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MARKETS
STOCKS:
Stocks now valued at 2005 level
Views differ on whether valuations are attractive enough to buy. Ever wondered what it would have been like to buy stocks at rock-bottom prices before the recently ended bull run gained ...
FINANCIAL MARKETS:
ICICI Bank sends SMS to allay fears of depositors
Mumbai, Oct. 11 Many ICICI Bank customers received SMS messages on their mobile phones on Saturday, assuring them that their deposits with the bank are ...
STOCK MARKETS:
Not learning from history
As the world struggles in the throes of a credit crisis, it seems appropriate to recount some (un)forgettable meltdowns of the twentieth century, the economics behind them and the panic that they created. Each of these major crises had features ...
FINANCIAL MARKETS:
Airlines brace for lower occupancy on international routes
SLOWDOWN CHILLS. New Delhi, Oct. 10 It will be a harsh winter for the airline industry. The slowdown in the global economy could impact both domestic and international airlines flying on several international routes. Both segments – ...
OUTLOOK:
Index Outlook
Last week’s rout in stock prices was on a scale that none of us have witnessed in our lifetimes. Sample this, the Dow Jones Industrial Average declined 18 percent, its worst weekly decline ever, Nikkei crashed 18 per cent in just ...
RECOMMENDATION:
Infosys Technologies: Buy
Investors with a one-two year perspective can buy the shares of Infosys Technologies, considering its attractive valuations and reasonable business prospects, despite the current rough ...
RECOMMENDATION:
Magnum Contra Fund: Invest
The fund hasn’t fared too well in the recent meltdown, with the year to date NAV correcting by more than 50 per cent. However, the good long-term record and the fund’s flexicap mandate make it a reasonable investment at this ...
RECOMMENDATION:
Tata Motors — Rights Offer: Avoid
Rights offer price of Rs 340 a share (ordinary) and Rs 305 an ‘A’ share; current market price of Rs 292 a share. Posed with this equation, it should be obvious to any shareholder of Tata Motors (TML) on what the response should be ...
STOCKS:
Query Corner: What the charts say
I have purchased Themis Medicare and Kalindee Rail Nirman for Rs 250 and Rs 215 respectively. Please give your view on these ...
MUTUAL FUNDS:
‘Not much room to manoeuvre, even within large-caps’
Companies may try to go slow on their spending programme as the high interest rates could ultimately affect project internal rate of return (IRR), feels Ms Srividhya Rajesh, Fund Manager – Equity, Sundaram BNP Paribas Mutual. ...
FINANCIAL SERVICES:
Clear liability before retirement
I am a 38-year-old NRI. My wife is 35. We have two daughters — the eldest is aged 4 and the younger one is 10 months old. I would like to lead my retired life in India from next year. I invested Rs 60 lakh in plots a few years ago. ...
REGULATORY BODIES & RULINGS:
What the P-Note relaxation could mean
These are unprecedented times and market regulators across the globe have been up in arms fighting the tumbling stock prices. The Reserve Bank of India and Securities and Exchanges Board of India (SEBI) have been pro-actively managing the ...
MUTUAL FUNDS:
Fund Talk
I am 33 and have been investing Rs 1,000 through SIP regularly for the last two years in Magnum Contra, Franklin India Flexi cap, DSPML Equity, Birla Midcap & DSPML T.I.G.E.R. I am planning to start new SIPs in Sundaram ...
STOCK MARKETS:
What the CRR cut means for investors
The RBI’s recent move to cut the cash reserve ratio by 150 basis points was welcomed by many participants in the debt market as it is expected to infuse much wanted liquidity to the extent of Rs 60,000 crore into the banking ...
OUTLOOK:
Sensex long-term outlook review
If 2007 was the year of the raging bull market, 2008 will go down in history as the year in which the bear charged out from its lair rejuvenated after four years in ...
