MARKETS
FOREIGN INSTITUTIONAL INVESTORS:
As markets rally, retail investors dump stocks
FIIs, mutual funds spur rebound in markets since March 6. BL Research Bureau Indian stocks have been on a gravity-defying run, with the Sensex and Nifty gaining over 30 per cent in just five weeks. However, retail investors have actually been ...
OUTLOOK:
Index Outlook
Indian stocks continued their audacious climb last week and the Sensex closed with yet another hefty weekly gain. The strength in this rally will, however, be severely tested next week as the earnings announcements gather pace. But since ...
RECOMMENDATION:
Marico: Buy
Marico’s stock has been an underperformer in the FMCG pack despite the market preference for defensive stocks over the past ...
RECOMMENDATION:
Hindalco: Buy
Investors with a long-term perspective can continue to hold the Hindalco (Rs 59) stock even if the company’s near-term earnings performance is lacklustre. Hindalco’s operations have delivered reasonable growth on a standalone ...
RECOMMENDATION:
AIA Engineering: Buy
Investors can consider buying the stock of AIA Engineering, the world’s second largest manufacturer of high-chrome mill internals. Our recommendation stems from the steady demand for AIA’s products from cement companies, ...
RECOMMENDATION:
ICRA: Buy
Investors can consider accumulating the stock of Investor Information and Credit Rating Agency (ICRA). Having consistently delivered a high rate of earnings growth, ICRA is expected to manage growth at a fair clip over the next two-three ...
RECOMMENDATION:
Templeton India Growth Fund: Invest
With a near 33 per cent return over the past month, Templeton India Growth Fund is among the few equity funds to beat the Sensex in the sharp bounce-back in stock prices since early March. Returns could dwindle from these levels if the ...
STOCK MARKETS:
‘There will be a decoupled revival of Indian markets’
The risk-reward equation for investing in equities is more favourable today than it has been at anytime over the past year, says Mr Satya Narayan Bansal, CEO of Barclays Wealth. Predicting that India is set to emerge as an ...
RECOMMENDATION:
Magnum Contra: Invest
Investors can consider buying into units of Magnum Contra. The fund’s consistency in containing losses in tougher periods and ability to beat the benchmark by a good margin over a longer time frame buttress the case ...
STOCKS:
Reliance
There was no let-up in the bullish fervour on the RIL counter and the stock closed the week with a strong 4 per cent gain. It also held steadily above the 200-day moving average and moved past our first short-term target to an intra-week peak ...
STOCKS:
SBI
SBI continued to face selling pressure at higher levels. The stock could not get past the resistance band between Rs 1,200 and Rs 1,220 indicated in our previous ...
STOCKS:
Tata Steel
Tata Steel put up a strong show in the last two trading sessions of the week to close with a whopping 16 per cent ...
STOCKS:
Maruti Suzuki
Maruti Suzuki recorded an intra-week peak at Rs 829 and closed with marginal gains. The 14-day relative strength index has reached the overbought zone and negative divergence is apparent in the 10-day rate of change ...
STOCKS:
Infosys
The stock held above the 200-day moving average though it has not cleared the resistance around Rs 1,450 ...
STOCKS:
ONGC
ONGC achieved our medium-term target of Rs 920 and moved sideways thereafter. As mentioned in our previous column, target of the third wave from the Rs 637 trough is Rs ...
STOCKS:
News effect on stocks
That news flows have quite a bearing on markets cannot be disputed. Market players may assimilate all the news, but consider only some to be significant enough to affect the company’s fortunes. Which of these is significant and which ...
OUTLOOK:
Why it won’t hurt to take some profits
“It’s a recovery” - seems to be the view that an increasing number of market participants are veering towards, when commenting on the ongoing stock market rally. With a 32 per cent gain in the Sensex from its March 9 trough ...
STOCKS:
Query Corner: What the charts say
Please give your suggestion on Aurobindo Pharma and IVRCL bought close to the 2007 ...
MUTUAL FUNDS:
Beating diversifieds
Balanced Funds. Balanced funds faced the heat of melting markets, with their one-year returns in the negative territory. But the divergence between the best and the worst performing funds in the category is quite wide. While the NAV of Birla ...
STOCK MARKETS:
Abandoned baby
An uncommon reversal candlestick pattern in Japanese candlestick is abandoned baby pattern. The abandoned baby candlestick pattern construction is three candle pattern, which is similar to the morning and evening star or morning and evening ...
FOREIGN INSTITUTIONAL INVESTORS:
IFC to invest in pvt equity fund
Chennai, April 11 The International Finance Corporation plans to invest in Zephyr Peacock India Fund II, an India-dedicated private equity fund that is seeking to raise $75 ...
MUTUAL FUNDS:
Index funds: Expense ratio, tracking error are key drivers
Last week, this column discussed about why asset allocation is more important for retail portfolios than portfolio diversification. The article had stated that “… typical portfolio could have equity exposure to one low-cost index ...
STOCK MARKETS:
Nifty future may gain, but caution advised
Yet another fabulous week for the Nifty ended with the bulls striking back at the bears with a vengeance. The Nifty future closed the week at about 3355 points, gaining 4 per cent over its previous week’s close. The Nifty April futures ...
MUTUAL FUNDS:
Fund Talk
I observe that some of the mutual fund schemes in recent times are stating guaranteed NAVs in their advertisements. I have seen such advertisements from Birla Sunlife and SBI Life. How is ...
MUTUAL FUNDS:
Update
Taurus Mutual Fund has reopened its scheme Taurus Ethical Fund from April 13 for continuous sale and repurchase. Taurus Ethical Fund is an open-ended equity oriented ...
Columnists:
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Harish Bijoor
•
Ramanujam Sridhar
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S Ramesh Kumar
•
Radhika Chada
Comments & Letters to the Editor to: bleditor@thehindu.co.in
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