Our macro call on the economy continues to be positive and corporate profit growth remains robust. We have adjusted our portfolios (by reducing the cash levels) to capture the corporate earnings performance during the March ...
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Know all about ULIPs
A look at the types of Unit Linked Insurance Plans, how they work, and what the subscriber ought to look out for.
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What to check out
Every individual needs to ask his/her advisor the following questions before investing in a ULIP. What are the total expenses charged? If an individual is keen on making money through ULIPs, it is important to know the various ...
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Fund Talk
Even four or five funds offer sufficient diversification benefits to shield your portfolio from poor performance in one sector or stock.
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Update
SBI Mutual Fund has announced that it has extended the closing date of SBI Infrastructure Fund -Series I by three days to June 11. The three-year close-ended equity fund opened for subscription on May 11. ABN AMRO Asset Management ...
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STOCKS
Everest Kanto: Book profits
Investors with a medium-term perspective can consider booking profits on at least a part of their holdings in the stock of Everest Kanto Cylinders (EKC), a leading player in the manufacture of seamless steel gas cylinders. At current market ...
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In the works
L&T has received a letter of intent from ENOC Processing Company LLC of Dubai for the mechanical erection work of the new process plants of the latter's naphtha project. The contract is worth about $51 million (approximately Rs 206 ...
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Green signal
Alstom Projects India-led consortium has bagged a contract worth Rs 255 crore from the Delhi Metro Rail Corporation for the design, manufacture, supply, installation and commissioning of train control and signalling ...
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In the pipeline
Hindustan Constructions has bagged a Rs 328-crore order for laying water pipeline under the Rajiv Sagar Lift Irrigation Project in Andhra Pradesh and a Rs 168-crore order for civil structures from Tata ...
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All in cash
Amtek Auto has acquired the entire assets of the UK-based JL French's (Witham) for $35 million (Rs 143 crore), in an all-cash ...
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What's ahead?
With the DLF IPO opening next week, subscription numbers will be closely watched for cues on valuations relating to other listed realty stocks. Amara Raja Batteries, Power Finance Corporation, Rajesh Exports, Shipping Corporation and ...
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TECHNICAL ANALYSIS
Query Corner
Can you shed light on the prospects of Megasoft and Gwalior Chemicals? Paresh Kapadia Megasoft (Rs 129.4): Megasoft has recorded a long-term peak at Rs 205 in May 2006. The correction that ensued eroded 50 per cent of the ...
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Trader's Corner
The second tenet of technical analysis is that `price discounts everything'. To accept this tenet, one needs to spend at least a few years poring over the industries and companies' performance data, trying to correlate the stock price moves to ...
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Index Outlook
The insuperable air sported by Sensex at the end of last week gave way to uncertainty as it was swept lower along with the rest of the global indices. Market derives this vicious pleasure in reversing only after it has lured in as many naïve ...
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Reliance
The evening star pattern on the weekly chart of Reliance Industries is signalling the completion of a five-wave move from the low at Rs 1,262. The short-term target for the stock is Rs 1,580. Since the 50-day moving average is positioned just ...
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SBI
The stock raced past our first target to record a high of Rs 1,455. But the bearish engulfing candle in the daily chart signals the commencement of a short-term down trend. Friday's low of Rs 1,332 is the immediate support. A bounce back from ...
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Tata Steel
The stock closed the week with an 8 per cent loss. This down-move is the correction of the rally recorded since March. The silver lining is that 30 per cent retracement of this up-move has already been completed. The stock could stabilise ...
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Infosys
The scrip was relatively unscathed by last week's turmoil. The under-performance over the past three months could have acted as a shield. The stock is precariously hanging on to the support at Rs 1,900. We continue to believe that the stock is ...
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ACC
The move below Rs 830 in ACC proved beyond doubt that the sideways move since May was a terminal corrective. The stock is poised at its intermediate term support of Rs 768. A step lower will mean that the up-move since April was the second leg ...
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ONGC
ONGC moved lower, in line with our expectation and halted at an intra-week low of Rs 842. The 200 DMA at Rs 850 is also supporting the stock at current levels. There can be a short-term bounce that takes the stock higher to Rs 898 or Rs 932. ...
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CARS
Will this Chevy provide the Spark for GM?
A cursory glance at the new Chevy Spark may remind one of the Daewoo Matiz, but except for the overall monoform resemblance, there is pretty much nothing that has been carried forward from the Matiz.
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Capacity constraints could be a speed breaker
GM's future strategy for the Indian market hinges on the success of the Chevy Spark. With the Spark, GM has had an excellent entry into the high volume small car segment. The Chevrolet brand couldn't have gotten itself a better ambassador. For ...
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TWO/THREE WHEELERS
A new Achiever
Bike market leader Hero Honda has been strengthening its portfolio of performance bikes the last few months. After launching the face-lifted Karizma and the CBZ X-treme, it is now the turn of the Achiever to pay a visit to the makeover ...
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ECONOMICS
A method in the madness
Bangalore is a "Garden City". It is better known these days for its air pollution, traffic congestions and for its software companies. It is amazing how the city thrives amid chaos. There seems to be some pattern in the madness. You could go to ...
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STOCK MARKETS
Prominent bulk deals on NSE & BSE
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CALL CENTRE
Of filters and barriers
A circuit filter is an upper/lower limit imposed on the price movement of a stock during a trading day. This is done to limit the erosion or appreciation in value that an investor is likely to experience on a particular day. Once the circuit ...
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Bull's Eye
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Baskets of X
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COMMODITY MARKETS
COMMODITY CONCEPTS
The role of information
As a nation, we need to strengthen our system of data collection, collation, analysis and dissemination.
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DERIVATIVES MARKETS
Nifty future may trade in tight band
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INTERVIEW
`Hedge fund managers often help prevent market risks'
In reality, hedge funds provide insurance against market shocks by providing price discovery and liquidity. — MR JOHN G. GAINE, PRESIDENT, MANAGED FUNDS ASSOCIATION, US
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`We will focus on rapid growth companies'
In a rapidly growing economy, a `growth style' might deliver better returns, albeit with higher volatility. K. N. SIVASUBRAMANIAN, SENIOR PORTFOLIO MANAGER, FRANKLIN TEMPLETON
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INCOME TAX
Notice pay reimbursement comes at a price
I worked for two companies in the previous year, 2006-07. The first company required me to give a notice pay when I wanted to move to the second company. The first company did not allow the notice pay as a deduction in computing the TDS ...
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IPOS
DLF: Invest at cut-off
DLF's well-rounded business is likely to place it among the top-tier real-estate players in India. However, the stiff offer pricing makes it suitable only for investors with a higher risk appetite.
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Vishal Retail: Invest at cut-off
Strong growth potential in smaller towns and reasonable valuations offer potential for upside in the medium term.
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PEOPLE
Money Talk
Sam Ghosh, CEO of Bajaj Allianz Life Insurance Company, talks of his personal investment decisions and has useful advice to offer on how young investors should choose their insurance plan. Which was your first investment, at what ...
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BOOKS
Starting point for company research
Maximum analysis in a succinct manner is what `Ready Reckoner of Leading Listed Companies' from Global Data Services of India Ltd offers once again in the latest edition. "The book is targeted at investors, who can look at the numbers at ...
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