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Sunday, August 12, 2007
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INVESTMENT WORLD

INVESTMENTS
Some clues on global cues
If you flip to a business channel after 4 p.m. on a market day, chances are that a mysterious pair of words — Global Cues — will be flashing on the screen. “The fall in domestic stocks was on global cues arising from the ... More

NEW FUND OFFER
Update
DBS Chola Mutual has launched a three-year close-ended equity theme fund called DBS Chola Infrastructure Fund. The fund will be automatically converted into an open-ended fund after the expiry of three years from the date of allotment. ... More

INSIGHT
Outlook for Indian financial markets: Stocks up, rates down?
Domestic demand, which is the key to corporate performance, has not been dented in any serious manner. The fall in the domestic stock market now, therefore, should be taken as merely following global sentiment and used as an opportunity to buy stocks for the long-term. More

Domestic themes may help investors ride out the global volatility
Given the uncertainties relating to the external environment, investment opportunities in companies with a strong domestic focus may deliver superior risk-adjusted returns for investors. More

Frontline IT companies — Weathering a turbulent quarter
Software stocks faced a relentless sell-off on the bourses after they unveiled their first quarter earnings, with a few companies failing to meet estimates. It was a turbulent quarter for IT majors as they struggled to maintain margins amidst a 7 ... More

COMMODITIES
COMMODITY CONCEPTS
Regulation and risk management
An insight into how the market works More

MUTUAL FUNDS
Franklin India Opportunities Fund: Invest
Investment can be considered in Franklin India Opportunities Fund based on its good track record in recent years. The fund was launched at the peak of the IT boom in early 2000 as Franklin Internet Opportunities Fund. Having borne the ... More

Birla Infrastructure Fund: Hold
Investors can hold on to their units in Birla Infrastructure Fund. The fund’s performance is in line with similar theme funds. Its return of 62 per cent over the past one year is superior to the average one-year return of 44 per cent for ... More

ICICI Prudential Tax Plan: Still high on mid-caps
ICICI Prudential Tax Plan is one of the more aggressive funds in the ELSS universe and is known for actively churning its portfolio and timing stock calls based on market conditions. Even as a number of tax-savings funds have shed their ... More

Fund Talk
Rejig your portfolio only after evaluating it thoroughly and separating good investments from ones that have not lived up to their initial promise. More

STOCKS
Areva T&D: Buy
Investors with a two-three year perspective can consider adding the Areva T&D India (Areva) stock to their portfolio, as the company is likely to emerge as one of the key beneficiaries from the continued investments in the power sector. ... More

Special understanding
GMR Infrastructure has entered into an agreement withTamil Nadu Industrial Development Corporation (TIDCO) for the development of a Multi-Product Special Economic Zone (SEZ) in Krishnagiri District. The total development cost would be around ... More

Dish TV: Buy
While its competition is formidable, Dish TV’s first-mover advantage and the ability of the large Indian market to accommodate more players inspire confidence. More

Buying big
Wipro has announced that it will acquire US technology services company, Infocrossing Inc, for $18.70 per share, in an all-cash deal. The $600-million deal is till date the largest acquisition for Wipro and will be conducted by means of a ... More

KEC Intl consolidates
KEC International has announced that it will merge RPG Transmission and National Information Technologies with itself. When this three-way merger is completed, the combined entity will become a diversified infrastructure EPC global ... More

HEG: Buy
While the stock has appreciated significantly in the recent past, given the change in business mix there appears scope for long-term growth. More

Wins contract
Ahluwalia Contracts has received letter of intent (LoI) for construction contract of “Commonwealth Games 2010 Village Residential project”. The estimated project value is Rs 688 crore and expected to be completed by December 2009. ... More

TECHNICAL ANALYSIS
Query Corner
Reliance Natural Resources (Rs 46.3): Since RNRL was listed in March 2006, the stock does not have adequate data to help us form an opinion for the long-term. The immediate term outlook is positive until the stock trades above Rs 38. It ... More

Reliance
RIL bounced off the 50- DMA once more on Monday and staged a rally to an intra day peak of Rs 1,911. But the stock could not close beyond the resistance at Rs 1,875. The evening star reversal pattern in the weekly charts continues to hold good. ... More

SBI
SBI started the week on a thunderous note, racing to the peak of Rs 1,745. But the plunge thereafter has made the stock record a 2 per cent weekly loss. Daily momentum indicators have not turned overtly negative though weekly momentum ... More

