MARKETS
FINANCIAL SERVICES
Wanted: `Black belts in finance'
Financial engineers are better equipped to deal with complex products in capital market
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MUTUAL FUNDS
Customisation makes portfolio management business a niche
I think people who invest on their own or through mutual funds will eventually graduate to using the services of portfolio managers. I also see the portfolio management business evolving to offer services across asset classes outside of stocks.
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ING Vysya L.I.O.N. — Interest in banking
ING Vysya L.I.O.N. (Large-cap, Intermediate-cap, Opportunities, New offering) Fund is an open-ended diversified equity fund with the mandate to invest across market-cap categories. Over the past quarter, its asset size moved southward, from Rs ...
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Fund Talk
Though both arbitrage funds and capital protection funds essentially target risk-averse investors, they are quite different in portfolio structure. Arbitrage funds deploy their money in a combination of debt securities, stocks and stock ...
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Update
DSPML Mutual Fund has extended the offer period for DSPML Tax Saver Fund to December 26. The fund was scheduled to close on December 21. Deutsche Mutual Fund has declared a dividend of 35 per cent in DWS Alpha Equity Fund. The ...
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STOCKS
Query Corner
I have a large quantity of Hindustan Zinc Ltd (bought at average cost of Rs 925). Please give your views on this stock. My holding is for long-term, between one-and-a-half to two years minimum. R. Rajasekaran, S. P. ...
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STOCK MARKETS
IPOs losing sheen among retail investors, post-April
Reasons: See-sawing market and SEBI crackdown
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Trader's Corner
Novice traders would have come across the term `scalping' when two seniors are discussing their trading strategies. Though the term scalping conjures up images of a barber's razor or to the more imaginative mind, traders tearing off their hair in ...
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Of Santa Claus and other rallies
A good opportunity for short-term investors to time their entry and exit
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Investing, top-down or bottom-up?
A blend of top-down and bottom-up approach may work to your advantage. Further, while every style has its advantages, one must understand the limitations associated with each.
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Tech Tools
Can you explain in simple terms what is ETF (exchange traded fund)? Vivek Bhatia Exchange Traded Funds are index funds whose units traded on the stock exchanges. These ETFs passively track specific indices, which could be broad ...
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Diversifying, key to success
With an eye on inflation, it would be prudent to start planning one's investment strategy young as it offers the advantage of compounding. The basic principle is to save regularly, says Mr Manoj Shenoy, Regional Director, Anand Rathi ...
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DERIVATIVES MARKETS
Nifty may stay in narrow range
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FOREIGN INSTITUTIONAL INVESTORS
Importance of liquidity
Often the day-to-day swings in the Sensex are attributed to buying or selling by foreign institutional investors. If stock prices are linked to the profits companies earn, why are the markets so worried about who is buying or selling? If a ...
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RECOMMENDATION
Patel Engineering: Buy
Strong presence in high-end infrastructure segments, superior operating profit margins and healthy order book augur well for the earnings growth of Patel Engineering (Patel). Investment in the stock can be considered with a two- to three-year ...
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Emami: Hold
Despite successful launches and a focus on high growth segments, the stock is among the riskier options in FMCG space.
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The on-screen multiplier effect
PVR: Hold
Inox Leisure: Hold
Shringar Cinemas: Buy
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Aztecsoft: Buy
Aztec is expected to ride the bullishness in outsourced product development, though there may be some near-term blips over the next two quarters.
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PruICICI Power: Invest
With a good track record, the fund has performed consistently and coped well with volatile market phases.
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SBI Magnum Tax Gain: Invest
An investment can be considered in SBI Magnum Tax Gain. It's three- and five-year returns are impressive and have outpaced it immediate peers by 13 percentage points over a three-year period. The fund bounced back from it low of 2001 and the bull ...
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Thomas Cook: Hold
Thomas Cook's inorganic growth initiatives augur well for medium-term growth; the stock's valuation, however, appears to price in most of the benefits
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Thirumalai Chemicals: Hold
Volatility in prices of raw materials and finished products is a cause of concern
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Chart Focus
We recommend a buy on the stock with a stop at Rs 37 and targets of Rs 50 and then Rs 58. Ashok Leyland bounced off the low of Rs 37.6 earlier this month. The chart completed a 61.8 per cent retracement of the rally from July lows at this ...
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OUTLOOK
Index Outlook
The battle for supremacy that ensued between the bulls and bears saw no clear winners emerging last week. Though the bears were aided by the Thai Government's flip-flop regulatory measures, the bulls managed to claw back and closed the week with ...
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Reliance
The stock put up a resilient show last week. Though it could not rally above Rs 1,300, the fall was arrested at Rs 1,230. The medium-term trend has turned sideways but the intermediate-term outlook will stay positive as long as the stock ...
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Tata Steel
The scrip was one of the stronger performers last week, gaining 4.1 per cent. The faint signs of reversal that were visible last week have now been reinforced by buy signals in the weekly indicators chart. The long-term uptrend will be threatened ...
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Infosys
Though the stock lacked strength, it managed to hold above the support at Rs 2,130 last week. The move since the latter part of November is a sideways moving triangle pattern with a flat base at Rs 2,130. Our view on this stock is unaltered. ...
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ACC
The counter reversed from a high of Rs 1,088 on Monday and spent the rest of the week moving sideways. An inability to move past Rs 1,088 is a sign of weakness. If this level is not surpassed early next week, we can see the stock drifting ...
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SBI
The stock could not rise past Rs 1,300, the short-term resistance we had indicated last week, and slid from an intra-week high of Rs 1,281. The movement from the Rs 1,165 lows looks like the second leg of the correction that started from the high ...
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ONGC
The scrip managed to pull back from the brink last Monday and did a splendid job staying above Rs 850 for the rest of the week. The entire correction of the upward move from Rs 620 to Rs 894 could be complete and we could be on to another strong ...
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Market View
We are likely to see some mid-cap out-performance, particularly once the January results give local investors an idea of the story for FY08. Growth expectations are currently around 15 per cent for FY08 on the previous year. ...
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PEOPLE
Investment Nuggets
As they are so fond of saying on Wall Street, it takes investors of every kind to make the stock market. In much the same vein, it takes investment gurus of every kind to enrich the treasury of investment wisdom. Meet Burton Malkiel, the ...
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