MARKETS
MUTUAL FUNDS
Fund Talk
On retiring from service, I received about Rs 7 lakh from both my employer's and my contribution to EPF. About Rs 3 lakh is available as savings in bank accounts. Being over 70 years of age, I want to have a steady dividend income to ...
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Sundaram Growth Fund — More banks, less software
Sundaram Growth Fund follows a diversified strategy, investing not more than 5 per cent in any single stock. It also restricts exposure to any particular industry to 7 per cent of the portfolio. The fund is benchmarked to BSE-200. We examine how ...
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Update
Franklin Templeton Investments has announced a dividend of 60 per cent on Franklin India Prima Fund. The record date for the dividend is July 19. There will be a one-day book closure for the growth and dividend options and the fund will ...
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STOCKS
Rain Commodities allots shares to Citicorp
The board of directors of Rain Commodities Ltd at its meeting on Saturday has allotted 10 lakh equity shares to Citicorp Finance India Ltd at a price of Rs 40 each (including premium of Rs 30 per share) consequent to the ...
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STOCK MARKETS
The haze over the market
In the near-term, stock market sentiment is likely to be driven by four major factors — first-quarter results, crude oil prices, interest rate policy and monsoon movement.
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Index Outlook
The past week at the markets was big on drama. The serial bomb blasts in Mumbai's suburban rail network on Tuesday was expected to deliver a crippling blow to our stock markets but was thwarted by Infosys' knight-in-shining-armour act. The ...
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Query Corner
Please advise me whether to hold Adani Exports Ltd bought at Rs 178. Also let me know whether it would be advisable to buy Sesa Goa and Sterlite Industries at current levels. Premila Adani Exports (Rs 120): The price moved ...
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Negative bias seen on Nifty
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Strategy
Unitech went up to Rs 14,0000 and later announced a 12:1 bonus as well as stock split. The price moved up from 169 and even as it hit the upper circuit almost daily, I entered at Rs 216. Since then, the stock has been hitting the lower circuit ...
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ONGC
The price moved sideways in a narrow range. The daily chart is forming a bullish ascending triangle pattern, which gives us an upper target of Rs 1,249. Elliott-wave targets for an upside breakout are Rs 1,237 and then Rs 1,371. Strong ...
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Infosys
The spectacular guidance given by the management propelled its price near its all-time high last week. But there was a minor reversal on Thursday. The chart needs to get past its previous high to regain momentum. Fresh longs can be ...
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Tata Steel
The chart is showing signs of weakness for the short-term. The momentum indicators are giving a sell and are moving into negative zone. Volumes were declining all through last week. Wave counts suggest that we can have a move down to Rs 461 or ...
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SBI
The outlook remains unchanged. The price moved in a tight band between Rs 740 and Rs 700 last week. There has been an improvement in the relative strength last week as we had a series of higher closes. The price could be readying for an upward ...
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Reliance
Price movement was in line with our expectation. The stock had difficulty getting past Rs 1,100. The chart is establishing a short-term range between Rs 1,011 and Rs 1,100. A close above Rs 1,100 will take the price to Rs 1,184. The support below ...
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ACC
The stock was one of the better performers last week, rising to a high of Rs 846. The support at Rs 790 held last week, formed a good base. Short-term traders can buy with a stop at Rs 788. The price can move to Rs 865 and then to Rs ...
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Trader's Corner
Markets globally have been in a spectacular bull run for the last three years. Trading in the markets in this period has been a pleasant experience for most. But this unrelenting rise has led some market players to believe that it is always ok to ...
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Options Guide
DEBT MARKET
Debt is back with a bang
With the equity market volatile and unsettling, investors are veering towards debt, where there are a slew of interesting options.
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RECOMMENDATION
SAIL: Buy
Investors may consider fresh exposures in Steel Authority of India (SAIL) at the current market price of Rs 74. An encouraging outlook for steel prices, volume growth from ramp-up of its production capacity, improved financial profile, gains ...
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Infosys: Buy
Firing on all cylinders, Infosys has delivered a robust double-digit sequential growth in revenues and post-tax earnings and upped its guidance.
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FT India Life Stage Fund of Funds: Invest
Fund-of-Funds help build a compact portfolio by reducing the number of funds an investor needs to manage, while not compromising on diversification.
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Birla Equity Fund: Invest
Birla Equity Plan appears to be a good investment option in the tax-saving space. The fund enjoys a good track record over three- and five-year periods. Investors who seek tax benefits for the current financial can route investments through a ...
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Punj Lloyd: Hold
Geographical presence of the acquired Singapore company across Asia, West Asia and the UK would help Punj Lloyd diversify business and offset risks.
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CCL Products: Buy
CCL Products is set for another bout of growth with commencement of production at its recently expanded facilities.
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UTI Bank: Buy
Consistent growth in earnings, ability to protect margins and sustain its growth momentum, and attractive valuations make UTI Bank a promising player.
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Glenmark Pharma: Buy
Though Glenmark's drug discovery business has remained in the spotlight - and not without reason - for some while now, its base business is making steady progress as well.
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IPOS
Indian Bank chief sees drop in loan growth rate
"At this rate of interest, the present loan growth of 31 per cent is not sustainable for banks," said Mr K.C. Chakrabarty, Chairman and Managing Director, Indian Bank. Speaking on the sidelines of a seminar on Values and Management, organised ...
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OUTLOOK
Market View
A softening global growth situation with reduced inflationary expectations will be beneficial for local equity markets, as the high correlation with foreign markets can be reduced. This is also a possibility as markets start ...
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