Business Daily from THE HINDU group of publications
Sunday, September 02, 2007
ePaper
Markets (August 31)
BSE Sensex15318.60 (+196.86)
S&P CNX Nifty4464 (+51.70)
US Dollar (Buy/Sell)40.96 (-0.23)


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MARKETS

INVESTMENTS
‘Don’t stray away from fundamentals’
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Still room for diversification
Portfolio Investments More

NEW FUND OFFER
Fund Update
Fidelity Mutual has launched Fidelity India Growth Fund, an open-ended diversified equity scheme, which will invest largely in growth-oriented companies in Indian and international markets. The international exposure will be around 10 per ... More

MUTUAL FUNDS
ENCOUNTER
‘Value stocks may outperform’
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Fund Talk
I am a retired professional around 65 years of age. After reading your columns, I have started investing in mutual funds in the last two-three years. I do not look to returns from these funds to meet my living expenses. Hence, all my ... More

STOCKS
West Coast Paper’s stock split
West Coast Paper Mills Ltd has approved raising Rs 150 crore from overseas or domestic markets in addition to sub-dividing equity share of Rs 10 each into five equity shares of Rs 2 each. The shareholders took the decisions at the company’s ... More

When stocks get ‘re-’ or ‘de-rated’
More

Prominent bulk deals on NSE & BSE
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STOCK MARKETS
Query Corner
I have purchased shares of Shriram Transport Finance Corporation at the rate of Rs 10 during May 1997. I am also holding Divis Lab at the rate of Rs 1,275? What are the short-term and medium-term prospects for these two stocks? More

Reliance
Reliance put in a strong performance last week recording a gain of 9 per cent and going on to close the week at a new all-time high. The short-term trend has turned positive once more after last week’s move. The stock is reversing after ... More

SBI
The short-term bounce that we were anticipating in SBI took the stock to an intra week high of Rs 1,617.8. But traders need to stay cautious until the stock trades below Rs 1,618. Weekly indicators continuing in the sell mode imply that the ... More

Tata Steel
The 9 per cent surge in Tata Steel on Wednesday has made the stock close the week with a gain of over Rs 100. The stock surpassed Rs 610, contrary to our expectation, and went to close the week well above the intermediate term resistance at Rs ... More

Infosys
A tentative recovery is currently underway in Infosys Technologies. The stock halted below our second target of Rs 1,910. The oscillators in the daily chart are implying that the stock is poised at crucial short-term trend deciding level. A ... More

Bharti Airtel
Bharti took a breather last week, passing the baton of leading the markets to other pivotals. The resistance band between Rs 880 and Rs 900 mentioned last week, is proving to be a short-term impediment to the stock. But the short-term trend in ... More

Satyam Comp
Satyam Computers has been moving sideways between Rs 400 and Rs 520 since January. This move is correcting the rally from the May 2006 trough of Rs 270. A 50 per cent retracement has been completed and the stock has made a double bottom at Rs ... More

Trader's Corner
One term that has been frequently bandied about in the recent market correction is CBOE (Chicago Board Options Exchange) VIX. Investors tracking the global markets closely over the last one month have been forced to look at the VIX reading ... More

DERIVATIVES MARKETS
Nifty future: Sentiment turns bullish
More

FOREIGN INSTITUTIONAL INVESTORS
Investment Nuggets

Known as King of the Leveraged Buyout (LBO) space, Henry R Kravis is the co-founder of leading private equity firm Kohlberg Kravis Roberts & Co, better known as KKR. After working at various jobs in New York ... More

RECOMMENDATION
Praj Industries: Buy
Investments can be considered in the stock of Praj Industries, a leader in biofuel technology, with a 2-3 year perspective. The company is well placed to benefit from the robust demand outlook for ethanol equipment and technology, arising from ... More

Cummins India: Hold
While growth prospects for Cummins India appear attractive, concerns over currency appreciation and margin pressure could cap price appreciation. More

Bharat Forge: Hold
Though slowdown and margin pressures may impact earnings in the short-term, the long-term prospects appear good. More

3M India: Buy
A diversified roster of products and clients makes for bright growth prospects and resilience in earnings. More

Tata Select Equity Fund: Hold
Investors can retain their units in Tata Select Equity Fund. With a return of 38 per cent over the past year, the fund has outperformed many diversified equity funds and has been active in rejigging its exposure between sectors that form part ... More

Adlabs Films: Buy
As one or two box-office hits have the ability to magnify profits, investors need to take a long-term view. More

IPOS
Not many takers for public issues in August
Mop-up drops 82% to Rs 665 cr from July level in volatile market More

OUTLOOK
Index Outlook
A relatively benign environment in global equity markets and a conciliatory stance adopted by the political parties helped the Sensex to snap back above the 15000 mark, away from the chasm that was beginning to open at its feet. The Sensex ... More

What’s Ahead
Global cues took a backseat last week as FIIs renewed buying stocks which helped the Sensex gain 6.2 per cent in the five trading days. Starting this week investors can keep an eye on how the Asian markets react to reassuring comments from Fed ... More






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