The Hindu Business Line : Monday, September 20, 2004

SBI Magnum Global Fund: Pare exposures partially
INVESTORS in SBI Magnum Global can consider reducing their exposures to the scheme partially. The fund has generated significantly superior returns during the past year riding the trading interest in mid-cap stocks ... More

Franklin Prima: Invest in small lots
EXPOSURES can be considered in Franklin India Prima Fund as it continues to be one of the superior performers. Over the past six months, too, as the market has languished in a narrow band, the NAV has risen about 22 per ... More

Deutsche Alpha Equity Fund: Hold
THE performance of Deutsche Alpha Equity Fund over the past year shows that it may be getting its act together after an indifferent start. The fund's returns of 54 per cent over the past year place it ahead of other ... More

For effective governance — ICSI proposes independent compliance checking for MFs
THE Institute of Company Secretaries of India (ICSI) has proposed independent professional compliance checking for careful operation of mutual funds which will benefit all the parties concerned - board of trustees, asset management companies, ... More

MF industry still at nascent stage
FOR all the changes that have taken place in recent years, the Indian market for mutual funds is still very nascent. Assets under management have recorded tremendous growth and so has the number of investors who save through MFs - both trends ... More

Tata Equity P/E fund declares dividend

TECHNICAL ANALYSIS

Upside likely ahead of reversal
Preferred view: The market sentiment remained distinctly bullish last week. As anticipated, the index ruled firm and also moved closer to the target zone of 1750-1770 range mentioned last week. The near-term outlook appears positive ... More

Barring Infy, pivotals pack steam
ONGC (Rs 746.4): The stock ruled firm as anticipated last week. After several weeks, there was a pick-up in volumes indicative of the emergence of buying interest. The sharp rally in the last couple of days has imparted buoyancy and the ... More

Focus of the week
Thomas Cook (Rs 495): The stock appears to be headed towards the Rs 600 mark. Long-term investors may accumulate the stock in small lots. Price dips may be used to enhance holdings. Stop loss for fresh long positions may be placed at Rs ... More

Query Corner

STOCK MARKETS

Joy ride may continue on short covering
Some derivative strategists feel that unless the put-call ratio comes down to 0.70, market may not like to adopt a defensive stance. More

You'll miss 100 pc of the shots you never take
The refrain that filters through offices is Ganpati Bappa Moraya, but after helping himself to a generous dose of modaks, Dakshinamoorthy lumbers to his PC to chat about markets with Sridevi, Jogin and Khan. Don't doze off! ... More

REGULATORY BODIES & RULINGS

Squabble over posting SAT orders on SEBI site
SINCE January 2004, the Security and Exchange Board of India's Web site has stopped carrying the orders passed by the Securities Appellate Tribunal (SAT). SEBI has done this is on the instruction of the now expanded, three-member tribunal, ... More

COMMENTARY

Infy sustains `peak' form, Wipro loses steam
LED by energy company stocks, which were gaining owing to firm crude oil prices, the US markets posted smart gains. According to a Bloomberg data, the Standard & Poor's 500 Index gained for a sixth week, its longest rally since January. For the ... More

RECOMMENDATION

Paper Products: Hold
SHAREHOLDERS can retain their holdings in the stock of Paper Products. The stock is valued at about 8.5 times its expected 2004 per share earnings. The company's entrenched position in the premium segment of the ... More

KPIT Cummins: Book profits partially
SHAREHOLDERS of KPIT Cummins stock may consider booking profits, especially on every uptrend, on at least a part of their holdings. Since our earlier `Buy' recommendation at Rs 330 in May, the stock has run-up by 40 per ... More

Vardhman-Mahavir merger: A strong weave
Vardhman: Hold
Mahavir: Buy More

Engineers India: Buy
EXPOSURE can be considered in the stock of Engineers India, a state-owned project design and consultancy firm. The company should see strong growth in the next two/three years on the back of investments in the areas of ... More

ECONOMIC OFFENCES

SEBI bars Shah from markets for 2 years
SEBI has prohibited Mr D.K. Shah from buying, selling or dealing in securities for a period of two years, effective from September 15. SEBI had conducted investigations into the alleged irregularities in the public issue of Infoquest Software ... More

Stock Quotes
SE Diary

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Foreign Trade Policy 2004-09

Pick a Winner Stock Market Contest

US Presidential sweepstakes — India's interest in outcome

Joy ride may continue on short covering

In Focus

Foreign Trade Policy - 2004-09

The Crude shock

GTB fiasco

Birlas vs Lodha: A legacy tussle

In Depth
Insurance Corner

Simple Economics

Tax Talk

NRIs & Investment Avenues

Looking back
Sep. 12-Sep. 18
Mutual fund IPOs get good responses

Manage and sell - Fund managers' dual role could affect performance

CRR move weakens banking stocks

MFs get a breather on rural branches