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Sunday, August 03, 2008
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INVESTMENT WORLD

INSIGHT: Lacking new investment strategies
New funds in 2007. Despite the number of open-end equity funds available expanding manifold over the years, the investors’ fascination with New Fund Offers (NFOs), which are offered at Rs 10, has scarcely waned. But if you gave in to lure ...

STOCKS: Biocon: Hold
Lack of near-term catalysts, staid growth in biopharmaceuticals (over 80 per cent of sales) and sluggish performance in contract research services have dulled the earnings picture for biotechnology company, Biocon. Investors should refrain ...

STOCKS: Bharti Airtel: Buy
Strong growth visibility in the mobile and enterprise segments and new business opportunities make Bharti Airtel a good investment option. ...

INVESTMENTS: Reviewing your portfolio: Time for a debt rejig
Interest rates have climbed steeply and may rise further. Credit is getting tighter as RBI attempts to soak up excess liquidity, in its bid to cool inflation. Lenders are becoming more wary about credit risk and are looking to curtail lending ...

STOCKS: Television Eighteen India: Hold
Television Eighteen India (TV 18) has delivered a disappointing set of results in the April-June quarter. While the core news operations, led by CNBC TV 18, remained healthy, sustained losses in the Web and newswire operations have resulted in ...

STOCKS: Exide Industries: Buy
Investors with a two-three year perspective can consider buying shares in Exide Industries. Until the market correction in January, the stock had moved up sharply, delivering a 75 per cent return in a span of six months. From a 52-week high of ...

MUTUAL FUNDS: HSBC Dynamic Fund: Hold
Investors can continue to hold the units of HSBC Dynamic Fund, considering its ability to contain downsides during market turbulence, and to keep up with its benchmark during market upswings. The fund is relatively new, launched only 10 ...

REAL ESTATE & CONSTRUCTION: Kerala buyers are in wait-and-watch mode
The latest round of rate hikes announced by the RBI in its credit policy has come as a big dampener for the Indian real-estate sector. Against the backdrop of soaring inflation, rising cost of raw materials and spurt in cost of funds, a ...

TECHNICAL ANALYSIS: Index Outlook
Indian equities took just one day to recover from the jolt received by the monetary policy delivered last Tuesday. While talking about this characteristic of stock markets, Robert Prechter had remarked that the market’s trends derive ...

INVESTMENTS: Margin trading — not for the novice
The toughest of times for any stock market investor is when the markets see a free fall and you get a call from your broker to put up additional “margin.” ...

TECHNICAL ANALYSIS: Techtrail: What the charts say
I have purchased shares of United Spirits at Rs 1,550 and Sona Koyo Steering System at Rs 56. Please let me know the medium and long term outlook of these shares. Krishan Kumar ...

STEEL: Steel: Riding the price curve
India’s rapid economic growth is built on a frame of steel and its consumption is taken to be a barometer of economic development. While steel continues to have a stronghold in traditional sectors such as construction, housing and ground ...

INTERVIEW: We have a high level of localisation
The auto industry is facing the twin challenges of a slowdown in growth and a sharp rise in input costs. Hyundai Motor India’s Vice-President (Finance), Mr R. Sethuraman, shares with Business Line how the auto major is ...

FINANCIAL SERVICES: Home loan: Will swapping help?
I am a Kolkatan working in a public sector company. I am planning to retire in another ten years, at the age of 55. I have two daughters. ...

INCOME TAX: Tax liability on ESOP
I am a bank employee and I was allotted shares under ESOP, which I accepted after paying the grant price. I gifted the same to my wife two months later. ...

MUTUAL FUNDS: Fund Talk
I have invested in top performing funds but have negative returns over the past year. I started investing in mutual funds from March 2007. All plans are in growth option. They are not lump-sum investments. I keep on investing as and when I ...

REAL ESTATE & CONSTRUCTION: Foreign-style villas at Indian prices
Do you dream of buying stylish villas at idyllic locations abroad but baulk at the price? Well, a Chennai-based real-estate developer has come out with a project close to hill station Yercaud in Salem district that seeks to meet the ...

HUMAN RESOURCES: Why your boss is overpaid
My friend was due for a promotion at his workplace. His boss, however, had different ideas. So, my friend got just a 5 per cent salary hike. My friend feels cheated. He believes his boss is overpaid. He is not the only one who thinks that way. ...

REAL ESTATE & CONSTRUCTION: Delays plague supply of mall space
A report by international property consultants Cushman & Wakefield points to a paradoxical situation: . There is demand for retail space in malls across major cities but nearly a fifth of the space lies vacant. The rentals, though, are ...

INTERVIEW: An SEZ that will have the best of TN and AP
One of the largest multi-product SEZs, the 5,000-acre Sri City (P) Ltd is taking shape at Tada, in Andhra Pradesh, an hour’s drive to the north of Chennai on NH5. This is just one of the many major investments taking place to the north of ...