Tata Steel
Tata Steel struggled to hold its intra-day highs as indicated by the four red candles last week. Yet another doji in the weekly chart indicates that the stock is in the second leg of the correction that began from the peak at Rs 731. ... More

Infosys
Despite the mid-week gyrations, the outlook for Infosys continues to be negative. The stock has the immediate resistance at Rs 2,044 and then at Rs 2,100. As we have been re-iterating, investors should wait for a close above Rs 2,100 before ... More

Bharti Airtel
Bharti Airtel reversed from our first target last week and has closed the week on a very negative note. The stock has moved below the 50-day moving average as well as the intermediate term trend line. A close above Rs 864 is required to ... More

ONGC
ONGC followed our script very closely last week, reversing from an intra-week high of Rs 905 to fall to our first down-side target at Rs 840. Though the weekly close below the long-term moving averages and the bearish engulfing candle are ... More

Index Outlook
Markets were fixated on the sub-prime contagion last week, rising euphorically on the slightest indication that it had abated and tanking miserably when the issue reasserted itself. The mild 2 per cent loss in the Sensex does not reflect the ... More

CARS
Let the sun in minus the heat
The only way to improve air-conditioner performance and, at the same time, not block out natural daylight, is to use transparent, heat-control films. More

TWO/THREE WHEELERS
Bajaj Pulsar 220 DTS-Fi — Injecting power and passion into your ride
Pulsar 220 DTS-Fi, Bajaj’s first fuel injected bike, has what it will take to be at the top of the performance bikes segment. The long list of unique and futuristic features it comes with should leave bike enthusiasts’ hearts racing. More

LIFE INSURANCE
PRODUCT PRIMER
TATA AIG Invest Assure Gold
TATA AIG Life Insurance has recently launched Whole Life Unit Linked Insurance Plan Invest Assure Gold. A look at the salient features of the product.Insurance cover: The initial sum assured is a multiple of the regular premium ... More

STOCK MARKETS
Playing with words
Psychologists have shown that our reaction is dependent on how a situation is explained to us — positive words draw positive response while negative words have negative response. A friend who runs an investment boutique has understood ... More

Baskets of X
More

Axis Bank: Pricey, yet promising
Solid financial performance, niche positioning and a strategically-driven management make the stock an attractive option. More

Bull's Eye
More

Prominent bulk deals on NSE & BSE
More

Trader's Corner
We have discussed the relevance of trend in technical analysis in many of our previous columns. While the trend helps us to identify the direction in which the stock is moving, channelling the trend would tell us where the stock is positioned ... More

STOCK TAKES
Six-lanes to power growth
The approval of six-laning of four sections of the existing four-lane National Highways is likely to convert into more order inflows for select infrastructure companies. The Government recently approved an investment of Rs 5,611 crore for ... More

What’s ahead
The subprime mortgage crisis remains the ‘prime’ concern for global markets. The Indian markets too are going to track the movements on the global front. The undercurrent is definitely cautious as the Sensex posted third straight ... More

DERIVATIVES MARKETS
Nifty may rebound partially
More

INTERVIEW
Infrastructure stocks still attractive on PEG
More

INCOME TAX
Tax-free gift from wife
My wife, prior to her marriage with me, purchased Ranbaxy shares about 25 years ago in her maiden name. Last year she had these shares transferred to her married name and thereafter gifted the same to me. I sold the shares ... More

PEOPLE
Investment Nuggets
Peter Lynch, who managed the Fidelity Magellan Fund from 1977 to 1990, is regarded as one of the most successful fund managers in America. Lynch’s books, One up on Wall Street and Beating the Street express his investment ... More

BOOKS
Hedge funds demystified
Below the prime credit world are subprime mortgages, writes Robert Sherak in an essay included in ‘Hedge Fund & Investment Management’, edited by Izzy Nelken (More


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Union Budget 2007-08

Railway Budget 2007-2008

Economic Survey 2006-2007

Top Stories
Outlook for Indian financial markets: Stocks up, rates down?

Nifty may rebound partially

Query Corner

Infrastructure stocks still attractive on PEG

Domestic themes may help investors ride out the global volatility

Bajaj Pulsar 220 DTS-Fi — Injecting power and passion into your ride

Looking back
Aug. 5-Aug. 11
Nifty continues in uncertain terrain

Take stock of the markets

Role of margin money

Bullish on emerging markets

Query Corner

Sonata Embera diesel automatic — Half the effort, twice the fun


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