Financial Daily from THE HINDU group of publications
Sunday, June 04, 2006
Markets (June 02)
BSE Sensex10451.33 (+379.91)
S&P CNX Nifty3091.35 (+129.10)
US Dollar (Buy/Sell)45.98 (-0.41)


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MARKETS

MUTUAL FUNDS
Magnum Global: Invest
The active management strategy has ensured that returns compensate for the risks involved. More

HSBC Midcap Equity Fund — Churn in banking
HSBC Midcap Equity Fund has stuck to its mandate, with 70 per cent of its assets invested in stocks with a market capitalisation of less than Rs 2,000 crore. We examine the reshuffle made during the period February 2006 and April 2006. The ... More

PruICICI Power: Invest
Consider routing your investment over the next year through a systematic investment plan. More

Fund Talk
I ventured into mutual funds only last year. I have invested a lumpsum in Fidelity Equity (DP), SBI Bluechip (G), Reliance Equity (G), PruICICI Infrastructure (G), PruICICI Tax Plan (DR), HDFC TaxSaver (DR) Principal Tax Savings (G) and SBI ... More

UTI MF buys 2.23% in Rain Calcining
UTI Mutual Fund has acquired 28,88,226 shares of Rain Calcining Ltd (RCL), aggregating to 2.23 per cent of its total paid-up capital from November 12 last year to May 22 this year. RCL has informed the stock exchanges that the ... More

Market view
Global developments have triggered a near term re-adjustment in liquidity, with emerging markets such as India bearing the brunt of the current phase of risk aversion. However, we believe that this outflow was expected after the ... More

Update
JM Financial Mutual Fund has launched an equity-oriented interval fund. Named JM Arbitrage Advantage Fund, the scheme will seek to capitalise on arbitrage opportunities from mis-pricing between the cash and derivatives market. Investments ... More

STOCKS
Nissan deal drives up Maruti stock
Manufacturing alliances between automakers are common but when one happens between competitors in an emerging market with big growth potential, it is certainly significant. The global understanding between Suzuki and Nissan to expand their ... More

Prajay Engg allots equity shares
The allotment committee of board of directors of Prajay Engineers Syndicate Ltd at its meeting held on Friday has allotted 72,608 equity shares of Rs 10 each fully paid-up at a conversion price of Rs 75 per share to Kuvera Fund ... More

STOCK MARKETS
Foreign players bullish on retail broking
Thru own network or buying equity More

Theme India for uncertain times
Investing in large-caps with a long-term perspective makes good sense. More

DERIVATIVES MARKETS
F&O OUTLOOK
Volatility to persist in Nifty
Last week, we had indicated that Nifty is in consolidation phase and might move in a narrow band; in line with our expectation, the Nifty began the week on dull phase. However, a bout of selling pressure on Wednesday and Thursday sent the Nifty ... More

FOREIGN INSTITUTIONAL INVESTORS
`If India has big plans, global money is available'
"It takes longer for India to get things done. I think if the government does come up with a big programme, the money is readily available." MR ANDY XIE, MANAGING DIRECTOR, MORGAN STANLEY More

EVENTS
Pick A Winner Stock Contest
For the contest held during May 2006, the stock of Adani Exports posted the maximum gain of 148 per cent. Its share price rose from Rs 72.8 to Rs 180.8. Out of 1,193 entries received, there were 393 winners including multiple entries. ... More

RECOMMENDATION
Hindustan Lever: Buy
An investment can be considered in the stock of Hindustan Lever (HLL). The sharp surge in agricultural growth in the latest GDP numbers suggests that the spurt in rural spending is here to stay. HLL, with its expansive rural network, will be best ... More

Bluplast Industries: Avoid
A tempered growth in the plywood industry is likely to reflect on the proposed PVC composite profile business. More

Sesa Goa: Buy
Firm pricing outlook, likely improvement in met coke division, strong operational and financial contours and attractive valuations offer scope for capital appreciation. More

Cummins India: Buy
The parent company has targeted a five-fold growth in consolidated sales from India by 2010. This emphasises the parent company's commitment and potential for India. More

GlaxoSmithKline Consumer Healthcare: Buy
GSK Consumer has overhauled its brands and, over the past year, has been active in launching variants in its attempt to preserve market share. More

KPIT Cummins: Buy
The company's strong focus on manufacturing, good client momentum and prudent acquisitions lend confidence to the stock. More

IPOS
Kingfisher Air plans to raise $200 m via IPO or FCCB route
In talks with US-based airlines to start operations from US More


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