MARKETS
STOCK MARKETS:
Only 4 equity MF schemes show positive return in 3 years
Returns between 1-2.5% when Sensex fell 8%. Mumbai, March 14 Against the backdrop of a lacklustre stock market, only four equity diversified mutual fund schemes have given positive returns over the three-year period ending March 12, 2009, a ...
FINANCIAL MARKETS:
Global influence still strong
Indian Markets. “BSE Sensex tumbles to a three-year low.” “Dow Jones Industrial Average at a new 12-year trough”. Do these headlines suggest that the Indian stock market is more resilient than the US? Or is it a hint that ...
STOCK MARKETS:
Pvt PF trusts can actively manage funds in equities from April 1
CBDT amends I-T rule on investment pattern. New Delhi, March 14 The decks have been cleared for provident funds and superannuation trusts managed by the private sector to take a greater exposure in the stock ...
OUTLOOK:
Index Outlook
There was perceptible change in the market mood towards the end of last week as despair gave way to hope. Signs of a nascent economic recovery in India coupled with smart rebound in US markets made the bulls venture out of their lair and take ...
RECOMMENDATION:
State Bank of India: Buy
Beaten down valuations, SBI’s increasing market share in deposits, which gives it leeway to reduce costs, and higher pricing power to attract borrowers make the PSU banking giant a good investment ...
RECOMMENDATION:
Mahindra and Mahindra: Buy
Investors with a three-year horizon, wanting to take exposure to auto stocks, can consider accumulating the Mahindra and Mahindra (M&M) stock. Currently priced at Rs 344, M&M discounts its trailing four-quarter earnings by about ...
RECOMMENDATION:
SAIL: Buy
Investors can consider buying the Steel Authority of India (SAIL) stock (Rs 82), given its low valuation. The stock trades at a price-to-earnings multiple of 4.5 times the trailing 12 month earnings. Though the jury is still out on whether ...
RECOMMENDATION:
Piramal Healthcare: Hold
Shareholders with a long-term perspective can hold on to the stock of Piramal Healthcare given the company’s strengthening presence across both domestic formulations and CRAMS (custom research and manufacturing ...
RECOMMENDATION:
Axis Bank: Buy
Investors with one-two year horizon can consider buying the Axis Bank stock as it is attractively valued. At the current market price of Rs 330, the stock trades at just 1.2 times its December book value of Rs 279 and at a PEM of 7.5. Axis ...
RECOMMENDATION:
Titan Industries: Buy
A retailer of branded jewellery, watches, and eyewear, Titan Industries is among the few retailers to have managed strong growth in the ongoing slowdown. A presence across price points in both its key businesses —watches and ...
RECOMMENDATION:
Franklin India Prima Plus: Invest
Investment can be considered in the units of Franklin India Prima Plus based on the fund’s good three and five-year track record. The performance places it in the top quartile of the diversified funds over the above ...
FINANCIAL MARKETS:
Some alternatives to stocks
As the global financial crisis cuts a notch deeper and many economies officially go into recession, stock markets have turned quite choppy. Liquidity is significantly tight at this point, interest rates are on a generic basis cooling ...
STOCKS:
Query Corner: What the charts say
I hold shares of Reliance Industrial Infrastructure purchased at an average price of Rs 800 and Godrej Industries at Rs 250. Please advise me on the technical outlook for these ...
STOCK MARKETS:
Nifty futures likely to see sideways movement
Thanks to the positive global cues, the benchmark Nifty futures staged a strong recovery on Thursday and Friday. The uptrend was so strong that it led to the covering up of a good number of shorts, leaving the Nifty future to close at a ...
TRENDS:
Falling volatility indicates lower fear factor
Market observers should be surprised by the composure of the market participants in January and February this year even as the stock prices were slipping and sliding. To put it in ‘technical’ terminology, the volatility in ...
MUTUAL FUNDS:
Are tax-saving investments optimal?
March is a month for tax savers. Investors typically take exposure to equity linked savings scheme (ELSS) to lower their tax ...
MUTUAL FUNDS:
‘We weren’t comfortable with the sharp fall in yields and maintained a conservative stance’
With its income fund portfolios not going all out on long-dated gilts, Franklin Templeton Mutual Fund has, in recent months, preferred to take a much more conservative stance in its debt funds than some of its peers. Taking ...
STOCKS:
Reliance Ind
RIL recorded a sharp up-move in the last two sessions that enabled it to gain 9 per cent last week. The bullish engulfing pattern in the weekly chart and the close above Rs 1,200 makes the short-term view neutral for the stock. Although a ...
STOCKS:
Maruti Suzuki
Maruti reversed strongly from the intra week trough at Rs 639 last week. The area around Rs 636 is a good near-term support since the 21 and 50-day moving averages are present there. Short-term traders can hold their long positions as long as ...
STOCKS:
Tata Steel
Key short-term resistance for the stock is in the band between Rs 184 and Rs ...
STOCKS:
SBI
It was a good fight-back in SBI after the capitulation witnessed in the ...
STOCKS:
Infosys
The sharp rally recorded on Friday helped Infosys close the week with 6 per cent weekly gain. The stock reversed higher from the support at Rs 1,165 in line with our expectation and moved past our first target at Rs ...
STOCKS:
ONGC
ONGC moved contrary to our expectation, rallying strongly towards the resistance at Rs ...
FOREIGN INSTITUTIONAL INVESTORS:
Prominent bulk deals on NSE and BSE
...
INVESTMENTS:
‘There is a strong case for a Housing Index’
Housing Start-up Index (HSUI) — a measure of new residential projects that start in a particular period and an important economic indicator — could soon become a reality in India. Globally these indices are a ...
NEW FUND OFFER:
Taurus Ethical Fund — Shariah-compliant
Close on the heels of Benchmark Mutual Fund’s Shariah BEeS, Taurus Mutual Fund has unveiled its actively managed Taurus Ethical Fund. This open-end fund is the first actively managed product in the Indian mutual fund space that conforms ...
RECOMMENDATION:
Birla Sunlife Equity Fund: Invest
Investors can buy the units of Birla Sunlife Equity Fund (Birla Equity), considering its long-term return track record and ability to contain downsides reasonably. On a one-, three- and five-year basis, the fund has managed to outperform ...
STOCK MARKETS:
SBI SmartULIP
With market-linked products finding fewer takers, insurance companies are launching more “guaranteed” products to lure investors. The latest to join the bandwagon is SBI Life insurance with SBI Smart ULIP, a product that ...
STOCK MARKETS:
Inverted hammer and shooting star patterns
Inverted hammer and shooting star are the other reversal candlestick patterns. Earlier in our column, we had discussed in detail about the hammer and hanging man candlestick patterns. The inverted hammer pattern and the shooting star have ...
MUTUAL FUNDS:
Fund Talk
I am a senior citizen (84 years). I have invested in mutual funds (details given below). My other investments are PPF, fixed deposits in nationalised banks and RBI bonds. I also receive a pension. For the sake of liquidity, and to meet ...
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
Comments & Letters to the Editor to: bleditor@thehindu.co.in
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