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Sunday, September 24, 2006
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INVESTMENT WORLD

INSIGHT
Debt funds that help you take the plunge
With fixed maturity plans now positioned to attract retail investors too, funds have also lined up a slew of capital protection products, which they hope will succeed in drawing the conformist investor. More

ECONOMY
COUNTERPOINT
Amaranth blow-out
A US hedge fund Amaranth Advisors has imploded after making a bad bet on natural gas, losing about $6 billion (out of assets worth $9 billion). Amaranth Advisors said its losses swelled by $1.4 billion this week because the firm had to unload ... More

MUTUAL FUNDS
UTI Mahila Unit Scheme: Invest
Despite its conservative allocation to equity, the fund has outperformed its peers by a considerable margin. More

PruICICI Dynamic Plan — Stronger on petro, power
PruICICI Dynamic Plan is an open-ended scheme with a rare mandate to invest 100 per cent of its funds either in equity or in debt. The strategy to invest will be based solely on the discretion of the fund manager without any prior information to ... More

HSBC Equity Fund: Hold
Unitholders can retain their investments in HSBC Equity Fund, which has just managed to beat the diversified funds average by a percentage point for the past year. Even better, its three-year return is higher than the benchmark BSE-200 by six ... More

Update
HDFC Mutual Fund has advanced the closure of the new fund offer of HDFC FMP 13M September 2006 (1) by seven days. The fund now closes on September 27 instead of October 4. As there are no significant distribution or marketing ... More

Fund Talk
By reverse mortgaging my residence, valued at Rs 2 crore, I want to get Rs 20,000 per month for ten years from now, of which I will invest Rs15,000 or Rs 16,000 a month in funds (SIP route) such as HDFC TaxSaver, SBI Magnum Taxgain, Sundaram ... More

Market View
Although the Sensex has recovered a large part of the fall, the broader market has not recovered to a similar extent. The markets are trading at reasonable valuations and returns are likely to trail earnings growth over the medium ... More

STOCKS
BASF India: Buy
Investors can consider taking exposures in the stock of BASF India, which trades at about 12 times its expected FY07 earnings. Volume growth of consumer durables, expansion in the textile sector and the Government's thrust on agriculture would ... More

Zensar Technologies: Buy
Robust growth prospects, broad-based revenue stream, long-standing customer relationships, and good client wins in recent months are positives More

TECHNICAL ANALYSIS
Nifty in volatile zone
Negative outlook for Tata Motors More

Index Outlook
Indian markets are in an indefatigable mood. Though the Sensex grappled with the psychological resistance at 12000 in the first half of the week, it went on to end the week with a gain of 1.8 per cent. A parallel can be drawn between the rise ... More

Query corner
Please let me know the short- and long-term prospects for Voltas. Keshav Voltas (Rs 111.1): The stock slipped from a high of Rs 111 in May to touch a low of Rs 63.5 in July. The price is once more nudging this May high. ... More

Reliance
This stock moved in line with our expectation, consolidating in a narrow band between Rs 1,150 and Rs 1,100 last week. There was an improvement in the volumes towards the later part of last week. The oscillators in the daily chart, too, are ... More

SBI
The stock hit a high of Rs 999.8 on Monday before weakening slightly to an intra-week low of Rs 965. We have the first red candle on the weekly chart since its July low of Rs 684. This stock is losing momentum in the short term. But, the ... More

Tata Steel
The stock is testing everyone's patience by religiously sticking to its trading range between Rs 540 and Rs 500. It stepped briefly out of this range in the early part of last week to hit a low of Rs 485 before recovering. The stock has ... More

Infosys
The stock did not get past the resistance at Rs 1,850 last week. Nor did it weaken as per our expectation. It is consolidating in a sideways band, which looks bullish from a short-term perspective. The short-term targets on the upside are Rs ... More

ACC
The uptrend continues unabated; the price moved past our first target of Rs 974 to hit a weekly high of Rs 982. The short-term outlook is still positive and the price can move towards our next target of Rs 1,002 and then Rs 1,020. Traders can ... More

ONGC
The stock stayed in the sideways band between Rs 1,150 and Rs 1,250 for yet another week. It is always difficult to determine if a sideways move in a chart is a consolidation or a terminal distribution pattern. Lack of volumes and sell signals ... More

Trader's corner
For a day trader, each trading day is war. But this is a war that a trader wages with himself. Just as a general with a detailed plan of action eventually wins the war, the more the preparation that is put in prior to the commencement of the ... More

Tech Tools
I am a regular reader of your articles on technical analysis. I have read books on market momentum, candlesticks and others but I still feel that something is missing in full study. I use various indicators like RSI, ADX, Parabolic SAR, and ... More

CARS
Flagging in BMW's winning Series
Going in for a new luxury sedan? Hold on. BMW's 3 Series and 5 Series sedans are to hit Indian roads next year. Cars that are expected to redefine the performance and luxury standards of sedans in the country. More

iDrive: Controls at fingertips
The large, aluminium finished knob of the iDrive allows the driver access to and control of nearly a hundred different functions, by just pushing the controller up or down or from one side to another. More

The exciting new X5
A sneak-peek at the next generation X5, BMW's sports activity vehicle. More

STOCK MARKETS
Trading vs Gambling
Consider this. One of my friends dabbled in the stock market for sometime. He later said that he was not surprised that he lost a lot of money in the market! Trading in the market was like gambling, he said. ... More

Bull's Eye
More

Baskets of X
More

Options guide
Call option: A call option gives the buyer `the right but not the obligation' to buy the stock at a specified price on a future date. Put option: A put option gives the buyer `the right but not the obligation' to sell a stock ... More

INTERVIEW
Participatory Notes to stay for now
In the current year I am committed to reducing the fiscal deficit by 0.3 per cent and the revenue deficit by 0.5 per cent and we will stick to that target. MR P. CHIDAMBARAM, FINANCE MINISTER More

ROADWAYS
New policy for road contracts
The delay in awarding contracts for road projects under the public-private partnership (PPP) model following the Government's decision to introduce new rules for such contracts may further dampen market sentiment in construction stocks. Companies ... More

INCOME TAX
A find that is not in the net
When I was dining at a restaurant, I found a pouch and took it home. It contained Rs 3,25,000. I have placed an advertisement in the newspapers, but there have been no claimants so far. I have not deposited the money into my bank account. ... More

IPOS
Minar International: Avoid
Higher value-addition could lead to superior profitability and earnings growth. The company, however, lacks experience in running a fully integrated unit. The expansion costs could put a strain on earnings growth. More

JHS Svendgaard Laboratories : Invest at cut-off
JHS is set to gain from contract manufacturing orders from retailers, who are increasing the shelf space allocated to their own brands or private labels. More

FIEM Industries: Avoid
FIEM's client concentration and stiff pricing compel us to adopt a cautious view on its initial public offering More

Gayatri Projects: Invest
The valuations are comparable to that of its listed peers and, hence, may not command substantial listing premium. More

RIGHTS ISSUE
Hindustan Oil Exploration: Invest
HOEC needs to add to its reserves substantially for the stock to graduate to the next level. More

BOOKS
Light on candlesticks
Many terms used in candlestick method are battle oriented More






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Top Stories
Debt funds that help you take the plunge

Hindustan Oil Exploration: Invest

Index Outlook

Flagging in BMW's winning Series

Nifty in volatile zone

Participatory Notes to stay for now

Looking back
Sep. 17-Sep. 23
By the letter and spirit of prospectus

IDBI-United Western Bank merger
Advantage, branch and rural roots


Premium colours for the new Indigos

Nifty may remain in a tight range

The story from 12K to 12K...


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