MARKETS
STOCK MARKETS:
A bad year for greenhorns
Checking back on IPOs…. Even as late as June this year, investors in initial public offers (IPOs) continued to be better off than those who dabbled in the secondary market. Smaller IPOs continued to deliver good listing gains, even while ...
FOREIGN INSTITUTIONAL INVESTORS:
‘Flight to safety’ sparked rupee fall
Rupee depreciation continued despite oil price dip. BL Research Bureau One surprising sidelight to the recent market mayhem is the sharp depreciation in the rupee relative to the dollar, with the domestic currency sliding by 14 per cent in a ...
FINANCIAL MARKETS:
WorldSpace files for bankruptcy in US
Fails to get new funding to repay debt. Chennai, Oct. 18 Digital satellite radio broadcasting company, WorldSpace Inc, has filed for bankruptcy protection in a US court after failing to obtain new ...
OUTLOOK:
Index Outlook
Despite the brouhaha over the Sensex closing below 10000, there are a number of positive takeaways from last week’s proceedings. The regulators appear to have finally identified the cause for the present turmoil and seem to be taking ...
RECOMMENDATION:
HDFC Bank: Buy
Investors can consider accumulating the HDFC Bank stock with a two-year perspective, given the bank’s resilience in a challenging environment and scope for strong growth in ...
RECOMMENDATION:
HDFC Top 200 Fund: Invest
Investments can be considered in the units of HDFC Top 200 Fund, considering its good long-term track record and ability to contain losses better than its benchmark during market downturns. The fund has generated returns that have placed it ...
STOCK MARKETS:
Why index levels don’t really matter
The unimaginable has happened, with the BSE Sensex closing last week at a four-digit figure. So where is the next ‘support’ for the index? Will it stop at 9700? Or will it head further southwards to 8800? If you are a long-term ...
STOCKS:
Query Corner: What the charts say
I bought Jindal Steel and Power at Rs 3,000 and MMTC at Rs 30,000. Should I sell the stocks and book ...
STOCK MARKETS:
Take note of P-Notes
The restrictions that came as a surprise to many in October last year have now been lifted. Yes, the bar on P-note issues by FIIs was reversed by the Securities and Exchange Board of India (SEBI) early this month. Said to be a move to ...
INVESTMENTS:
Investors turning to ‘safer avenues’ like gold, bank FDs
Flight to safer avenues and a tendency to concentrate only on traditional investments — those are two key trends that wealth managers have seen after the recent credit crisis, says Mr Nipun Mehta, Executive Director and Head ...
FOREIGN INSTITUTIONAL INVESTORS:
The way the FII action unfolded this year
...
STOCK MARKETS:
Reliance Ind
RIL recorded an intra-week peak at Rs 1,668 and closed 22 per cent lower from that level on ...
STOCK MARKETS:
Tata Steel
Tata Steel continued plunging into an abyss recording yet another 14 per cent weekly decline. The stock has also sliced through the support at Rs 275. It needs to recover next week and record a weekly close above Rs 295 to salvage the ...
STOCK MARKETS:
SBI
State Bank of India moved higher in line with our expectation and achieved the first short-term target at Rs 1,570. Though the bearish engulfing candle recorded on Friday has marred the short-term picture, traders can hold their long positions ...
STOCK MARKETS:
Maruti Suzuki
Maruti Suzuki has been under severe selling pressure from last November. This long-term down-trend halted in the first week of July and a steady medium-term up-trend is in progress since then. This move can be enclosed within an upward ...
STOCK MARKETS:
Reliance Infra
There was some stability in the stock last week as it moved sideways between Rs 480 and Rs ...
STOCK MARKETS:
Infosys
It was an intensely volatile week for Infosys as the stock first rallied to Rs 1,411 and then declined to Rs 1,100 ...
RECOMMENDATION:
Suzlon Energy: Buy
The approval of the much-debated renewable energy production tax credit (PTC) by both the US Congress has brought renewed hope for the US wind energy ...
RECOMMENDATION:
Axis Bank: Buy
Investors with a two-year investment horizon can consider buying the stock of Axis Bank. The bank’s performance has so far allayed fears about an earnings slowdown due to the ongoing global turmoil, high interest rates and ...
RECOMMENDATION:
Redington India: Buy
Investors willing to bet on the strong domestic and Middle-East’s IT (hardware and software) adoption story can consider buying the shares of Redington India, a hardware, software products and digital products distributor. At Rs 192, ...
MUTUAL FUNDS:
Equity funds: The September action
With FIIs in the exit mode, domestic institutions such as mutual funds and insurance companies have remained key buyers of note in the stock market in recent months. September saw domestic funds net buy Rs 2,292 crore worth of equity, even ...
RECOMMENDATION:
Reliance Vision: Hold
Unit holders can retain their holdings in Reliance Vision based on its long-term track record. Despite sporting a large-cap tilted portfolio, the fund has failed to contain downside in a highly volatile ...
FOREIGN INSTITUTIONAL INVESTORS:
Prominent bulk deals on NSE and BSE
...
RECOMMENDATION:
Equity research: Should reports provide recommendations?
Equity analysts are in an unenviable position. When asset prices cantered up between 2005 and 2007, they initiated coverage on a large universe of companies. Several of these stocks are currently trading at half their estimated intrinsic ...
INVESTMENTS:
Aegon Religare’s new insurance scheme
With the market undergoing turbulent times, insurance companies have been tweaking their premium allocation ...
STOCK MARKETS:
Nifty future may see a relief rally
The bear onslaught, which became prominent in the second half of the week, spoiled the positive mood with which the market began on Monday. Both Nifty and Nifty futures breached their important technical supports during Friday’s ...
COMMENTARY:
Bear party continues on Dalal Street
The Sensex lost 5.2 per cent for the week ended October 17, breaching the psychological barrier of 10,000 and closing at ...
MUTUAL FUNDS:
Fund Talk
I have SIPs in Sundaram BNP Select Midcap, Reliance Growth, Reliance Equity Opportunities, Fidelity Equity, and HSBC Advantage India, on which I spend Rs 7000 per month. I started the SIPs two years ago and continue to invest. Most ...
MUTUAL FUNDS:
Fund Update
ABN AMRO asset Management company has been acquired by Fortis Investment Management following the global restructuring of ABN AMRO. Unit holders who have an objection to this change can redeem their units any time from October ...
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