MARKETS
INVESTMENTS
Giving debt its due
Several changes over the past year necessitate an overhaul of your debt portfolio.
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The ABC of financial planning
If the future always went according to plan, financial planning would be a one-time exercise. But life throws a few curves now and then.
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NEW FUND OFFER
Fund Update
Franklin Templeton Investments has announced a 30 per cent dividend under the dividend option of Franklin India Prima Plus. The record date is March 7. Tata Mutual Fund has revised the load structure for Tata Growth Fund with ...
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DIVIDEND ANNOUNCEMENT
Fund Talk
What does the Budget proposal to hike dividend distribution tax on liquid/money market mutual funds mean for individual investors? Should they switch into other investment options? Present position: Liquid/money market funds, which ...
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MUTUAL FUNDS
ICICI Bank to set up new arm for insurance, MF biz
Investments in four entities to be transferred to ICICI Holdings
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ABN AMRO Opportunities Fund: Software in top slot
ABN AMRO Opportunities Fund is an open-ended fund with the objective of investing across the market capitalisation range. Its mandate permits it to take relatively concentrated exposures to a few sectors. The fund is aggressive in churning its ...
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STOCKS
Few respond to EDS' revised open offer
Only 2,201 MphasiS shares received against offer to buy over 3 crore
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STOCK MARKETS
Riding the equity turbulence
Investors may be better off staying on the sidelines in the near term, without taking fresh exposures. It may pay to keep tabs on changes in interest rates.
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Reliance
RIL reversed from an all-time high of Rs 1,445 last Monday and closed the week with a loss of 7 per cent. The giant engulfing candle following the doji star on the weekly chart looks ominous. The medium term outlook has turned negative and this ...
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SBI
SBI has slipped towards our medium term support of Rs 1,000. The presence of the 200-day moving average at this level makes it an important long-term support. If the stock price slips through this level, it could halt in the band between Rs 950 ...
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Tata Steel
The short-term rally that started on February 14 came to an end on the Budget day. Though, the stock price rose in the early part of last week it could not squeeze past our resistance level of Rs 486 and Tata Steel ended with a 3 per cent loss. ...
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Infosys
Infosys could not get past the resistance of Rs 2,250 that we had indicated last week. It has moved down to the first medium term target of Rs 2,100. A five-wave move seems complete from the June lows in Infosys. The short-term trend is extremely ...
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ACC
There was no abatement in the slide in ACC and it achieved our target of Rs 842. If it does not halt around Rs 840, the C wave will unfold with all its ferocity. And it will take the stock price to the next target of Rs 667. The long-term ...
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ONGC
ONGC made an intra week low of Rs 750, close to our farthest target of Rs 742. The fact that it has managed to close the week above the 200-day moving average is a positive signal. However, wait for a close above Rs 830 before buying this ...
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Query Corner
I have bought Allahabad Bank at Rs 99. Should I exit now or wait? Nitish Allahabad Bank (Rs 76.1): Allahabad Bank has been moving southward since it hit a high of Rs 99 in November 2006. The immediate support for the stock ...
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Tech Tools
I bought 30 shares of BHEL at Rs 2,500 after it announced a bonus in the ratio of 1:1 in January. But the stock has been going down ever since. Why it is so? As per my perception the price should have moved upward. Does this mean that the ...
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Trader's Corner
Many of us would be familiar to the situation in which a stock that has been pushed to the back of our minds and it starts zooming up suddenly. We do not want to see all the profit whittle away again. At the same time, we want to avoid the ...
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Pick a winner stock contest
Among the entries received for the contest held during February 2007, the stock of Avaya Global was the biggest gainer. Its share price rose 23.68 per cent from Rs 246.5 to Rs 304.9. There was only one entry for the stock. The winner is ...
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DERIVATIVES MARKETS
Nifty may remain volatile
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RECOMMENDATION
IVRCL: Buy
Nagarjuna Construction: Buy
The thrust on irrigation and water management in the recent Budget augur well for the companies, as both have a strong presence in this space.
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Birla Equity Plan: Invest
Investors can consider exposure in Birla Equity Plan, an open-ended tax-planning fund with a lock-in period of three years. Under the present market scenario, taking exposure to a diversified equity fund may help reduce risks arising out of ...
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Magnum Emerging Businesses: Hold
Most of the out-performance happened in the last six months, when the fund restructured its portfolio, toning down aggressive exposures.
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Cummins India: Buy
While the company is set to witness a broad-based growth, its power generation segment is likely to propel growth.
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HSBC Advantage India Fund: Hold
HSBC Advantage India Fund's unit-holders can retain their investments in the fund. The returns generated for the past year appear better than those from funds such as SBI BlueChip and Reliance Equity, launched during the same period. As the ...
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Gokaldas Exports: Buy
Fresh capacities, a diversifying product and client mix and the identification of the domestic retail market as a new revenue stream would ensure that revenue growth remains in strong double-digit.
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Polaris Software: Buy
Investors with a high-risk appetite can consider an exposure in the Polaris Software stock taking advantage of the recent weakness. At the current market price, the stock trades at a price-earnings multiple of 16 times its likely per share ...
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OUTLOOK
Index Outlook
The Union Budget for 2007 has turned out to be a non-event as far as stock markets are concerned. It was the tremors emanating out of China that made the Indian equities lose their footing and fall with a thud last week. The post-budget recovery ...
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Market View
Our view on the Indian equity market is that after the pre and post Budget fall, the market can be expected to consolidate for some time. With respect to the budget provisions, some of the affected sectors have reacted sharply to ...
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