126. The down-move recorded last week appears to be the C-wave of the correction that began from November 7. As per this count, the medium term ...
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Tata Steel
Tata Steel was relatively unscathed in last week’s sell-off though it spent the week moving in a band between Rs 780 and Rs 900. The second leg of the down-move from the Rs 970 peak is currently in progress. We adhere to the view that ...
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Infosys
Infosys recorded yet another 4 per cent loss last week. The weekly chart of the stock is ominous and the stock appears to be correcting the entire up-move recorded since April 2003. Infosys has already retraced 38 per cent of this move. The ...
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Bharti Airtel
Bharti reversed below Rs 950, in line with our expectation and fell to an intra-week low of Rs 860. The stock is moving in the island formed by the 50- and 200-day moving averages. The momentum indicators in the daily chart suggest that ...
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Satyam Computers
Satyam Computers reversed downwards as indicated in this column last week. But a nascent recovery has started from the support zone around Rs 400. This move can make the stock rally towards Rs 440 again. But a reversal below Rs 425 would be a ...
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Prominent bulk deals on NSE & BSE
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‘Emerging equities are a volatile asset class’
Mr Jonathan Garner, Head of Emerging Markets Strategy of Morgan Stanley, believes that India looks relatively unattractive versus Brazil, Russia, Turkey or Taiwan. He said that Morgan Stanley would be more comfortable with a Sensex P/E of 17-18 ...
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Trader's Corner
Some of the candlestick patterns and their interpretations have been dealt with in the previous columns. Some patterns are formed with just one candlestick (shooting star, doji etc.) while other need two candlesticks (dark cloud cover, ...
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Baskets of X
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Query Corner
I hold the shares of Mercator lines. What is your view on this stock? Can I hold the stock with a one-year perspective? Suresh Kumar YadavMercator Lines (Rs 123.3): This stock has ...
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Bull's Eye
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DERIVATIVES MARKETS
Nifty: Decisive direction soon
Rollover positions at modest 22%
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FOREIGN INSTITUTIONAL INVESTORS
India is hot for global realtors
Mumbai, Nov. 24 Indian realty appears a one-stop destination for global real estate developers if the overseas participation in the recently concluded ‘Cityscape India’ expo here is anything to go by.No less than 50 ...
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RECOMMENDATION
Jyothy Labs (IPO): Invest at cut-off
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Standard Chartered Premier Equity: Hold
Investors can hold on to their units in Standard Chartered Premier Equity. The fund’s return of 95 cent over the last one year has placed it among the top 5 in the 12-month performance chart of diversified funds. While the fund ...
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Saregama India: Hold
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HSBC Midcap Equity: Hold
Investors can retain their units in HSBC Midcap Equity as the fund witnessed improved performance over the past six months. It sticks to its mandate of investing predominantly in mid-cap stocks. In comparison, peers such as Birla Midcap and ...
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Apollo Tyres: Buy
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Dredging Corporation: Book Profits
Investors can use the recent appreciation in the stock of Dredging Corporation of India (DCI) to book profits on part of their holdings. The stock has appreciated 50 per cent since October 2007. At 16 times its trailing twelve-month earnings, ...
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IPOS
Realty emerges top grosser in IPO mop-up
Followed by power generation and telecom
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OUTLOOK
What’s ahead?
Investors can look forward to a volatile week ahead with the expiry of November 2007 derivatives contracts slated for November 29 (Thursday). With available data showing that FIIs remained net sellers to the tune of Rs 4,165 crore (over ...
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Index Outlook
Indian markets gave a timely wake-up call to investors last week; dispelling the dreams of a ‘de-coupled’ Indian stock market soaring blissfully sky-wards even as the rest of the global markets came under the bears’ ...
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