STOCK MARKETS: Bearish undertones
The RBI’s Credit Policy for the first quarter of 2008-09 was largely an extension of the central bank’s stated intention in its annual policy document. ...

BOOKS: History, a poor guide to future returns
It is normal to expect an investment that performed well in the past to similarly be a winner in the future. Alas, history is an extremely poor guide to future expected returns for financial assets, observes Christopher L. Jones in ‘
STOCKS: Container Corporation: Hold
Shareholders with a long-term view can continue to hold the stock of Container Corporation of India, the country’s biggest carrier of rail cargo containers. Concor’s widely distributed rail infrastructure network, huge wagon ...

MUTUAL FUNDS: UTI Retirement Benefit Pension Fund: Hold
UTI Retirement Benefit Pension Fund is an open-ended balanced fund with a maximum allocation of 40 per cent to equity and the rest in debt instruments. The fund outpaced its benchmark and category average over three- and five-year periods. A ...

INVESTMENTS: Pick the right sector
After assessing that an economy is worth investing in, one needs to decide the industry where one can park one’s money. For, while the economy may be doing outstandingly well, not every industry in the economy would be a good bargain ...

MUTUAL FUNDS: Active funds: Closet-indexers or alpha generators?
Mutual fund selection is difficult. Most fund-houses offer three to four equity funds that are prima facie no different from each other. The confused investor typically buys equal units in all these funds. Such a strategy is not optimal, a ...

TECHNICAL ANALYSIS: Nifty may be stuck in a range
Despite some anxious moments, the bull momentum continued on Dalal Street last week. The Nifty August future closed at 4432.85, gaining 2.4 per cent over the previous week’s close of 4329.65. The Nifty August future saw a rollover of 65 ...

CREDIT POLICY: Credit Policy View
The RBI has shown a firm resolve in its fight against the monster of inflation by increasing repo rate by 50 bps to 9 per cent and Cash Reserve ratio by 25 bps to 9 per cent. The central bank has upped its inflation target for FY09 to 7 per cent ...

TECHNICAL ANALYSIS: Tech School
Another pair of reversal patterns that are easy to identify and sends a thrill of anticipation through analysts are the double top and double bottom. ...

STOCK MARKETS: Bull's Eye
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STOCK MARKETS: Baskets of X
E-mail your response before Tuesday to:

STOCK MARKETS: Prominent bulk deals on NSE & BSE

STOCK MARKETS: Asia may look at fundamentals; earnings mostly over
Asian markets will take cues from the Federal Reserve policy meeting, the quarterly US Treasury refunding and a set of data pertaining to inflation and labour costs of the country that imports the maximum of goods. The week was a forgettable ...

TECHNICAL ANALYSIS: Reliance Infra
Reliance Infrastructure recovered from our first short-term support at Rs 900 implying that the near-term outlook stays robust for the stock. A close above the 50-day moving average and strength in daily and weekly oscillators is also ...

TECHNICAL ANALYSIS: Tata Steel
Tata Steel reversed from an intra-week trough at Rs 577 to move to the upper boundary of the short-term range at Rs 685. That is the immediate resistance for the stock. Move beyond will take the stock to the key medium-term resistance between ...

TECHNICAL ANALYSIS: SBI
Despite the decline below the support at Rs 1,350 on Tuesday, SBI reversed higher the next day, thus underlining the fact that the short-term outlook stays positive. ...

TECHNICAL ANALYSIS: Unitech
Unitech formed an intra week trough at Rs 152 and moved sideways in line with our expectation. The near-term trend in the stock is up but it faces strong resistance in the area about Rs 180 where the 50- day moving average is present. A weekly ...

TECHNICAL ANALYSIS: Reliance
Reliance Industries declined to Rs 2,080 as anticipated in this column last week but this level has not been breached. ...

TECHNICAL ANALYSIS: Infosys
Infosys whipsawed in a narrow band between Rs 1,500 and Rs 1,650 last week. The stock has been confined to this range over the last three weeks, keeping everyone guessing. As mentioned in the previous weeks, Infosys has key medium-term support ...






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Radar: Resources elsewhere
Food: Who pays the price (Video)

ADB World Outlook 2008

ADB's Outlook on India

Union Budget 2008-09

Railway Budget 2008-2009

Economic Survey 2007-2008

In Focus
Remembering Ramachander

Ranbaxy-Daiichi deal

People's car

Other Top Stories
Asia may look at fundamentals; earnings mostly over

Home loan: Will swapping help?

Techtrail: What the charts say

Nifty may be stuck in a range

Active funds: Closet-indexers or alpha generators?

Looking back
Jul. 27-Aug. 2
Nifty future likely to move in 4200-4500 range

Mildly bearish? How to profit from it

The right asset mix

FIIs see no immediate triggers for a re-entry

Query Corner : What the charts say

Asia pins hope on oil downturn



Smartbuy



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