The Hindu Business Line : Sunday, July 20, 2008

INSIGHT: Re-building your fund portfolio
Too afraid to even look at your equity fund portfolio? Scary as it sounds, it is time to open those excel sheets and assess the damage that the nearly 40 per cent market correction has wreaked on our equity fund portfolios. The verdict is not ...

INTERVIEW: Scoring on delivery
“The reason for PSL’s dominance in the domestic market is its high capacity of spiral pipes, which meets the customer’s need of a compressed delivery schedule”, says Mr Ashok Punj, Managing Director, ...

INVESTMENTS: I want to retire early…
I am an NRI, and my wife is employed and living in India. We have a daughter studying in VIII standard, who intends to study medicine. ...

TECHNICAL ANALYSIS: Techtrail: What the charts say
I have purchased the shares of Punjab National Bank. Kindly let me know the short and long-term prospects of these stocks. ...

INSIGHT: Why oil is on the boil
Crude oil news is usually frequent and occasionally dominant — as has been the case in the last few days. The overreaching effect of the price of crude oil is something no one can ignore. And I guess when the price of something forces ...

INSIGHT: Infrastructure funds: Add sparingly to your portfolio
Investors who took exposure to any of the infrastructure theme funds and held on from January 2006 to December 2007, would have made returns of anywhere between 50 per cent and 122 per cent in this period. ...

REAL ESTATE & CONSTRUCTION: Mumbai builders woo buyers with ‘green canopy’
The stock markets have softened. Real-estate demand has weakened and developers are saddled with high inventories. But all this has not dampened the creative ability of Mumbai builders. ...

FINANCIAL MARKETS: The long and short of rupee futures
The RBI has been working on the introduction of rupee futures for some time now. It is widely believed that the RBI was prompted to take this step after the Dubai Gold and Commodity Exchange (DGCX) started trading rupee futures in June 2007. ...

REAL ESTATE & CONSTRUCTION: Where mall glamour palls
Two years ago, India’s first designer mall, Gallops, came up in Ahmedabad, announcing that Gujaratis looking for global lifestyle brands would no longer have to travel to Singapore, Hong Kong or Dubai with their shopping ...

INVESTMENTS: Time to wake up to retirement planning
Social security will be a big challenge for the Government two decades from now if individuals don’t plan more actively towards retirement. Estimates suggest that by 2025, people aged above 60 will account for 14.5 crore of the Indian ...

BOOKS: Money, a magnifier of your traits
Most people equate wealth with money, but money is only a part of wealth, argues James Arthur Ray in ‘Harmonic Wealth’ (
TECHNICAL ANALYSIS: Index Outlook
The dark clouds parted a little and melting crude prices sent a ray of hope to the hassled equity markets last week. Sensex rejoiced by gaining over 1,000 points in the last two sessions. Market participants will, however, switch from watching ...

INCOME TAX: Tax liabilities on futures and options
I am trading in futures and options. Under what category does the income from such trading fall? ...

STOCKS: Shree Renuka Sugars: Buy
The domestic sugar cycle is set to enter a favourable phase for producers, with output expected to decline sharply over the next two years, lending support to sugar prices. ...

TECHNICAL ANALYSIS: Reliance
RIL remained subdued in the first part of last week; recording an intra week low at Rs 1,922. But the spectacular rally on Friday has made the near-term outlook brighter. The stock could rally to Rs 2,197 or Rs 2,302 in the short-term. The ...

STOCKS: Reliance Infra
Reliance Infrastructure declined to Rs 744 as indicated last week. But the stock has resumed its short-term up trend from this level. The near-term targets for the stock are at Rs 912 and then Rs 1000. The zone between Rs 1,000 and Rs 1,050 is ...

TECHNICAL ANALYSIS: SBI
This stock reversed from Rs 1,121, in line with our expectation and resumed its short-term up trend. The third part of the rally from Rs 1,007 has the targets at Rs 1,287, Rs 1,390 and then Rs 1,556. But the down-trend line and the 50-day ...

TECHNICAL ANALYSIS: Unitech
The weakness in the first three days of last week resulted in Unitech closing the week with a 12 per cent loss. The recovery towards the weekend was not strong enough to mitigate the negative short-term outlook. The stock remains in a strong ...

STOCKS: Tata Steel
The stock declined below our first target at Rs 626 to an intra week trough at Rs 583. Since there has been no meaningful reversal in the stock yet, there can be further decline to Rs 575 or Rs 557 in the near-term. ...

