The Hindu Business Line : Sunday, September 09, 2007

INSIGHT
Retail investors have more “options” for speculation
For short-term investors who want to speculate and generate some quick returns on their investments, the Indian equity derivatives market has emerged as a significant platform. The sheer margin by which derivatives trading volumes has been ... More

Review of five-year performance: Equity funds for all seasons
If you are among those investors who have held on patiently to some of the equity funds with a ‘long track record’ but are beginning to doubt your decision due to their recent performance, fear not. Old favourites such as HDFC Equity ... More

MUTUAL FUNDS
Franklin India Prima Plus: Invest
In the light of its recent strong performance and its established track record, Prima Plus is a good investment choice. More

Sundaram BNP Paribas Capex Opportunities: Invest
Investors with a risk appetite can take exposure to Sundaram BNP Paribas Capex Opportunities Fund. The fund invests in sectors and stocks that benefit from capital spending. The investment universe of Capex Opportunities is somewhat wider than ... More

DSPML Small and Mid Cap Fund — Stepping up construction
DSPML Small and Mid Cap Fund was launched in November 2006. The fund predominantly invests in stocks that do not form part of top 100 stocks by market capitalisation. However, it is allowed to invest up to 35 per cent of the assets in the ... More

Fund Talk
The expectation of a 20-22 per cent return every year from your equity fund portfolio is unrealistic, as fund performance can vary from year to year. More

Update

STOCKS
Gateway Distriparks: Buy
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Yes Bank: Book profits
At its current price of Rs 187, the Yes Bank stock has provided annual average returns of slightly more than 100 per cent since its IPO priced at Rs 45 in July 2005. Investors may book profits on their holdings of the stock at current ... More

Prominent bulk deals on NSE and BSE
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Bridging gaps
Reliance Industries has acquired a majority stake and management control of Gulf Africa Petroleum Corporation (GAPCO), a company with significant presence in East Africa in the downstream petroleum sector. ... More

New roads
MSK Projects has received order worth Rs 76.45 crore from Madhya Pradesh Road Development Corporation. The order is for execution of the Khandwa-Khargone (SH-26) road ... More

Deal street
Paramount Communications has acquired the UK-based AEI Cables in an all-cash deal. This would make the company the largest listed Indian company in the cable industry with an annual turnover of over Rs 1,100 ... More

Steeled growth
Larsen & Toubro’s ECC division, in consortium with the Italy-based Paul Wurth, has bagged a Rs 1,205 crore order from Bhushan Steel for turnkey construction of a 2.5 million TPA blast furnace for their plant in Orissa. Larsen’s ... More

TECHNICAL ANALYSIS
Nifty future faces stiff resistance
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Technical Analysis Q&A
I would like to know the short- and medium-term prospects of Aurobindo Pharma. Manoj MathewAurobindo Pharma (Rs 625.5): The stock had a dream run in the later part of 2005 and first half of 2006. This rally made the ... More

Reliance
Reliance Industries moved between Rs 1,940 and Rs 2,000 last week. The momentum indicators are positive in the weekly chart though sell signals are emerging in the daily oscillators. The stock can ease down to Rs 1,931 or Rs 1,885 in the ... More

TRADER'S CORNER
Average Directional Index indicator
There are many among the investing fraternity who abhor stocks that meander sideways and tend to gravitate towards stocks that are trending upwards or downwards. Traders of course prefer momentum as it helps them to churn their positions ... More

SBI
SBI moved sideways with a positive bias last week. The tentative nature of the stock’s movement last week and the doji candlestick in the weekly chart imply that the stock is struggling to move above the resistance at Rs 1,618. We ... More

Index Outlook
The Sensex edged higher last week. But the conviction witnessed in the previous week was missing from our markets. The consensus is veering towards the need for a pause before we move higher. Most pivotals meandered sideways in a clueless ... More

Tata Steel
Tata Steel spent the week fluctuating in a narrow band between Rs 680 and Rs 705. Since this move comes after the rally in the previous week, the near term outlook stays positive. This sideways move seems to be the fourth wave of the move that ... More

Infosys
The stock is struggling to rally above the 50-day moving average positioned at Rs 1,920. The presence of short-term resistance in the band between Rs 1,920 and Rs 1,940 makes it advisable to wait for a close above Rs 1,940 before ... More

Bharti Airtel
Bharti Airtel eased lower last week but it is halting at the first short-term support at Rs 838. This is 38.2 retracement of the rally from the Rs 750 low. A reversal from these levels will be a sign of strength and the stock can move higher ... More

Satyam Comp
Satyam Computers too took a breather last week, moving in a band between Rs 445 and Rs 460. This move will be construed as the second leg of the up move that began at the trough at Rs 405. The third leg can take the stock higher to Rs 465 and ... More

INVESTMENTS
A date with dividends
You may often come across market buzz about company X and a “strong” possibility of it announcing a handsome dividend over the next few days. Even the possibility of a dividend or bonus props the share price. Yet, when the stock ... More

Some tips to ride the market roller-coaster
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CARS
Three cheers from Deutschland
German automakers have been slow to enter the Indian market. But in the last three years, Audi, BMW and Volkswagen have come in quick succession, albeit with a relatively small portfolio of their cars. Profiled this week are three cars, all quintesse ntially German. Highly focussed and precision-engineered, these cars are or will be assembled in India. More

BMW art cars in India
BMW India is showcasing two BMW Art Cars embellished by world renowned artists Andy Warhol (BMW M1, 1979) and Roy Lichtenstein (BMW 320i, 1977) at the Jehangir Art Gallery in Mumbai this week. BMW Art Cars are original masterpieces of art that ... More

ECONOMICS
Why we behave like Groucho

The other day, we took our daughter shopping. Her attitude at a certain ready-to-wear shop was intriguing. She refused to try out anything that we selected. Her attitude was simple: If you want to buy me something, I do not want ... More

STOCK MARKETS
Baskets of X
E-mail your guess before Tuesday to BasketsOfX@gmail.com

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

INTERVIEW
Serving up a triple AAAce
While a balanced fund reduces equity exposure in a rising market, this product promises to reduce equity exposure when markets turn volatile. More

INDUSTRY INSIGHTS
‘We don’t cap capex’
ABB India has just completed investment to the tune of $100 million and has announced another $50-60 million. We can even invest more, as long as the returns justify it. More

INCOME TAX
Tax implications of ESOPs
I work in a multinational company in India. The parent company of my employer is in the US and the shares of the said company are listed in the New York stock exchange. The parent company has allotted shares to me under a stock ... More

IPOS
Power Grid Corporation — IPO: Invest at Cut-off
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Kaveri Seeds (IPO): Invest at Cut-off
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Dhanus Technologies (IPO): Avoid
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BOOKS
Shake off the limits
One of Yogi Berra’s fascinatingly uncanny quotes is that forecasting is very difficult especially when it comes to the future. Yet most of life is about making decisions whose outcome is hidden from us, writes Peter L. Bernstein in ... More