INVESTMENT WORLD
INSIGHT:
Global influence still strong
Indian Markets. “BSE Sensex tumbles to a three-year low.” “Dow Jones Industrial Average at a new 12-year trough”. Do these headlines suggest that the Indian stock market is more resilient than the US? Or is it a hint that ...
TECHNICAL ANALYSIS:
Index Outlook
There was perceptible change in the market mood towards the end of last week as despair gave way to hope. Signs of a nascent economic recovery in India coupled with smart rebound in US markets made the bulls venture out of their lair and take ...
STOCKS:
State Bank of India: Buy
Beaten down valuations, SBI’s increasing market share in deposits, which gives it leeway to reduce costs, and higher pricing power to attract borrowers make the PSU banking giant a good investment ...
STOCKS:
Mahindra and Mahindra: Buy
Investors with a three-year horizon, wanting to take exposure to auto stocks, can consider accumulating the Mahindra and Mahindra (M&M) stock. Currently priced at Rs 344, M&M discounts its trailing four-quarter earnings by about ...
STOCKS:
SAIL: Buy
Investors can consider buying the Steel Authority of India (SAIL) stock (Rs 82), given its low valuation. The stock trades at a price-to-earnings multiple of 4.5 times the trailing 12 month earnings. Though the jury is still out on whether ...
STOCKS:
Piramal Healthcare: Hold
Shareholders with a long-term perspective can hold on to the stock of Piramal Healthcare given the company’s strengthening presence across both domestic formulations and CRAMS (custom research and manufacturing ...
STOCKS:
Axis Bank: Buy
Investors with one-two year horizon can consider buying the Axis Bank stock as it is attractively valued. At the current market price of Rs 330, the stock trades at just 1.2 times its December book value of Rs 279 and at a PEM of 7.5. Axis ...
STOCKS:
Titan Industries: Buy
A retailer of branded jewellery, watches, and eyewear, Titan Industries is among the few retailers to have managed strong growth in the ongoing slowdown. A presence across price points in both its key businesses —watches and ...
MUTUAL FUNDS:
Franklin India Prima Plus: Invest
Investment can be considered in the units of Franklin India Prima Plus based on the fund’s good three and five-year track record. The performance places it in the top quartile of the diversified funds over the above ...
INVESTMENTS:
Be home-loan wise in a slump
Declining interest rates and property price discounts could well be a blessing for those looking forward to owning a home. However, a slowing economy, pay cuts and fear of job losses appear to offset the positives. Added to this, inflation at ...
INVESTMENTS:
The well-heeled look ahead
Recent weakness in both the traded asset markets as well as real estate may have diminished their earlier insatiable appetite, but investing in real estate still remains a viable asset class for the discerning high net worth investor ...
INVESTMENTS:
Some alternatives to stocks
As the global financial crisis cuts a notch deeper and many economies officially go into recession, stock markets have turned quite choppy. Liquidity is significantly tight at this point, interest rates are on a generic basis cooling ...
TECHNICAL ANALYSIS:
Query Corner: What the charts say
I hold shares of Reliance Industrial Infrastructure purchased at an average price of Rs 800 and Godrej Industries at Rs 250. Please advise me on the technical outlook for these ...
DERIVATIVES MARKETS:
Nifty futures likely to see sideways movement
Thanks to the positive global cues, the benchmark Nifty futures staged a strong recovery on Thursday and Friday. The uptrend was so strong that it led to the covering up of a good number of shorts, leaving the Nifty future to close at a ...
REAL ESTATE & CONSTRUCTION:
Oversupply of retail space
As against 1 lakh sq.metres of shopping mall space in 2002, there are no fewer than 120 malls totalling 3.9 million sq.m today. The exponential growth of India’s retail sector is expected to continue until at least 2010, by which time ...
STOCK MARKETS:
Falling volatility indicates lower fear factor
Market observers should be surprised by the composure of the market participants in January and February this year even as the stock prices were slipping and sliding. To put it in ‘technical’ terminology, the volatility in ...
INVESTMENTS:
Are tax-saving investments optimal?
March is a month for tax savers. Investors typically take exposure to equity linked savings scheme (ELSS) to lower their tax ...
INTERVIEW:
‘We weren’t comfortable with the sharp fall in yields and maintained a conservative stance’
With its income fund portfolios not going all out on long-dated gilts, Franklin Templeton Mutual Fund has, in recent months, preferred to take a much more conservative stance in its debt funds than some of its peers. Taking ...
