The Hindu Business Line : Sunday, April 27, 2008

ECONOMY
What’s ahead
Investors would do well to keep an eye on April 29, when the Reserve Bank of India discusses its Annual Monetary Policy. High inflation remains a concern and it would not be a surprise to see a rate hike. Stocks of ICICI Bank, Essar Oil ... More

MUTUAL FUNDS
Birla Top 100 Fund: Hold
Investors can retain their holdings in Birla Top 100 Fund. The fund has underperformed the benchmark S&P CNX Nifty and the category average sharply over a one-year period and since its inception as well. Large cap focussed peers ... More

ABN AMRO Opportunities Fund: IT out of favour, oil in
In highly volatile markets, if a fund has the flexibility to invest across market capitalisations, it has an edge over diversified, cap-specific funds. If a fund has a mandate to take a concentrated exposure, it has an advantage in markets ... More

NEW FUND ON THE BLOCK
ICICI Pru Focussed Equity Fund: Large-cap expectations
With funds such as Emerging STAR, Discovery and the Fusion series in its portfolio of products, ICICI Prudential Mutual Fund has had a strong tilt towards mid-cap stocks in its fund portfolios. Of the equity funds in its fold, ICICI Pru Growth ... More

Fund Talk
I am a 26-year-old professional. I have been investing in mutual funds for the last three years. Unfortunately, I have accumulated more than the desirable number of funds. Kindly help me build a good portfolio for long term. I ... More

Update
SBI Mutual Fund has revised the asset allocation of SBI Magnum Midcap Fund. As per the revision, the fund house has increased the investment limit in the stocks other than the midcaps companies from the present 10 per cent to ... More

Market View
The monetary easing in the United States all of last year was benefiting emerging market stocks in particular. This was consistent with the classic late-cycle story of liquidity chasing an increasingly limited number of opportunities, thereby ... More

STOCKS
Nicholas Piramal: Buy
Investors with a 12-month perspective should consider buying shares of Nicholas Piramal, a leading pharma company engaged in custom manufacturing drugs for Western companies and selling branded formulations in India. It is one of the top ... More

HCL Technologies: Buy
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Zee News: Hold
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PSL: Buy
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Key capacities
Ambuja Cements has earmarked a total outlay of Rs 3,500 crore for capacity expansion projects which will increase its cement capacity to 25 million tonnes by the second half of 2009. ... More

Exit button
E.I.D. Parry India has decided to sell its stake in the Parryware Roca joint venture to its partner, Roca of Spain. Its board has decided to sell the 47 per cent stake it holds in the 50:50 JV for Euros 112 million (Rs 725 ... More

Record date
Reliance Power announced that the bonus shares will be issued to those shareholders whose names appear in the Register of Members as at the end of the close of business hours on June ... More

Making waves
Reliance Communications through its division, Reliance Infocom BV, has acquired a controlling stake in eWave World, a UK-headquartered telco focused on wireless telephony services using the WiMAX technology ... More

TECHNICAL ANALYSIS
Query Corner
Please give your advice on Deccan Aviation bought at Rs 142 for medium and long term. Rajesh Mishra Deccan Aviation (Rs 135.8): The crash in the stock price of Deccan Aviation was as ... More

Reliance
The quandary in RIL remains unresolved. The stock did not move beyond the resistance at Rs 2,700 indicated last week but gently slid towards our short-term support at Rs 2,550. Traders can hold their long positions with a stop at Rs 2,540. The ... More

Index Outlook
There is something about May. The approach of the sweltering month with soaring mercury levels appears to bring a feeling of unease among the stock market fraternity, probably incited by thoughts of the mayhem in May 2004 and 2006. The ... More

SBI
SBI continued to surprise with its resilience. The stock moved higher despite the extremely negative medium-term pattern. The current short-term up-move can take the stock higher to Rs 1,844 or Rs 1,880. Short-term traders can book partial ... More

Tata Steel
The stock spiked higher last week, in line with our expectation and recorded an intra week peak at Rs 805.The current up-move appears to have sufficient momentum to take the price to Rs 815 or Rs 840 in the near-term. But a sideways move ... More

Infosys
The scrip spent the week in a quiet consolidating move following the sharp spurt in the previous week. Short-term traders can hold their long positions with a stop at Rs 1,590. The next support for the week would be at Rs 1,520. ... More

Making sense of some key technical indicators
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Unitech
This stock recorded an intra week peak at Rs 290, in line with our expectation. The targets for the third leg of the move from Rs 245 trough are Rs 306 and then Rs 336. Since these levels coincide with the 50- and 200- day moving averages, ... More

Reliance Energy
This stock moved in an extremely narrow range between Rs 1,300 and Rs 1,400 last week. The stock appears ready to move higher to test the resistance band between Rs 1,400 and Rs 1,500, indicated last week. Short-term traders can hold the stock ... More

Tech School
We considered a few aspects relating to the trend line in our previous class. To add value to this tool, another line is drawn parallel to the trend line that joins the peaks in the up trend and the troughs in the down trend. The result is the ... More

CARS
Feeling the heat
The shares of Maruti Suzuki, one of the better picks in the auto sector, fell 3.25 per cent on April 24, when the company announced its fourth quarter results. The company’s top-line showed a small 7.5 per cent growth compared to the same ... More

REAL ESTATE & CONSTRUCTION
GROUND REALITIES
Welcome REMFs

The notification of the amended guidelines for real estate mutual funds (REMFs) by the Securities and Exchange Board of India (SEBI) enabling the launch of these funds presents multiple benefits, including enhancing the liquidity ... More

To buy or not to buy…
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IT space lease hit by surplus
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GENERAL INSURANCE
Secure your bottomline too — not just your assets
A factory is gutted in a fire. The property loss, not being substantial, was quickly recovered as it was insured; but the owner never really recovered from the accident. During the several months that he took to re-build the factory, arrange ... More

ECONOMICS
Jumping traffic
Picture this. Your car is caught in a long line-up at a traffic signal in a narrow street. Would you jump into the opposite lane and drive to the front, quite oblivious to the incoming traffic? If yes, you are as self-centred as most of us are ... More

STOCK MARKETS
Bull's Eye
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Macro concerns for emerging markets
It’s hard being an investor in emerging market stocks these days. Core food prices are up, oil showing no signs of slowing down and foreign investors are hesitant to resume buying their favourite stocks in these markets. Plus, ... More

Prominent bulk deals on NSE & BSE
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Baskets of X
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DERIVATIVES MARKETS
Some profitable strategies for options traders
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Rally likely to sustain
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Short straddles and strangles
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INCOME TAX
Deductions on partly let house
My aunt works for a private company and earns a monthly salary of around Rs 30,000. While she owns a two-bed room flat at Mumbai, she has also let out a portion of her flat and gets a rental income of Rs 5,000 per month. ... More

BOOKS
Eliminate the ‘what if’ worry
Five words that can literally change your life forever, according to David A. Shiang, are: “You cannot affect the future.” The only future outcome that can occur is the outcome that will occur, he writes in ‘God ... More