The Hindu Business Line : Sunday, August 10, 2008

MARKETS

STOCKS: Beaten-down sectors lead the rally
Over 400 stocks deliver returns of 20%-plus. What is the investment that can deliver a 20 per cent return in three weeks? Believe it or not, the answer is still ‘stocks’. ...

FOREIGN INSTITUTIONAL INVESTORS: FII activity in 2008 — Still some glimmer of hope
FIIs are not unabashedly bullish about the Indian stock market any more, as is evident from the $6.4 billion of net redemptions by them so far in 2008. That accounts for about 11 per cent of the cumulative investments put in by them since they ...

OUTLOOK: Index Outlook
Volatility was conspicuous by its absence in the equity markets last week. Trading was almost dull without the wild gyrations. Investors were treading water, buying selectively in beaten down sectors. The sea of red migrated from the trading ...

STOCKS: Query Corner: What the charts say
I am holding shares of Idea Cellular purchased at Rs 128. Should I hold these shares at current prices or sell? ...

STOCK MARKETS: If crude falls further, equities may follow suit
Stocks, bonds, gold and every other financial asset have been dancing to global gyrations in crude oil prices. In 2008, Indian stocks have moved exactly in the opposite direction to crude prices. The BSE Sensex dropped to its low of 12576 points ...

RECOMMENDATION: Ipca Labs: Buy
Strong performance in branded finished dosages, growth momentum in exports and a strong position in anti-malarial drugs makes Ipca Labs, a medium sized pharma company with Rs 1,100 crore revenues, a good investment option. ...

INVESTMENTS: Investment Nuggets
Known for value investing, Bill Miller manages the portfolio for the Legg Mason Value Trust fund. Miller strongly believes that any stock can be a value stock if it trades at a discount to its intrinsic value. For 15 ...

MUTUAL FUNDS: AMFI initiates study on common online platform
Kolkata, Aug. 9 The Association of Mutual Funds in India (AMFI) has initiated a study to form a common online platform which would facilitate investors and distributors in mutual fund transactions, Mr A.P. Kurian, Chairman, AMFI, said here on ...

STOCK EXCHANGES: ‘Corporatisation of BSE was challenging’
Kolkata, Aug 9 It was a satisfying and challenging task to bring the 130-year old Bombay Stock Exchange (BSE) back to the days of old glory, said Mr Rajnikant Patel, a day after resigning from the post of Chief Executive Officer and Managing ...

RECOMMENDATION: Parsvnath Developers: Sell
The recent hikes in interest rates and the continuing scenario of unaffordable housing may prove to be an intimidating combination for the real-estate sector and realty developers. While rising cost of home loans can affect demand, higher ...

RECOMMENDATION: Praj Industries: Hold
Shareholders with a long-term perspective can continue to hold the stock of Praj Industries, a leading engineering solutions provider to ethanol plants worldwide. The company, whose growth prospects are largely intertwined with the increasing ...

RECOMMENDATION: 3i Infotech: Hold
Lowered IT spends by clients on the back of credit crisis-related write-downs and slowing economic growth in the US have created a turbulent environment for Indian software developers. In this context, a very select band of IT companies may be ...

RECOMMENDATION: Austral Coke: Avoid
Investors can avoid investment in the initial public offering (IPO) of Austral Coke and Projects Ltd., considering the high execution risks and cyclical nature of the business, though prospects for volume growth are bright. ...

RECOMMENDATION: DSP ML World Gold Fund: Invest
Investments can be considered in DSP ML World Gold Fund, which offers an exposure to stocks of gold mining companies across the world. With the outlook for gold still strong, the fund has the potential to outperform other equity funds in your ...

MUTUAL FUNDS: Mid-cap funds — Bearing the brunt
Funds that have stuck too strictly to the mandate of investing in mid-caps have found it difficult to weather the hurricane that hit the Indian market in 2008. While equity funds have all toppled from their highs, mid-cap funds have borne the ...

RECOMMENDATION: Franklin India High Growth Fund: Hold
Investors can retain their units in Franklin India High Growth Fund, an open-ended diversified scheme. The fund’s objective is to seek high growth by focussing on companies or sectors with high growth rates or potential. ...

DERIVATIVES MARKETS: Nifty may cool off after a strong opening
Markets continued to scale up last week as well. The Nifty August future closed at 4547.45, marking a gain of about 2.5 per cent over the previous week’s close of ...

STOCK MARKETS: Tech School
We take a closer look at double bottom formations along with illustrations this week. ...

STOCK MARKETS: Reliance Infra
Reliance Infrastructure recorded an intra week peak at Rs 1,080 and consolidated sideways in line with our expectation. As mentioned in our previous column, the medium-term trend in the stock has reversed upward since the trough at Rs 660. The ...

STOCK MARKETS: Reliance
RIL moved in an extremely narrow band between Rs 2,200 and Rs 2,350 last week resulting in a doji in the weekly chart that implies ...

STOCK MARKETS: Tata Steel
Tata Steel could not move past the resistance at Rs 700 and declined lower to record an intra week trough at Rs 636. Weekly momentum indicators are in the sell mode though there is an attempt to stabilise at lower levels. The stock has been ...

STOCK MARKETS: Unitech
Unitech could not get past the resistance at Rs 180 indicated last week; reversing from an intra week peak at Rs 189. A three-wave move appears to have been completed at this peak. ...

STOCK MARKETS: Infosys
Infosys closed the week with a mild 2 per cent gain. Last week’s rally has taken the stock to the key resistance band between Rs 1700 and 1750 where both the 50 and the 200-day moving averages are present. ...

STOCK MARKETS: SBI
We reiterate that the stock faces strong medium-term resistance from the zone between Rs 1,500 and Rs 1,600 where the 200-day moving average is also positioned. ...

STOCK MARKETS: Covered calls – here is how to use it
Derivatives by the virtue of their nature are perceived as instruments best put to use only by traders. ...

MUTUAL FUNDS: Fund Talk
I am 37 years and my investment time horizon is 15 years and above. I don’t need any additional income through my investments now. I have invested in the following funds. ...

MUTUAL FUNDS: Update
ING Investment Management India has launched ING Optimix Global Commodities Fund. The primary objective of the scheme is to seek exposure in units of global mutual funds that invest in commodity related securities. The fund ...