MARKETS
FOREIGN INSTITUTIONAL INVESTORS:
FIIs turning positive on Indian markets
Mumbai, Sept. 6 The investment pattern of foreign institutional investors (FIIs) in Indian equities over the last three months indicates an easing of selling pressure on ...
OUTLOOK:
Index Outlook
Sentiment on Indian bourses seesawed between hope and despair last week. The strong mid-week surge caused by crude oil’s decline below $110 was thwarted by the global wave of selling in equities that seeped into the Indian stock markets, ...
RECOMMENDATION:
SAIL: Buy
Investors can consider buying the SAIL India stock, now trading at a price-earnings multiple of about 8.2 times its 2007-08 earnings. The valuation is at a discount compared to Tata Steel (9.4 times) and global steel majors. SAIL’s ...
RECOMMENDATION:
Tata Equity P/E Fund: Invest
Investments can be considered in Tata Equity P/E Fund based on its improved performance over the past two years. The fund underperformed the benchmark Sensex by a significant margin in 2006, thus impacting its last three-year performance. ...
RECOMMENDATION:
Sundaram BNP Paribas Select Midcap Fund: Hold
Investors can continue to hold the units of Sundaram BNP Paribas Select Midcap Fund (Sundaram Midcap), considering its long-term track record in generating returns. The fund has delivered an annual return of 42.1 per cent over a five-year ...
STOCK MARKETS:
Query Corner: What the charts say
Please let me have your views on Ashok Leyland bought at Rs 56 and Jayaswal Neco purchased at Rs 81. Chandra ...
INVESTOR PROTECTION:
When a buyback isn’t investor friendly
DLF recently proposed a buyback offer for its shares, setting aside Rs 1,100 crore to buy back 2.2 crore equity shares from the market at a maximum price of Rs 600 per share. As with many open market buybacks, the company may or may not go ...
RECOMMENDATION:
PSL: Buy
Investments with a long-term perspective can be considered in the stock of PSL, which is the country’s largest manufacturer of high grade helical pipes. ...
STOCK MARKETS:
Of investors and auto drivers
Consider this. It is late evening and you want to go shopping. It is one of those days when there is huge demand for autos. Yet, eight of ten auto drivers that you ask tell you that they are heading home to retire for the day! Their behaviour ...
MUTUAL FUNDS:
SBI Funds, Karur Vysya tie-up
SBI Funds Management Pvt Ltd, investment managers for SBI Mutual Fund, has tied-up with Karur Vysya Bank (KVB), a private sector bank in Tamil Nadu, offering its mutual fund investment products to the bank’s customers. According to Mr Achal ...
OUTLOOK:
‘Waiver will trigger short-term market euphoria’
Capital goods, power sectors likely to benefit. Chennai, Sept. 6 The Nuclear Supplier Group waiver granted to India in Vienna on Saturday, after many a hiccup over the last couple of days, will definitely act as a “mood enhancer” ...
STOCK MARKETS:
Tech School: Descending triangles
We resume the discussion on continuation patterns with the descending triangle this week. These are bearish patterns and portend that the security is likely to decline once the pattern terminates. ...
STOCK MARKETS:
Tata Steel
Tata Steel moved listlessly between Rs 580 and Rs 600 in the early part of the week before recording a new closing low for 2008 on Friday. ...
STOCK MARKETS:
Reliance Infra
Reliance Infrastructure reversed lower just under our near-term resistance at Rs 1,052 last week. ...
STOCK MARKETS:
Infosys
Infosys achieved our first near-term target at Rs 1,800 before reversing lower last week. Despite Friday’s correction, the stock is halting just above the long-term average lines. The stock has immediate supports at Rs 1,680 and then Rs ...
STOCK MARKETS:
Reliance
Reliance reversed from the intra-week peak at Rs 2,225 and declined towards the key short-term support at Rs 2,050. We adhere to the view that traders can hold their longs until this level holds. However, the ferocity of the decline in the ...
STOCK MARKETS:
Unitech
The mid-week surge in Unitech took it to an intra-week peak at Rs 173 before the stock reversed lower again. ...
STOCK MARKETS:
SBI
This stock moved in line with our expectation, rallying to an intra-week peak at Rs ...
RECOMMENDATION:
Everest Kanto Cylinders: Buy
Fresh investments can be considered in the stock of Everest Kanto Cylinders, a leading manufacturer of high-pressure CNG (compressed natural gas) and industrial cylinders. At the current market price of Rs 288, the stock trades at about 14 ...
RECOMMENDATION:
Bank of Baroda: Hold
Bank of Baroda (BoB) shareholders can consider staying invested in the stock at the current price of Rs 294.65. The stock trades at 1.13 times the company’s 2007-08 book value and 7.5 times the earnings, translating into 0.93 times ...
NEW FUND OFFER:
ICICI Pru S.M.A.R.T Fund — Complex structure
ICICI Pru Structured Methodology Aiming at Returns over Tenure (S.M.A.R.T) is a close-ended debt fund that seeks to provide investors with equity market linked returns while aiming to protect against downside. The fund will invest up to 95 per ...
INVESTMENTS:
Beta exposure: Is direct investment better than index funds?
Readers may be aware of the core-satellite approach to portfolio management. This involves constructing a core portfolio for the beta (market) exposure and a satellite portfolio for the alpha (excess) returns. There were couple of interesting ...
STOCK MARKETS:
Nifty future may drift lower
Markets seem to have lost their momentum midway. After witnessing wild swings intra-week, the Nifty September future finished marginally lower at 4352.2 points against the previous week’s close of 4370.55, shedding little over 0.4 per ...
INVESTOR PROTECTION:
A de-merger that won’t benefit small shareholders
As a small shareholder in Macmillan India, I have a few points to make about the company’s recent de-merger scheme, which I feel is unfair to minority shareholders.
STOCK MARKETS:
Here’s a way to lock-in minimum gains on your investments
If you took pride in your stock picking skills during the bull run not long ago , the currently volatile markets could have shaken some of that confidence. ...
MUTUAL FUNDS:
Update
Bharti AXA Investment Managers has launched Bharti AXA Equity Fund an open-ended equity scheme. The minimum investment is Rs 5,000.The new fund offers closes on October ...
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