MARKETS
INVESTMENTS
Small savings collections down 22.5% in April-Jan 2008
New Delhi, March 22 Gross collections under various small saving schemes have declined by a substantial 22.5 per cent during April-January 2008, indicating waning investor interest in such schemes in this fiscal too. Financial experts ...
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Insurance and investment — A plan that packs both
How should one evaluate ULIPs (unit-linked insurance plans)? In an e-mail interview with Business Line, Mr Vikram Kotak, CIO, Birla Sun Life Insurance (BSLI), makes a case for investing in ULIPs. He also sheds light ...
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Some myths about wealth creation
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DIVIDEND ANNOUNCEMENT
Update
Kotak Mahindra Mutual Fund has declared a 40 per cent dividend (Rs 4 per unit on a face value of Rs 10) under its dividend option in Kotak Balance. The record date is March 25. Principal Mutual Fund ...
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MUTUAL FUNDS
Bearish trend turns mutual funds into net sellers now
Lack of interest in taking up fresh investment commitment
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Sundaram BNP Paribas Select Midcap — Favouring fertilisers
Large-cap stocks have borne the brunt of the steep market corrections. Some mid-cap and small stocks too have lost heavily in the last two months. We take a look at a pure mid-cap fund, how it has re-shuffled its portfolio during the ...
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Fund Talk
I’m a 31-year-old salaried person. I have the following investments: Birla Sunlife Tax Relief 96, DSPML T.I.G.E.R, Franklin India Flexicap, Franklin Opportunities, ICICI Pru Dynamic, Kotak Tax Saver, Magnum Taxgain, Reliance ...
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STOCKS
Reliance
RIL took one more step lower last week but it is still above the short-term support at Rs 2,120. The near-term outlook for the stock stays negative. It is likely to move lower to Rs 2,030 or even Rs 1,900 in the near-term. The ...
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SBI
This stock declined to our short-term target and closed with a 6 per cent loss for the week. Oscillators in the daily chart have reached over-sold levels but there are no convincing reversal signals yet. SBI made no attempt to move above the ...
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Tata Steel
Tata Steel took a decisive step lower and closed with a 11 per cent loss last week. It is now certain that the stock is charting the C wave of the down-move that began from the January peak. The medium-term targets as per this count are ...
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Infosys
Infosys moved in a very narrow band between Rs 1,300 and Rs 1,400 last week. The near-term outlook stays negative. The stock could move lower to Rs 1,217 and then Rs 1,122 in the near future. Though the long-term trend in the ...
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Bharti Airtel
This stock recorded an intra week low at Rs 706.7 on Monday before staging a turnaround. Bharti Airtel has key long-term support at Rs 700 since this is the 50 per cent retracement level for the move recorded between June 2006 and October ...
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Satyam Computers
This stock moved higher on Wednesday to end the week on a positive note. The short-term resistance levels stay at Rs 400 and then Rs 415. Though the daily oscillators are signalling a buy, the weekly indicators continue to be weak implying ...
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STOCK MARKETS
FOLLOW THE MONEY
Asia hopes for relief on liquidity issues
The weekly report on reserve balances showed that US Federal Reserve has lent over $48 billion in the first three days of last week to 20 primary dealers in the US markets. Top investment banks, with the exception of Bear Stearns that had ...
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Query corner
Please let me know the outlook for Oriental Bank of Commerce bought at Rs 250 and Indian Hotels at Rs 120. EaswarOriental Bank of Commerce (Rs 161.7): OBC is in a long-term bull ...
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TOP OF MIND
Of Bears and broken markets
Bear Stearns (BS) may well go down in Wall Street history. Not for the right reasons though. By now, most of us may be able to relate the recent happenings in investment banking to ‘sub-prime’ woes in the US. But what exactly led ...
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Trader's corner
Some tools in technical analysis appear so simple that they are dismissed by most after a cursory glance. ‘Andrew’s pitchfork’ is one such tool that does not receive the attention that it deserves. This technical tool was ...
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FOREIGN INSTITUTIONAL INVESTORS
Also in exit mode?
With the Bear Stearns issue having churned up the markets, bulk and block deals data from the two exchanges will continue to hold cues to further distress sales by troubled foreign investors. But with most of the big global names in i-banking ...
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Caught in the Bear’s grip
Investing in stocks is not as simple and straightforward a game as it seems. That lesson was driven home yet again last week when the stock market trembled from the aftershocks of the spectacular collapse of US securities firm Bear Stearns. ...
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RECOMMENDATION
Idea Cellular: Buy
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Mahindra & Mahindra: Buy
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DSP ML Top 100 Equity Fund: Buy
The sweeping correction in stock prices has seen the BSE Sensex and the BSE 500 shed about 29 per cent and 35 per cent from their respective peak values till date. For investors seeking to build or to augment their equity portfolio, this may ...
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Zee Entertainment: Buy
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Reliance Vision: Invest
Investors wishing to take advantage of recent market declines to build an equity portfolio can buy units of Reliance Vision Fund, considering its good long-term track record. The fund’s large-cap focus may make it better placed to tide ...
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Franklin India Taxshield: Invest
Conservative investors looking for tax saving options in the equity space can consider investing in Franklin India Taxshield. While the fund’s one-year return of 19.3 per cent does not place it among the top performing funds in the ELSS ...
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Titagarh Wagons: Invest at lower end
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OUTLOOK
Index Outlook
The Sensex, which was already reeling on the brink, collapsed below the 15000 threshold on receiving a facer from Bear Stearns last Monday. The blow sent the index to an intra week low at 14677.2 before it managed a feeble recovery to end the ...
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Market View
The crisis that came to the fore via the sub-prime debacle has enveloped several parts of the credit market. Just in the past month, at least three more parts of the credit market have joined the woes party now inflicting significant damage ...
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What’s ahead
The week may hold bouts of volatility as the expiry of March 2008 derivative contracts is scheduled for Thursday, March 27. Cues might be taken from the rollover data as India Inc. is slated to deliver March quarter results. While advance tax ...
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ECONOMIC OFFENCES
Ketan Parekh scam: SEBI lets off Zee TV promoters with a warning
Coimbatore, March 22 The Securities and Exchange Board of India has said that the promoters of Zee Telefilms had by their conduct and actions given an impression that they aided and abetted Ketan Parekh (KP) entities in large scale market ...
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