TECHNICAL ANALYSIS: Infosys
Infosys moved below our short-term target at Rs 1,564 to form an intra week trough at Rs 1,503. ...

STOCK MARKETS: Prominent bulk deals on NSE & BSE

REAL ESTATE & CONSTRUCTION: Chennai awaiting a master plan

The delay in adopting the Second Master Plan for Chennai Metropolitan Area, 2026, has raised widespread concern among the public on the final form it is likely to take. ...

REAL ESTATE & CONSTRUCTION: ‘Super amenities’ for those who can afford
Set against Nandi Hills near Bangalore, the 275-acre Prestige Golfshire, a project of the Prestige Group, offers ultra-luxurious mansions, a 300-bed five-star hotel, a private lake and an 18-hole championship-sized golf course designed by ...

STOCK MARKETS: Why birthdays are depressing
It was my birthday recently and I was expecting a certain book as a present. I did not get the book but received some useful gifts. I began wondering how it would have been had I received the book I wanted. Tracing my emotions, I realised that ...

STOCKS: HCC: Buy
A strong order pipeline, improved profit margins, benefits from recent business restructuring and removal of uncertainty surrounding the unique Bandra-Worli Sealink project, provide better visibility to the earnings growth of Hindustan ...

STOCKS: Bajaj Auto: Hold
Shareholders can continue to hold the Bajaj Auto stock. Better domestic sales volumes in the first quarter, robust export growth and planned launches in the executive segment may positively impact the near-medium term ...

STOCKS: Sanghvi Movers: Buy
Investors with a two-three year perspective can consider taking exposure to the stock of Sanghvi Movers, an established player in the business of renting out cranes. ...

IPOS: Vishal Information Technologies - IPO: Avoid
Investors can avoid the initial public offering of Vishal Information Technologies, a company delivering digitisation and E-Publishing services, considering the high valuation that the offer demands and the inherent business risks, given the ...

MUTUAL FUNDS: Franklin India Prima Fund: Switch
Mid-cap stocks and funds that focus on them have taken a sizeable hit during the recent market meltdown. ...

INVESTMENTS: Investment strategy: Accumulating large-caps, timing momentums
The sharp decline in stock prices since January 2008 has left many wondering as to whether the market will ever climb up. Such gloom and doom is part of human nature. We always swing from bouts of optimism to spells of extreme pessimism. As ...

FIRST LESSONS
INVESTMENTS: Measuring risk-return value of a stock
You know, by now, that diversification reduces risk. As you add stocks to your portfolio, the total risk drops. But, alas, beyond a certain number of stocks, the total risk ceases to reduce. No one knows what that number is. Warren ...

TOP OF THE MIND
STOCK MARKETS: Politics of the market
Political uncertainty has often been a red rag to the stock markets. The market meltdown of mid-2004 took shape when the Left parties stated that they would support the UPA Government from outside, but not be a part of it. Fast forward to ...

DERIVATIVES MARKETS: Nifty future at critical juncture
Nifty future traded in a narrow range of 3800-4300 last week. Thanks to some recovery on Thursday and Friday, the Nifty July future closed at 4077.65, at a gain of 1.4 per cent over its previous week’s close. ...

MACROTRACKER
ECONOMY: Winding down
The last time the IIP was discussed in this column, the numbers for January this year had just been released. The month reported a sedate 5.3 per cent growth, preceded by six months of below 9 per cent growth since April 07. ‘Is the waning ...

FOLLOW THE MONEY
ECONOMY: ‘Commodities could weaken as world growth slows’
Moody’s Investors Service has recently said inflation has raised the risk of an adverse global economic scenario. ...

TECHNICAL ANALYSIS: Tech School
One of the most commonly used reversal patterns is the head and shoulders pattern that is a top reversal pattern. ...

STOCK MARKETS: Baskets of X
E-mail your guess before Tuesday to:

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

MARKET OUTLOOK
PETROLEUM: Serious choices on oil front
It is quite evident that the high oil prices are exerting a very strong influence on all markets. Also the fact that the price march has been relentless has meant increasing despair for both governments and public at large. One thought that ...

NEW FUND OFFER: Fund Update
Franklin Asset Management Company has launched Templeton Fixed Horizon Fund Series IX- Plan C a closed-ended income fund. The objective of the fund is to invest 100 per cent of the assets in debt and money market instruments. ...