Business Daily from THE HINDU group of publications
Sunday, March 16, 2008
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Markets (March 14)
BSE Sensex15760.52 (+403.17)
S&P CNX Nifty4745.80 (+122.20)
US Dollar40.41 (-0.07)


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MARKETS

FINANCIAL SERVICES
HOW-TO-GUIDE
How to open a demat account
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INVESTMENTS
Investment Nuggets
Michael Steinhardt was a prominent hedge fund manager of the 1970s. There were few investment instruments over which he did not wield mastery. He formed a hedge fund company along with Howard Berkowitz and Jerrold Fine. Under ... More

INSIGHT
Is a buy-and-hold strategy optimal?
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TRACKING FUND FLOWS
Asian markets jittery as all eyes on upcoming Fed meet
So far 2008 has turned out to be a lacklustre year for equities. The global meltdown has wiped off $3.3 trillion of global investor wealth this year, with Pakistan being the lone stock market to stand tall. Emerging markets have suffered from ... More

MUTUAL FUNDS
MF assets to touch $440 billion by 2012
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STOCKS
Reliance
RIL moved within a very narrow band last week. The near-term outlook for the stock stays negative since it is moving just below its long-term 200 day moving average. The stock is also hovering below the long-term trend line drawn from the 2005 ... More

SBI
State Bank of India moved below the lower boundary of its medium-term range at Rs 1,800 last week. The medium-term outlook has now turned negative and the stock is expected to slide down towards Rs 1,600 and then Rs 1,450 over the medium-term. ... More

Tata Steel
The ceiling at Rs 850 once again thwarted Tata Steel’s attempts at recovery last week. The reversal from the intra week high at Rs 838 could be the beginning of the third leg of the sell-off that began from the January peak at Rs 952. ... More

Infosys
Infosys slid past the near term support at Rs 1,400 last Wednesday. The immediate target for the stock is the January 22 trough at Rs 1,212 and below that the stock could seek the support at Rs 1,122. The preferred scenario for Infosys for the ... More

Bharti Airtel
This stock made a feeble attempt to move higher last week, but the rally was arrested below our second resistance at Rs 830 reaffirming the negative medium-term outlook for the stock. If the support at Rs 700 is breached, Bharti could decline ... More

Satyam Computers
Satyam Computers registered a 10 per cent loss last week and the near-term outlook has now turned explicitly negative due to the fall below Rs 400 on Wednesday. The weekly momentum indicators are moving sideways over the past year indicating ... More

FINANCIAL MARKETS
Bill to amend benami transactions Act on cards
New Delhi, March 15 The Government is preparing a draft Bill and a Cabinet note to bring amendments to the Benami Transaction (Prohibition) Act 1988. This was stated by Mr S.S. Palanimanickam, Minister of State for Finance, in a written reply ... More

STOCK MARKETS
Cues from the market decline
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Trader's Corner
One of the technical patterns that is most likely to send a thrill of anticipation in dealing rooms is the double bottom pattern since these portend a reversal of a prolonged down trend and a sound entry level for traders. The security ... More

RECOMMENDATION
Query Corner
Please advise me on Power Finance Corporation purchased at Rs 245. Subur Basha Shaikh. Power Finance Corporation (Rs 150.8): When we had reviewed the stock in June 2007, we had ... More

BHEL: Buy
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Orchid Chemicals & Pharmaceuticals: Buy
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Colgate Palmolive India: Buy
Investors can use recent market declines to add the Colgate Palmolive India stock to their portfolio. Strong rural offtake for FMCG products and Colgate’s expanding market shares in oral care suggest that the company could sustain strong ... More

Tulip IT Services: Buy
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Welspun Gujarat Stahl Rohren: Buy
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NEW FUND ON THE BLOCK
DSPML Natural Resources and New Energy Fund
DSP Merrill Lynch Natural Resources and New Energy (DSPML NRNEF) is the new fund offered by the DSPML Fund Managers. This open-ended thematic equity fund will seek to invest predominantly in companies involved in the discovery, production, ... More

HDFC Growth Fund: Stability in holdings
HDFC Growth Fund invests in stocks across market capitalisations. Despite a large-cap bias, mid and small cap stocks account for 28 per cent of the portfolio. The fund has managed to consistently beat its benchmark Sensex over one-, three- and ... More

OUTLOOK
Index Outlook
It was an interesting tussle between the bulls and the bears on the Indian bourses last week. Bears had plenty of ammunition in the form of weak IIP numbers, soaring crude prices and sub-prime related write-offs with which they gained the ... More

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