MARKETS
STOCKS:
Chevron to exit RPL, paving way for merger
To offload 5% stake to Reliance Industries. Mumbai, Feb. 28 American oil major Chevron will exit from Reliance Petroleum (RPL) by selling its five per cent stake to Reliance Industries (RIL) which has a 70.38 per cent stake in the company. In ...
OUTLOOK:
Index Outlook
The Government startled investors with fiscal stimulus – III and sops for exporters, less than ten days after announcing a no-frills interim budget. This afterthought did not impress the Indian stock markets that were already weighed ...
RECOMMENDATION:
Reliance Regular Savings – Equity Fund: Sell
Investors in Reliance Regular Savings Equity Fund can contemplate paring their exposure to the fund, at least ...
RECOMMENDATION:
Akruti City: Book profits
Investors in the stock of Akruti City (Rs 880) can consider booking profits by reducing their holdings in the stock. The steep surge in Akruti’s stock price (over 40 per cent between January 2009 and now) does not appear to be supported ...
RECOMMENDATION:
Hindustan Dorr Oliver: Buy
Hindustan Dorr Oliver (HDO) is one of the few small-cap engineering companies that managed to weather the current slowdown by focussing on diversification of services and offering specialised technologies through overseas tie-ups. ...
RECOMMENDATION:
Godrej Consumer Products: Buy
Investors can consider buying the stock of Godrej Consumer Products, now trading at Rs 127. The stock has not participated in any of the recent run-ups in the FMCG sector, due to a string of earnings disappointments from the company over the ...
RECOMMENDATION:
Indian Overseas Bank: Hold
Investors can consider holding on to the stock of Indian Overseas Bank (IOB). Though the stock may carry limited downside risk, given the valuations, the stock may continue to underperform peers over the near ...
RECOMMENDATION:
Pantaloon Retail India: Hold
Retail major Pantaloon Retail India, operating in both value and lifestyle retail, is among the preferred exposures in the Indian retailing ...
RECOMMENDATION:
UTI SPrEAD Fund: Hold
Investors with modest return expectations and low risk appetite can consider holding on to the arbitrage fund — UTI SPrEAD Fund. The fund’s one-year return of 9.5 per cent places it among the top funds in its category. While the ...
STOCKS:
Query Corner: What the charts say
I have purchased Chambal Fertilizers at Rs 41. Kindly let me know the prospects of this stock. Can I buy it at current ...
STOCK MARKETS:
Nifty future may move with negative bias
Last week was lacklustre for Nifty traders as the bellwether was confined to a very narrow range despite it being the settlement week for February contracts. The Nifty future moved in narrow band between 2787-2675 and closed the week at ...
STOCK MARKETS:
To hold loss-making positions or not to hold, that’s the question
It has been a painful journey for most investors since January 2008 what with equity values declining more than 50 per cent. An issue that investors are battling with currently is whether to close their loss-making positions and move into cash ...
STOCK MARKETS:
Rebate on capital gains on delisting of shares
I earned capital gains on delisting of shares on January 2. To claim exemption u/s 54EC, do I need to reinvest in the capital gains bonds of REC before March 31 or within six months? ...
STOCKS:
Infosys
Infosys reversed from the support at Rs 1,160 once again last week and rose to an intra-week peak at Rs 1,240. Short-term resistance for the stock is at Rs 1,260. A reversal below this level would indicate a propensity to decline in ...
STOCKS:
Maruti Suzuki
Maruti Suzuki moved contrary to our expectation last week; surging above the resistance at Rs 640 towards an intra week peak at Rs 714. The targets for the move from the January 23 trough were Rs 714 and then Rs 792. But negative divergences ...
STOCKS:
Reliance Ind
Reliance Industries rebounded from our first support at Rs 1,207 last week and closed with a marginal 1-per cent weekly gain. The stock has strong near-term resistance at Rs 1,335 and then Rs 1,385. The near-term view for this stock is ...
STOCKS:
SBI
A tug-of-war appears to be on in the SBI counter around the Rs 1,000 mark. Five consecutive doji formations days in the Japanese candlesticks chart points in this direction. The short-term trend in the stock remains ...
STOCKS:
ONGC
ONGC too reversed from the short-term support at Rs 657 and recorded an intra-week peak at Rs 729. Ten-day rate of change oscillator reversed lower just below the zero line indicating that the near-term outlook stays weak despite the rally ...
STOCKS:
Tata Steel
Tata Steel could not penetrate the support at Rs 158 and rebounded strongly on Friday. Immediate resistances for the stock are at Rs 175 and then Rs ...
COMMODITY EXCHANGES:
Commodity futures
The process of trading in equity has become simple today. You can do everything on the Internet. But what if you want to buy a few gm of gold or a tonne of aluminium or even a kg of cocoa? Well, you can buy them online too! Welcome to ...
FINANCIAL MARKETS:
Seshasayee warns against too much role for governments
Chennai, Feb. 28 As a consequence of the global economic meltdown the world is seeing an increasing role for the governments in economic space. This is essential today, but political leadership across the world should ensure ...
MUTUAL FUNDS:
Fund Update
Fortis Mutual Fund has revised the minimum application amount under its scheme Fortis Flexi Debt Fund under regular plan and regular plan A. The revised minimum application amount under growth, half-yearly dividend, ...
FINANCIAL MARKETS:
Taking stock of US housing
The housing crisis in the US is only worsening, according to every recent measure, ranging from housing ‘starts’ to new home sales. Rising foreclosures and higher inventory are causing price declines which, in turn, results in ...
Columnists:
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Harish Bijoor
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Ramanujam Sridhar
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S Ramesh Kumar
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Radhika Chada
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