MARKETS
MUTUAL FUNDS
Update
DSPML Mutual has declared a dividend of 2.8 per cent under DSPML Fixed Term Plan Series 2.The record date for dividend is August 15, 2006. Reliance Mutual will change the feature of Reliance Floating Rate Fund from an open-ended ...
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Fund Talk
I would like to know why during market volatility and meltdown thereafter, the NAVs of reputed mutual funds decline by 20-30 per cent. Fund managers select stocks after careful research on financials and management of the company, business ...
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Franklin India Flexi-Cap — Infy now in top slot
Franklin India Flexi-Cap has a mandate to invest in different market capitalisation bands based on market conditions. This week we analyse the fund's portfolio shuffle between April and July 2006. Its assets went down, along with the market, ...
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STOCKS
Novartis challenges rejection of patent application
Cancer drug Glivec not significantly different, says patent office
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STOCK MARKETS
Index Outlook
Markets these days are living from one Central Bank meeting to another. All this rhetoric, prognosticating, speculation etc. about interest rates is getting tiring, to say the least. We had two Central Bank meetings last week with a thwarted ...
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Query corner
What is the outlook for GNFC and IVRCL? Nithin, M. Narasimhan, V. K. Sharma GNFC (Rs 99.7): The stock has been moving in a range between Rs 80 and Rs 100 since mid-June. A breakout beyond Rs 100 is required to take the ...
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Reliance
The downward move in Reliance halted at our first target last week and reversed from there. But in spite of a sharp spike on Friday, the short-term resistance at Rs 1,020 has not yet been surpassed. The price is moving in a short-term range ...
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SBI
The price of SBI moved past our first target of Rs 850 to hit an inter week high of Rs 875 on Wednesday. The 50-day moving average present at Rs 870 is currently reining in the price. If this level is surpassed, the price will head towards Rs ...
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Tata Steel
This is another pivotal, which seems on the verge of an upward breakout. The weekly charts are giving the first signs of reversing for the intermediate term. But we need confirmation from the action over next week. The short-term trend will ...
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Infosys
Infosys continues to lead from the front. It is the only pivotal, apart from Bharti, to have surpassed its May 2006 peak and to have closed above it! Weekly charts indicate that we could be on the verge of a strong upward move. We need ...
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ACC
The price of ACC moved in a sideways range between Rs 849 and Rs 890 with a positive bias last week. But the chart is losing momentum for the short term. A dip to Rs 840 or Rs 810 should be seen as a buying opportunity for short term ...
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Tata Motors
The price of Tata Motors moved in line with our expectation and went on to an inter-week high of Rs 811. Price appears to be headed for Rs 821 and then Rs 862. Caution is advised till the price gets past the previous short-term peak at Rs ...
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Trader's Corner
Many among the trading fraternity are comfortable buying low and selling high. But when it comes to selling high and buying low, they hold back. Perhaps it is to do with the fact that human psychology likes to ignore or pretend that the darker ...
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DERIVATIVES MARKETS
Nifty: Firm trend persists
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Options Guide
RECOMMENDATION
Grindwell Norton: Buy
Investors can consider an exposure in Grindwell Norton (Grindwell) stock. At 13 times its expected calendar year 2006 per share earnings, the stock of Grindwell appears attractively valued. The rising demand from user industries, its strong hold ...
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UTI Infrastructure: Hold
Though UTI Infrastructure led the pack of theme funds over the last six months, investors must be aware of the higher risks of such funds and allot them only a small part of their portfolio to perk up returns.
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IL&FS Investment Managers: Buy
The rising funds under management could scale up earnings growth in the current year.
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Gati: Hold
The prospects for the logistics sector continue to hold out promise. However, we would prefer to adopt a conservative stance in the case of Gati against the backdrop of a significant equity expansion.
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PruICICI Emerging S.T.A.R.: Hold
PruICICI Emerging S.T.A.R (Stocks Targeted At Returns) unit-holders can retain their investments. The fund, launched in October 2004, has consistently outperformed its benchmark index Nifty Junior for most of the past year, with its strategy ...
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Megasoft: Buy
Megasoft is transforming itself from a pure IT services player into an IP driven product development company in the telecom and life- sciences vertical
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Chemplast Sanmar: Buy
The company is in expansion mode with plans to double its EDC capacity and treble its PVC resins capacity.
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Union Bank of India: Buy
Strong thrust on SME and farm credit as also prudent asset management are likely to improve Union Bank's profitability, while progress in fee income remains a challenge.
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OUTLOOK
Market View
Taking a view on the equity market after a steep correction from the peak levels requires a good assessment of the liquidity drivers. Even if we agree that fundamentals are good, for the market to swing back into a clear upturn, ...
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