FINANCIAL MARKETS:
Impact on Asia will be less: Y.V. Reddy
Singapore, Oct. 11 Former Governor of Reserve Bank of India, Dr Y.V. Reddy, on Saturday said the impact of the global financial turmoil on Asia will not be as much as on the Western countries. Indeed, this could eventually lead to ...
IPOS:
NHPC postpones IPO plan on market crisis
NHPC Ltd has postponed its plans to go public due to turbulence in the capital ...
STOCK MARKETS:
Infosys
Infosys moved in line with our expectation and declined to test the long-term support at Rs 1125 on Friday. The intra day recovery from that level was strong and the stock went on to record a close well above this support. A short-term ...
STOCK MARKETS:
SBI
The out-performance of SBI continued in a week when the entire stock market edifice was crumbling. Though the stock could not progress higher, the decline was not very severe either. The stock recorded an intra-week trough at Rs 1181 on ...
STOCK MARKETS:
Unitech
Unitech declined with the rest of the market to an intra-week trough at Rs ...
STOCK MARKETS:
Reliance Infra
Reliance Infrastructure fell in to a bottom-less pit and the stock ceded 30 per cent in just four sessions. We had expected the stock to move sideways between Rs 660 and Rs 1100 over the medium-term. But the break of the lower boundary brings ...
STOCK MARKETS:
Reliance
Reliance Industries recorded an emphatic close below the long-term support at Rs 1700 on Monday and ended with a 13 per cent loss for the ...
STOCK MARKETS:
Tata Steel
Tata Steel was bludgeoned out of shape last week as it plunged to a 26 per cent decline. The stock fell to the long-term support at Rs 290 indicated in our previous column. The stock halted at this level in June and again in October ...
STOCK MARKETS:
Prominent bulk deals on NSE and BSE
...
RECOMMENDATION:
Union Bank of India: Buy
Investors can consider buying the Union Bank of India stock with an investment horizon of more than a year. A low price-to-book value, with a high return on equity, indicates the stock to be relatively undervalued. Investors should, however, ...
RECOMMENDATION:
GlaxoSmithKline Consumer Healthcare: Buy
FMCG stocks have withstood the market fall better than others, but with the ongoing ‘flight to safety’ bidding up their prices, frontline stocks in the sector are now quite expensive in relation to the rest of the ...
RECOMMENDATION:
DSPML Balanced Fund: Invest
Investors can consider buying units of DSPML Balanced Fund. With over a third of its assets in debt, the fund declined 22 per cent on a one-year basis. Exposure to debt has restricted the fund’s losses to about 50 per cent of the ...
MUTUAL FUNDS:
Diversified funds — It’s all in the selection
If the two-year round trip of stock market proves anything for your mutual fund investments, it is that a lot hinges not just on your fund selection but also on the fund manager’s stock and sector selection. An analysis of the ...
INVESTMENTS:
What ‘long-term’ portfolio? Risk management for the trader
Stock prices are down more 50 per cent down from the all-time highs. This sharp decline in prices has resulted in large losses for even the astute traders. Most “investors” continue their loss-making exposure under the pretext ...
STOCK MARKETS:
Lifting the gloom: More policy play needed than simple assurances
Mumbai, Oct. 11 Just how deep-seated the fears about catching the credit crunch infection were in India became evident when the ICICI Bank stock fell 20 per cent at close of last week despite assurances by the Finance Minister and the ...
STOCK MARKETS:
Another volatile swing on the cards for Nifty
Bears tightened their grip heavily on the markets causing one of the steepest falls in the history of ...
COMMENTARY:
Yet another week of gloom
The week beginning October 6 saw the Sensex start at 12284 points, a good 2 per cent lesser than its previous close. But that was just the tip of the iceberg as far as the losses were concerned. The bellwether index went on to lose over 16 ...
MUTUAL FUNDS:
Update
Principal Mutual Fund has extended new fund offer period for Principal Emerging Bluechip Fund. The fund will now close for subscription on October ...
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