The Hindu Business Line : Sunday, October 26, 2008

MARKETS

STOCKS: Jet Air posts Rs 384-cr loss in Q2
Higher fuel costs, lower passenger traffic. Mumbai, Oct. 25 Hit by higher fuel costs and the lean season drop in passenger traffic, Jet Airways reported a net loss of Rs 384.5 crore for the second quarter ended September 30 against a net profit ...

INVESTMENTS: Time to ‘think global, invest local’
The ongoing carnage in the stock market has certainly taught us all that managing an equity portfolio is not just about keeping abreast of what’s happening in India. It is much more than that; after all, who could have imagined that ...

OUTLOOK: Index Outlook
It was a week when all one could do was, watch awe-struck, as stock prices fell in to a bottomless pit. The Sensex effortlessly sliced though one support level after another despite efforts by the troika of the Finance Ministry, SEBI and the ...

INSIGHT: When panic rules investors
Concerns about a cash crunch and stalled loans batter the stock of realty major Unitech by 49 per cent in a single day. Reports about an accidental breakage in a single turbine blade in the US send the Suzlon Energy stock crashing by 39 per cent ...

RECOMMENDATION: Hero Honda: Hold
Shareholders of Hero Honda can continue to hold the stock. At the current market price of Rs 752, the stock trades at a price-earnings multiple of about 13 times its annualised April-September ‘08 ...

RECOMMENDATION: Indo Tech Transformers: Buy
Indo Tech Transformers has so far overcome the hurdles of slowing order flows and higher borrowing costs better than similar small sized ...

RECOMMENDATION: DSPML Equity Fund: Invest
If you’re looking for equity funds to add to your core portfolio for the long term, DSPML Equity Fund is an attractive option to consider. The fund remains one of the top performers in the diversified equity category over five, three ...

RECOMMENDATION: Nifty BeES: Buy
Investors with a two-three year perspective can consider accumulating Nifty Benchmark Exchange Traded Scheme (Nifty BeES), an exchange-traded fund that mimics the S&P CNX Nifty Index in returns, at its current market price of Rs 269. ...

RECOMMENDATION: UTI MasterShare: Hold
Investors in UTI Mastershare can retain their units in the fund, which has marginally under-performed the benchmark BSE-100 over three- and five-year periods. However, it has improved its performance against the category average over the ...

STOCKS: Query Corner: What the charts say
Please advise me about the short-term prospects of Everest Kanto Cylinders (EKC) and ...

FINANCIAL MARKETS: Trust: A part of financial planning
I am a 40-year-old NRI. I have a daughter aged 15 with special needs. I would like to retire early – in India. I hold bank deposits to the tune of Rs 1 crore. Last year I invested Rs 10 lakh in single premium pension ...

STOCKS: Reliance Industries
When titans such as Reliance Industries shed 22 per cent in a week, what chance do the lesser stocks stand? RIL penetrated the key long-term support at Rs 1,250. The next support on the long-term chart would be at the long-term trend line at ...

STOCKS: Tata Steel
There was no let-up in the selling pressure on the Tata Steel counter and the stock declined another 28 per cent last week. Immediate supports on the chart are the 2004 troughs at Rs 156 and then Rs 136. But the ferocity of the fall implies ...

STOCKS: SBI
SBI could not withstand the bear onslaught any longer and melted in the second part of the week below our near-term support at Rs 1,250. The medium-term view has been revised from positive to neutral with last week’s movement. The ...

STOCKS: Maruti Suzuki
The medium-term up-trend that we had pointed out last week was nullified by the 16 per cent plunge in Maruti Suzuki last week. The stock is once more hovering around its long-term support at Rs 570. Since the low formed in July has not ...

STOCKS: Infosys
Infosys was among the rare few that recorded a positive weekly close last ...

STOCKS: ONGC
ONGC had been holding up well against the selling pressure until last week. But the 15 per cent decline last week has pulled the stock below the key support band between Rs 750 and Rs ...

RECOMMENDATION: Prism Cement: Sell
In the backdrop of excess supplies, declining prices and higher input costs, North-based cement players have seen their realisations and margins eroding in recent times. Though a cost-efficient player, Prism Cement has reported ...

COMMENTARY: Relentless selling causes blood bath on D-street
The Sensex ended the week 20-24 October on a dismal note at 8701 by plummeting 1274 points or 12.7 per cent for the ...

FOREIGN INSTITUTIONAL INVESTORS: Prominent bulk deals on NSE and BSE
...

INVESTMENTS: Arbitrage funds: Low risk alternative for investors
The sharp drawdown in portfolio values since this January has seen a paradigm shift in investor behaviour. Even portfolios with equity bias now seem to prefer exposure to assets with stable ...

DERIVATIVES MARKETS: Nifty future in oversold zone
Despite a positive opening for the markets, bears had the last laugh as markets swooned under selling pressure to touch its three-year lows. Predictably, even the Nifty future breached its all-important technical support levels during the ...

MUTUAL FUNDS: Diversified equity funds — Few outstrip market
Investors in open-end diversified equity funds would have lost at least half of their asset value in 2008 as this category of funds declined by an average 52 per cent between January 2008 and October 17. Only two out of five funds (or 42 ...