The Hindu Business Line : Sunday, July 13, 2008

INSIGHT: Make high interest rates work for you
Rising inflation and spiralling interest rates have infused a big dose of uncertainty into the outlook for stocks and made them lurch wildly between one trading session and another. But these very factors present a window of opportunity for debt ...

INVESTMENTS: Play defensive in a volatile market
Are you stuck in an investing rut? After all, although you have a sizeable portfolio of stocks, you have just seen a good 40-70 per cent of your portfolio value eroded over the last six months. Your financial advisor tells you to stay ...

REAL ESTATE & CONSTRUCTION: Developers cutting out frills
Developers resigned to the increasing costs of construction are now hoping to save on expenditure to protect their margins. The easy option of passing on additional costs to the buyers is now not available in the face of slow sales of ...

PHARMACEUTICALS: Pharma alliances, a shot in the arm
The loss of Ranbaxy to a Japanese predator may be a bitter pill for corporate India to swallow, with the country growing accustomed to the idea of its leading companies, from Tata to Reliance, being global acquirers. But the deal signals further ...

TECHNICAL ANALYSIS: Reliance Infra
Reliance Infrastructure moved higher past our short-term target at Rs 850, but the trading was extremely volatile last week. The sharp reversal on Friday can pull the stock lower towards Rs 740 or Rs 660 in the near-term. Short-term traders ...

TECHNICAL ANALYSIS: Reliance
Reliance Industries moved in an extremely narrow band between Rs 2,000 and Rs 2,100 last week. The odd intra-day decline below Rs 2,000 could not sustain due to buying interest at those levels. The stock has completed a five-wave move from Rs ...

TECHNICAL ANALYSIS: SBI
This stock sustained above the key long-term support at Rs 1,000 and moved higher to achieve our short-term target at Rs 1,260. ...

TECHNICAL ANALYSIS: Infosys
This stock recorded a sharp reversal on Friday forming a bearish engulfing candle in the daily chart. This move has also made the stock close below both the 200 and 50-day moving averages and also below the key medium-term support at Rs 1,700. ...

TECHNICAL ANALYSIS: Tata Steel
Tata Steel did not decline below the key long-term support at Rs 600; recovering from an intra-week trough at Rs 631. ...

TECHNICAL ANALYSIS: Unitech
Unitech moved in a very narrow range between Rs 155 and Rs 175 for yet another ...

STOCK MARKETS: Prominent bulk deals on NSE & BSE

INTERVIEW: ‘We will not take any aggressive credit calls’
Bharti Axa Investment Managers has made its foray into the domestic mutual fund industry with the launch of two fixed income funds — Bharti AXA Liquid Fund & Bharti AXA Treasury Plus. In an interview with Business Line, ...

TAXATION: Double pension tax liability
My mother is a retired government employee and is drawing her superannuation pension. After the death of my father, who was also a government employee, my mother is receiving the family pension. ...

TECHNICAL ANALYSIS: Query Corner
I have bought Himachal Futuristic Communications at Rs 25. Shall I exit the stock or buy more to average? ...

BOOKS: Mind your money
Pull a currency note out of your wallet and take a good look at it, because you can actually see the story of your own life unfold before your eyes, says Suresh Padmanabhan in ‘I Love… Money’ (
TECHNICAL ANALYSIS: Index Outlook
The Sensex withstood the political turmoil caused by the Left parties’ withdrawal of support to the Central Government remarkably well in the early part of the week. But it buckled under the barrage of negative reports from the economy ...

STOCKS: Welspun Gujarat Stahl: Buy
Investors with at least a two-year perspective can buy the stock of Welspun Gujarat Stahl Rohren, a leading manufacturer of steel pipes in the country. ...

GENERAL INSURANCE: Jargon busting personal accident insurance
We see newspapers constantly carrying headlines about one accident or the other. ...

REAL ESTATE & CONSTRUCTION: Pune bucks the trend
At the end of May, the Magarpatta Township Development and Construction Company announced a spanking new housing project on Sinhagad Road, an area that, till not so long ago, was referred to as ‘city outskirts’. ...

REAL ESTATE & CONSTRUCTION: Building on bamboo
The decline in timber availability and emergence of new technologies and product options have spurred interest in bamboo and coir-based composites as wood substitutes for the building industry.Bamboo-based panels and boards are hard and ...

PEOPLE: Investment Nuggets
John C.Bogle is the founder and former CEO of Vanguard Group. He started his career in Wellington Management Company. Today, Vanguard manages $1.3 trillion and more than 150 domestic products are available. ...

