INVESTMENT WORLD
STOCKS
Idea Cellular: Buy
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Mahindra & Mahindra: Buy
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INSIGHT
FOLLOW THE MONEY
Asia hopes for relief on liquidity issues
The weekly report on reserve balances showed that US Federal Reserve has lent over $48 billion in the first three days of last week to 20 primary dealers in the US markets. Top investment banks, with the exception of Bear Stearns that had ...
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Caught in the Bear’s grip
Investing in stocks is not as simple and straightforward a game as it seems. That lesson was driven home yet again last week when the stock market trembled from the aftershocks of the spectacular collapse of US securities firm Bear Stearns. ...
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Some myths about wealth creation
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INVESTMENT BANKING
TOP OF MIND
Of Bears and broken markets
Bear Stearns (BS) may well go down in Wall Street history. Not for the right reasons though. By now, most of us may be able to relate the recent happenings in investment banking to ‘sub-prime’ woes in the US. But what exactly led ...
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MUTUAL FUNDS
DSP ML Top 100 Equity Fund: Buy
The sweeping correction in stock prices has seen the BSE Sensex and the BSE 500 shed about 29 per cent and 35 per cent from their respective peak values till date. For investors seeking to build or to augment their equity portfolio, this may ...
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Sundaram BNP Paribas Select Midcap — Favouring fertilisers
Large-cap stocks have borne the brunt of the steep market corrections. Some mid-cap and small stocks too have lost heavily in the last two months. We take a look at a pure mid-cap fund, how it has re-shuffled its portfolio during the ...
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Reliance Vision: Invest
Investors wishing to take advantage of recent market declines to build an equity portfolio can buy units of Reliance Vision Fund, considering its good long-term track record. The fund’s large-cap focus may make it better placed to tide ...
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Franklin India Taxshield: Invest
Conservative investors looking for tax saving options in the equity space can consider investing in Franklin India Taxshield. While the fund’s one-year return of 19.3 per cent does not place it among the top performing funds in the ELSS ...
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Market View
The crisis that came to the fore via the sub-prime debacle has enveloped several parts of the credit market. Just in the past month, at least three more parts of the credit market have joined the woes party now inflicting significant damage ...
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Fund Talk
I’m a 31-year-old salaried person. I have the following investments: Birla Sunlife Tax Relief 96, DSPML T.I.G.E.R, Franklin India Flexicap, Franklin Opportunities, ICICI Pru Dynamic, Kotak Tax Saver, Magnum Taxgain, Reliance ...
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Update
Kotak Mahindra Mutual Fund has declared a 40 per cent dividend (Rs 4 per unit on a face value of Rs 10) under its dividend option in Kotak Balance. The record date is March 25. Principal Mutual Fund ...
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PETROLEUM
Buying tomorrow
Cairn India has arranged a private placement of Rs 2,535 crore after entering an agreement with Petronas and Orient Global Tamarind Fund. Investors have agreed to purchase 11.3 crore shares of Cairn at Rs 224.30 per share. The net proceeds ...
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TECHNICAL ANALYSIS
Query corner
Please let me know the outlook for Oriental Bank of Commerce bought at Rs 250 and Indian Hotels at Rs 120. EaswarOriental Bank of Commerce (Rs 161.7): OBC is in a long-term bull ...
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Index Outlook
The Sensex, which was already reeling on the brink, collapsed below the 15000 threshold on receiving a facer from Bear Stearns last Monday. The blow sent the index to an intra week low at 14677.2 before it managed a feeble recovery to end the ...
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Reliance
RIL took one more step lower last week but it is still above the short-term support at Rs 2,120. The near-term outlook for the stock stays negative. It is likely to move lower to Rs 2,030 or even Rs 1,900 in the near-term. The ...
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SBI
This stock declined to our short-term target and closed with a 6 per cent loss for the week. Oscillators in the daily chart have reached over-sold levels but there are no convincing reversal signals yet. SBI made no attempt to move above the ...
