MARKETS
NEW FUND OFFER
Update
JM Financial decided to part ways with Morgan Stanley, with whom it had a joint venture in the investment banking and securities broking business. Taurus Mutual Fund has launched a new scheme Taurus INFRA-TIPS, an open-end equity ...
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MUTUAL FUNDS
PruICICI Emerging S.T.A.R — Heavier on software
PruICICI Emerging S.T.A.R (Stocks Targeted At Returns) Fund was launched in October 2004 with a strategy to invest predominantly in companies with market capitalisation between Rs 100 crore and Rs 2,000 crore. While a few funds view mid- and ...
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Fund Talk
I am a 44-year-old NRI living in the Gulf for the past 10 years. I want to begin investing in mutual funds through the SIP route. I have the following funds in mind: Franklin India Bluechip, Reliance Vision, HDFC Top 200, HDFC Equity, Franklin ...
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STOCKS
Gujarat Gas opts for stock split
Gujarat Gas Co Ltd has decided to sub-divide the equity shares of face value of Rs 10 each into equity shares of Rs 2 each. In a notification on its Web site, the NSE said Gujarat Gas has informed the exchange that the company's ...
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TECHNICAL ANALYSIS
Technical analysis of budget scenarios
Sensex can stabilise above 12870 and Nifty above 3723 even if there is a knee-jerk reaction to Budget.
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STOCK MARKETS
Nifty may remain range-bound
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Query Corner
Please advice on Hindalco bought at Rs 180. I am long-term investor. Naidu Hindalco (Rs 143.8): Hindalco is among the few stocks that did not recover from the steep fall witnessed in May 2006. The recovery from the June ...
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Reliance
RIL held rock steady last week as the rest of the stocks crumbled. It moved in a narrow band between Rs 1,400 and Rs 1,450. A doji star is apparent in the weekly chart, which denotes indecision. But the short-term outlook is positive. The ...
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Prominent bulk deals on BSE & NSE
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SBI
The stock has slipped below the medium-term support at Rs 1,100. The next reliable support for the stock exists at the 200-day moving average at Rs 1,004. If we extrapolate the move from the high of Rs 1,378, the C-wave has the targets of Rs ...
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Tata Steel
This stock built on the recovery that started in the previous week and gained 3.8 per cent. Tata Steel has, however, not rallied above the resistance of Rs 468 and Rs 486 that we had indicated last week. Though the oscillators in the daily ...
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Infosys
This counter lost almost 6 per cent. The bearish engulfing pattern in the weekly chart this week has completed an evening star formation. The stock has also closed below its 50-day moving average. This denotes a medium-term peak. This will ...
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ACC
The scrip fell below our medium-term target of Rs 950 last week to hit an intra week low of Rs 897. The stock has also closed below its long-term 200 day moving average. The intensity of the fall on the last two trading sessions suggests that ...
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ONGC
The stock fell below our medium-term support level at Rs 870 last week. The stock has completed a zigzag pattern from the low made in June 2006. The silver lining is that support is near at hand, in the zone between Rs 810 and Rs 820. Since ...
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Investment Nuggets
Challenging conventional thinking on investing has been Michael Mauboussin's leitmotif in an investment career spanning over one-and-a-half decades. Michael Mauboussin is currently the Chief Investment Strategist of Legg Mason Capital ...
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Trader's Corner
Harish Bhai had made up his mind that he would become a day trader. He was sure that he would be successful, but he wanted to be methodical and systematic about it. So, he decided to test his skills by paper trading for a few weeks first. For ...
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DERIVATIVES MARKETS
Options Guide
FOREIGN INSTITUTIONAL INVESTORS
`Pvt equity funding good avenue for family-run biz'
Private equity (PE) funding is an excellent opportunity for family run businesses to transform and grow, according to Mr Abhay Havaldar, Managing Director, General Atlantic LLC. "PE-backed businesses can remain family businesses and yet be ...
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RECOMMENDATION
Mastek: Buy
Investors can consider taking exposures in small lots in the Mastek stock with a medium-term perspective. At the current market price, the stock is trading at a price earnings multiple of 11 times its likely per share earnings for 2006-07. We ...
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Punjab Tractors: Hold
The impressive line- up of suitors and the prospect of the acquirer securing management control raise hopes of an attractive valuation for the stock
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Thermax: Hold
Strong demand from user industries, capacity expansion and improved operating margins are likely to sustain the earnings growth.
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Pratibha Industries: Buy
The revenue streams of the company are markedly different from peers of similar size, making it an unique play.
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UTI Leadership Equity Fund: Hold
With its compact portfolio of large-caps, the fund is suitable for less aggressive investors, but may not be the right choice for investors seeking exposures to mid- and small-cap companies.
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Page Industries: Avoid
The valuation parameters appear reasonable but investors are better off avoiding this offer.
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Franklin India Prima Plus: Invest
Franklin India Prima Plus is one among the few funds with a track record of over 12 years. Its performance over three- and five-year periods reinforces our positive view on the fund. The scheme primarily invests in large-caps with about 15-20 ...
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OUTLOOK
Index Outlook
Call it a case of nerves. After having waited for weeks and having built large leveraged positions in anticipation of a market-friendly Budget, our markets are suddenly having second thoughts. The mild selling that began in the early part of the ...
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Market View
Rising borrowing costs for Corporate India can be mitigated to a large extent with cheaper overseas borrowings, but retail loans and housing starts are likely to witness a slowdown. However, a slowdown in credit growth is ...
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