EDUCATION: The burden of mediocre education
My wife and I wanted our daughter to go to a school closer home. This school, considered among the top institutions in the city, is not open to admitting children in Lower Kindergarten. Many like my daughter have to choose among other schools. ...

REAL ESTATE & CONSTRUCTION: Time, costs ticking away

Cut down on costs — that is now the theme in the real-estate industry. Backed by a buoyant industry till recently, most developers have till now been attuned to the idea of simply passing on the costs to their buyers. But ...

HOUSING FINANCE: Home loan rates

STOCKS: Tata Power: Buy
The Tata Power stock has declined sharply in the ongoing market correction. The stock has shed 40 per cent from the peak registered in early January which is in tune with the erosion suffered by the benchmark Sensex over the same period. At ...

STOCKS: Grasim Industries: Buy
The stock of cement-maker Grasim Industries looks an attractive buy for investors with a long-term view. At the current market price of Rs 1710, the stock trades at 8 times its standalone earnings and six times its consolidated earnings for ...

STOCKS: Glenmark Pharma: Hold
Investors with a low-risk appetite can avoid taking fresh exposures in the stock of Glenmark Pharmaceuticals at the current levels (Rs 630), given its rich valuations. Glenmark, an integrated pharma major with capabilities in drug discovery ...

TECHNICAL ANALYSIS: Tech School
Reversal patterns are very useful to chartists in anticipating a change in the prevalent trend. We took a peek at what reversal patterns are and the intricacies of the head and shoulder pattern in our last tech school. We move on to triple top ...

STOCK MARKETS: Bull's Eye
E-mail your response by Tuesday to:BullsEye@thehindu.co.in. ...

STOCK MARKETS: Baskets of X
E-mail your guess before Tuesday to:
STOCKS: Bartronics: Buy
Mid- and small-cap stocks often bear the brunt of a steep market correction such as the present one. These stocks also face higher challenges in terms of making a comeback. Stocks (in this segment) with strong business prospects, sustainable ...

MUTUAL FUNDS: Magnum Contra: Invest
The current market correction has provided an opportunity for fresh investors to build a portfolio of core funds with a solid track record. Magnum Contra, with a nine-year track record, has not only performed well in market rallies but ...

PERFORMANCE TRACKER
MUTUAL FUNDS: Closed-end funds: Uninspiring show
If you participated in new fund offers in 2007, chances are you hold at least one or two closed-end funds. These funds, which close for fresh subscription after the initial offer period and lock in your investments for a specific period, were ...

MUTUAL FUNDS: HDFC Growth: Hold
Unit holders can retain their holdings in HDFC Growth Fund, given the fund’s improved performance in recent years. The fund’s three-year return, however, reflects the underperformance in the earlier years. ...

MUTUAL FUNDS: Beyond traditional investments: How about pvt-equity mutual fund?
Equity values have declined considerably since January 2008 and are unlikely to move up at the same speed as in the previous years. Bond prices are also down as the market is aligning itself to higher inflation. ...

TOP OF MIND
HOUSING FINANCE: Rates hold key to home loans
If you have borrowed from a bank to fund your dream home, the recent increases in interest rates may have a big bearing on your finances. Many banks, including SBI, ICICI Bank and HDFC Bank, have already increased their floating home loan ...

FIRST LESSONS
INVESTMENTS: Diversify, to cut risk
You now have a fair idea of the different types of risk. But is there some objective mechanism whereby we can say Investment X is riskier than Investment Y? Yes, we can, by computing the standard deviation of the returns of the investment ...

TECHNICAL ANALYSIS: Nifty futures likely to be rangebound
The Nifty July future was confined to the 3800-4300 range last week. The future gained about one per cent last week to close at 4021.2 against the previous week’s close of 3979.05.The discount, which was 37 points at the end of the ...

DO THE DERIVATIVES
DERIVATIVES MARKETS: How to make money when you are only mildly bullish
Mildly bullish, but don’t have the stomach to put up with the daily market ups and downs? Bull put spreads may fit your risk appetite to the tee. ...

MUTUAL FUNDS: Fund Talk
I am 54 and have another six years of service. I hold the following funds: Birla International Equity, DBS Chola Infrastructure, DSPML Natural Resources, DSPML Opportunities, DSPML Technology.Com, FT India Balanced, HSBC Dynamic, ...

NEW FUND OFFER: Fund Update
The new fund offer period of ING Latin America Equity Fund has been extended by eight days. The NFO now closes on July ...