MARKETS
MUTUAL FUNDS
US-64: Inconsequential tax incentives
THE announcement of a special `tax sops' package for investors in US-64 created hopes of a good deal to go with the Special Liquidity Package already in place and induce them to stay beyond May 2003, which was the government's intent. But the tax ...
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Franklin US fund focus on debt obligations
FRANKLIN US Government Fund, which has been targeted for investment by the proposed international fund from Franklin Templeton Investments in India, is a Rs 7,000-crore-plus fund that has provided total returns of 13.7 per cent in rupee terms ...
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Srei to keep Dundee MF focus on debt schemes
A MONTH or so after it confirmed the acquisition of Dundee Mutual Fund, Srei International Finance has worked out plans to maintain its focus on the debt side of the business. Dundee's debt schemes — gilts, income and liquid — are ...
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Alliance MIP: Invest
INVESTMENTS can be considered in the Alliance Monthly Income Plan as it has a good track record across various time periods. The fund has turned in returns of 15.4 per cent per annum since inception, and 15.6 per cent, 10.9 per cent and 12.4 per ...
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Bail-out: No marks for UTI, yet
FOR existing investors in the UTI's assured returns schemes, the fact that the Government will meet the shortfall between assured returns and actual performance and ensure capital protection provides a high degree of comfort. They constitute the ...
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Birla Tax Plan 1998: Hold
INVESTORS in Birla Tax Plan 1998, the close-ended equity-linked savings scheme may stay with the fund for now. Though the mandatory three-year lock-in period for initial investors has expired, the fund may have reasonable upside potential in the ...
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Templeton schemes merger: Uncommon traits
FIGE: Hold
FIPP: Sell
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Tax sops for US-64
THE repurchase facility in US-64 under the Special Liquidity Package at Rs 12 per unit for holdings less than 5,000 units and at Rs 10 per unit for holdings of over 5,000 units will be available beyond May 2003 too. Earlier, this was to have ...
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Plan mergers
WHEN the acquisition of Pioneer ITI Asset Management Company by Franklin Templeton India was announced, there was concern over its impact on the investment strategy of the schemes of Pioneer ITI. Franklin Templeton India and Pioneer ITI, however, ...
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STOCK MARKETS
Nursing his portfolio through tough times
FOR a medical doctor, he has been rather skilful in looking after the health of his equity portfolio. But then it has taken a lot of interest, hard work and anxious moments as well as the equity market did many a spin. But 15 years after an ...
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What is EDIFAR?
EDIFAR is Electronic Data Information Filing and Retrieval system. Securities and Exchange Board of India (SEBI) in association with National Informatics Centre (NIC) has set up the EDIFAR Web site to facilitate filing of certain ...
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Not an 'august' month
MARKETS were rather cautious across the globe in August though the major countries ended lower, albeit marginally. The US market began the month lower due to a mix of gloomy economic reports (which indicated that the much-expected recovery in ...
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DERIVATIVES MARKETS
Arbitrage trading, calendar spread
WE are relatively new to futures and options. Please suggest one or two books to get in depth knowledge in futures and options. - Arunachalam Ramaswamy, Anand Krishnan To understand the basics of derivatives, you can refer to the ...
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Forecasting stock volatility
FORECASTING a stock's volatility is a key aspect in determining pricing, especially in the options market. Volatility refers to the fluctuations in the stock price. Forecasting these fluctuations is important to an option trader, as higher ...
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BPCL in limelight
APPREHENSION about political turmoil in West Asia and growing opposition within the Government to privatisation of state-owned enterprises led to equities losing ground towards the end of the week. The BSE Sensitive Index closed at 3,141.11 ...
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COMMENTARY
Further drop likely in ITC, HLL
ITC (Rs 663): As observed in earlier weeks, the overall trend in the scrip continues to remain bearish. Going by the recent chart patterns, the scrip could slide to the Rs 580-600 band shortly. A close below Rs 640 within the next few ...
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Zee, Guj Ambuja may remain subdued
AFTER some firm trend in earlier weeks, the stock market passed through a relatively bearish environment in the just concluded week. The weak trend in American bourses had a dampening impact on stock markets the world over. As a result, the ...
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Asian Paints up 3.3 pc
IT was a week of range-bound trading, with the exception of Friday that saw the Sensex lose about 40 points on fears of uncertainty surrounding the divestment process and US aggression against Iraq. Hexaware Technologies: The company ...
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Panic selling in Nalco
THE Ministerial chorus against the disinvestment exercise and the crucial meeting of the Cabinet Committee on Disinvestment to decide on the HPCL and BPCL disinvestment on September 7 have kept the markets on a tight leash. To add to the ...
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Nasdaq: Net decline
RECOMMENDATION
HCL Technologies: Hold
"HCL Technologies has weathered these challenging times well and efforts towards rebalancing the portfolio and repositioning the company to exploit emerging opportunities are underway. Investments made this year have provided us additional ...
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Hindalco: Value for the medium term
THE stock price of Hindalco Industries has been locked in a narrow band of Rs 560-600 over the past month. At the current market price of Rs 587, the stock is trading at a price earnings multiple of 7.7 times its annualised first quarter earnings ...
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Private investment: Low current
Tata Power: Hold
BSES: Hold
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Atlas Copco: Hold
AFTER two years of its acquisition of a group company, Chicago Pneumatic, Atlas Copco appears to be reaping the benefits now. The earnings numbers for the April-June 2002 quarter showed substantial improvement in operating margins. The turnover ...
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Whirlpool of India: Hold/Buy on declines
SHAREHOLDERS of Whirlpool of India can hold onto the stock. Fresh investments can be considered at declines in the stock price from the present levels. Given the depressed economic forecasts and the difficult operating environment for consumer ...
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Crisil: Hold
THE Credit Rating Information Services of India (Crisil) is the only credit rating agency to have its equity shares listed in the stock market. A slide in its share price recently — about 25 per cent in the last four months — has ...
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TNPL: Hold
SHAREHOLDERS can stay invested in the stock of Tamil Nadu Newsprint and Papers (TNPL). The gradual improvement in paper prices and the enhanced product switching flexibility of the company may provide some room for profit growth in fiscal ...
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