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Tata Steel
Tata Steel took a decisive step lower and closed with a 11 per cent loss last week. It is now certain that the stock is charting the C wave of the down-move that began from the January peak. The medium-term targets as per this count are ...
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Infosys
Infosys moved in a very narrow band between Rs 1,300 and Rs 1,400 last week. The near-term outlook stays negative. The stock could move lower to Rs 1,217 and then Rs 1,122 in the near future. Though the long-term trend in the ...
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Bharti Airtel
This stock recorded an intra week low at Rs 706.7 on Monday before staging a turnaround. Bharti Airtel has key long-term support at Rs 700 since this is the 50 per cent retracement level for the move recorded between June 2006 and October ...
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Satyam Computers
This stock moved higher on Wednesday to end the week on a positive note. The short-term resistance levels stay at Rs 400 and then Rs 415. Though the daily oscillators are signalling a buy, the weekly indicators continue to be weak implying ...
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Trader's corner
Some tools in technical analysis appear so simple that they are dismissed by most after a cursory glance. ‘Andrew’s pitchfork’ is one such tool that does not receive the attention that it deserves. This technical tool was ...
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RADIO/TV
Zee Entertainment: Buy
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Is channel-surfing sub-optimal?
Sometime back, I decided to watch a movie at home, as my daughter, who normally exerts her individuality when it comes to TV time, was sleeping. I ended up channel-surfing! The realisation that I was surfing channels made me wonder as to why I ...
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CARS
Swift hatch morphs into DZire-able sedan
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Question & Auto
How do airbags work? How many varieties are there? Are all airbags the same and perform similarly — from the ones in a Mercedes Benz to the ones in a Suzuki Swift ZXi? Why aren’t all cars in India fitted with airbags as ...
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SOFTWARE
Tech critical
Tech Mahindra announced the signing of a five-year deal valued in excess of $350 million to provide BT with application maintenance and support services for their business critical BSS and OSS applications and platforms. ...
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STOCK MARKETS
Shorting against the box: Strategy for minimising loss-aversion cost
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Also in exit mode?
With the Bear Stearns issue having churned up the markets, bulk and block deals data from the two exchanges will continue to hold cues to further distress sales by troubled foreign investors. But with most of the big global names in i-banking ...
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Bull's Eye
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Prominent block deals on NSE & BSE
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Baskets of X
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What’s ahead
The week may hold bouts of volatility as the expiry of March 2008 derivative contracts is scheduled for Thursday, March 27. Cues might be taken from the rollover data as India Inc. is slated to deliver March quarter results. While advance tax ...
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DERIVATIVES MARKETS
Nifty future rules near critical support
Due to the sharp fall on Monday, the Nifty ended the three-day week down by 3.62 per cent. The Nifty March future closed at 4572.70 against the spot price close of 4573.95, while the Nifty April future closed with a wider discount at 4552.90. ...
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HUMAN RESOURCES
What’s on paper… and what ends up in your pocket
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INTERVIEW
Insurance and investment — A plan that packs both
How should one evaluate ULIPs (unit-linked insurance plans)? In an e-mail interview with Business Line, Mr Vikram Kotak, CIO, Birla Sun Life Insurance (BSLI), makes a case for investing in ULIPs. He also sheds light ...
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RAILWAYS
Funding needs
Shareholders of Kalindee Rail Nirman Engineers have approved raising of Rs 150 crore through qualified institutional placement route. They have also given their nod to raise another Rs 72 crore by way of issue of convertible equity warrants to ...
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INCOME TAX
Is gift to daughter taxable?
I wish to gift my daughter, who is getting married, a car worth Rs 6 lakh . Can I use the money drawn from my provident fund for the marriage expenses? Will the gift attract tax? — AmbikaThe car ...
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IPOS
Titagarh Wagons: Invest at lower end
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BOOKS
Stir out of comfort zone
Individualism, isolation and inactivity. Break out of this ‘I’ problem and adopt the ‘S’ solution, advises Jennifer Openshaw in ‘The Millionaire Zone: Seven Winning Steps to a Seven-Figure ...
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