INCOME TAX:
Claiming tax rebate on father’s treatment
My father, who is dependent on me, has undergone a cystoscopy surgical procedure for bladder tumor. After biopsy it was found that my father had suffered a superficial bladder cancer (transitional cell carcinoma of the ...
TECHNICAL ANALYSIS:
Reliance Ind
RIL recorded a sharp up-move in the last two sessions that enabled it to gain 9 per cent last week. The bullish engulfing pattern in the weekly chart and the close above Rs 1,200 makes the short-term view neutral for the stock. Although a ...
TECHNICAL ANALYSIS:
Maruti Suzuki
Maruti reversed strongly from the intra week trough at Rs 639 last week. The area around Rs 636 is a good near-term support since the 21 and 50-day moving averages are present there. Short-term traders can hold their long positions as long as ...
TECHNICAL ANALYSIS:
Tata Steel
Key short-term resistance for the stock is in the band between Rs 184 and Rs ...
TECHNICAL ANALYSIS:
SBI
It was a good fight-back in SBI after the capitulation witnessed in the ...
TECHNICAL ANALYSIS:
Infosys
The sharp rally recorded on Friday helped Infosys close the week with 6 per cent weekly gain. The stock reversed higher from the support at Rs 1,165 in line with our expectation and moved past our first target at Rs ...
TECHNICAL ANALYSIS:
ONGC
ONGC moved contrary to our expectation, rallying strongly towards the resistance at Rs ...
STOCK MARKETS:
Prominent bulk deals on NSE and BSE
...
EMPLOYMENT:
US: Unemployment blues
The first Friday every month is turning out to be a nightmare for the US markets and, indeed, for global markets as well. That is when the Bureau of Labour and Statistics (BLS) releases the US employment situation report, which details the ...
INTERVIEW:
‘There is a strong case for a Housing Index’
Housing Start-up Index (HSUI) — a measure of new residential projects that start in a particular period and an important economic indicator — could soon become a reality in India. Globally these indices are a ...
INVESTMENTS:
Top-line and bottom-line
Sift through any business newspaper or equity research report and it is unlikely that you will not come across the two words — top-line and bottom-line. Well, though the jargon may sound complex, it points to two simple things that ...
ECONOMICS:
Psychology of cash discount
Consider this. You walk into a local store and buy groceries. When you dish out your credit card, the counter clerk tells you that will receive a 2 per cent discount if you pay cash. Would you? If you are a typical consumer, you will still ...
MUTUAL FUNDS:
Taurus Ethical Fund — Shariah-compliant
Close on the heels of Benchmark Mutual Fund’s Shariah BEeS, Taurus Mutual Fund has unveiled its actively managed Taurus Ethical Fund. This open-end fund is the first actively managed product in the Indian mutual fund space that conforms ...
MUTUAL FUNDS:
Birla Sunlife Equity Fund: Invest
Investors can buy the units of Birla Sunlife Equity Fund (Birla Equity), considering its long-term return track record and ability to contain downsides reasonably. On a one-, three- and five-year basis, the fund has managed to outperform ...
INVESTMENTS:
SBI SmartULIP
With market-linked products finding fewer takers, insurance companies are launching more “guaranteed” products to lure investors. The latest to join the bandwagon is SBI Life insurance with SBI Smart ULIP, a product that ...
TECHNICAL ANALYSIS:
Inverted hammer and shooting star patterns
Inverted hammer and shooting star are the other reversal candlestick patterns. Earlier in our column, we had discussed in detail about the hammer and hanging man candlestick patterns. The inverted hammer pattern and the shooting star have ...
STOCK MARKETS:
Bull's Eye
E-mail your response by Tuesday to: ...
STOCK MARKETS:
Baskets of X
E-mail your guess before Tuesday to: ...
BOOKS:
Ways to make money
Many young people, who aspire to be the next Warren Buffett or Peter Lynch, start as ‘hotshot research and investment analysts or portfolio managers,’ but almost never get their desired outcome, says Ken Fisher in The ...
MUTUAL FUNDS:
Fund Talk
I am a senior citizen (84 years). I have invested in mutual funds (details given below). My other investments are PPF, fixed deposits in nationalised banks and RBI bonds. I also receive a pension. For the sake of liquidity, and to meet ...
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