MARKETS
MUTUAL FUNDS:
Market swings hit MFs hard
Assets under management continue to shrink. Mumbai, Aug. 2 The assets under management (AUM) of mutual fund industry fell for the second successive month, declining by more than 6 per cent in ...
NEW FUND OFFER:
Lacking new investment strategies
New funds in 2007. Despite the number of open-end equity funds available expanding manifold over the years, the investors’ fascination with New Fund Offers (NFOs), which are offered at Rs 10, has scarcely waned. But if you gave in to lure ...
RECOMMENDATION:
Biocon: Hold
Lack of near-term catalysts, staid growth in biopharmaceuticals (over 80 per cent of sales) and sluggish performance in contract research services have dulled the earnings picture for biotechnology company, Biocon. Investors should refrain ...
RECOMMENDATION:
Bharti Airtel: Buy
Strong growth visibility in the mobile and enterprise segments and new business opportunities make Bharti Airtel a good investment option. ...
MUTUAL FUNDS:
Reviewing your portfolio: Time for a debt rejig
Interest rates have climbed steeply and may rise further. Credit is getting tighter as RBI attempts to soak up excess liquidity, in its bid to cool inflation. Lenders are becoming more wary about credit risk and are looking to curtail lending ...
RECOMMENDATION:
Television Eighteen India: Hold
Television Eighteen India (TV 18) has delivered a disappointing set of results in the April-June quarter. While the core news operations, led by CNBC TV 18, remained healthy, sustained losses in the Web and newswire operations have resulted in ...
RECOMMENDATION:
Exide Industries: Buy
Investors with a two-three year perspective can consider buying shares in Exide Industries. Until the market correction in January, the stock had moved up sharply, delivering a 75 per cent return in a span of six months. From a 52-week high of ...
RECOMMENDATION:
HSBC Dynamic Fund: Hold
Investors can continue to hold the units of HSBC Dynamic Fund, considering its ability to contain downsides during market turbulence, and to keep up with its benchmark during market upswings. The fund is relatively new, launched only 10 ...
OUTLOOK:
Index Outlook
Indian equities took just one day to recover from the jolt received by the monetary policy delivered last Tuesday. While talking about this characteristic of stock markets, Robert Prechter had remarked that the market’s trends derive ...
STOCKS:
Techtrail: What the charts say
I have purchased shares of United Spirits at Rs 1,550 and Sona Koyo Steering System at Rs 56. Please let me know the medium and long term outlook of these shares. Krishan Kumar ...
MUTUAL FUNDS:
Fund Talk
I have invested in top performing funds but have negative returns over the past year. I started investing in mutual funds from March 2007. All plans are in growth option. They are not lump-sum investments. I keep on investing as and when I ...
OUTLOOK:
Bearish undertones
The RBI’s Credit Policy for the first quarter of 2008-09 was largely an extension of the central bank’s stated intention in its annual policy document. ...
RECOMMENDATION:
Container Corporation: Hold
Shareholders with a long-term view can continue to hold the stock of Container Corporation of India, the country’s biggest carrier of rail cargo containers. Concor’s widely distributed rail infrastructure network, huge wagon ...
RECOMMENDATION:
UTI Retirement Benefit Pension Fund: Hold
UTI Retirement Benefit Pension Fund is an open-ended balanced fund with a maximum allocation of 40 per cent to equity and the rest in debt instruments. The fund outpaced its benchmark and category average over three- and five-year periods. A ...
INVESTMENTS:
Active funds: Closet-indexers or alpha generators?
Mutual fund selection is difficult. Most fund-houses offer three to four equity funds that are prima facie no different from each other. The confused investor typically buys equal units in all these funds. Such a strategy is not optimal, a ...
DERIVATIVES MARKETS:
Nifty may be stuck in a range
Despite some anxious moments, the bull momentum continued on Dalal Street last week. The Nifty August future closed at 4432.85, gaining 2.4 per cent over the previous week’s close of 4329.65. The Nifty August future saw a rollover of 65 ...
OUTLOOK:
Credit Policy View
The RBI has shown a firm resolve in its fight against the monster of inflation by increasing repo rate by 50 bps to 9 per cent and Cash Reserve ratio by 25 bps to 9 per cent. The central bank has upped its inflation target for FY09 to 7 per cent ...
OUTLOOK:
Asia may look at fundamentals; earnings mostly over
Asian markets will take cues from the Federal Reserve policy meeting, the quarterly US Treasury refunding and a set of data pertaining to inflation and labour costs of the country that imports the maximum of goods. The week was a forgettable ...
STOCKS:
Reliance Infra
Reliance Infrastructure recovered from our first short-term support at Rs 900 implying that the near-term outlook stays robust for the stock. A close above the 50-day moving average and strength in daily and weekly oscillators is also ...
STOCKS:
Tata Steel
Tata Steel reversed from an intra-week trough at Rs 577 to move to the upper boundary of the short-term range at Rs 685. That is the immediate resistance for the stock. Move beyond will take the stock to the key medium-term resistance between ...
STOCKS:
SBI
Despite the decline below the support at Rs 1,350 on Tuesday, SBI reversed higher the next day, thus underlining the fact that the short-term outlook stays positive. ...
STOCKS:
Unitech
Unitech formed an intra week trough at Rs 152 and moved sideways in line with our expectation. The near-term trend in the stock is up but it faces strong resistance in the area about Rs 180 where the 50- day moving average is present. A weekly ...
STOCKS:
Reliance
Reliance Industries declined to Rs 2,080 as anticipated in this column last week but this level has not been breached. ...
STOCKS:
Infosys
Infosys whipsawed in a narrow band between Rs 1,500 and Rs 1,650 last week. The stock has been confined to this range over the last three weeks, keeping everyone guessing. As mentioned in the previous weeks, Infosys has key medium-term support ...
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