MARKETS
MUTUAL FUNDS:
Select equity funds double asset base on inflows
Laggards see outflows as discerning investors pull out. BL Research Bureau The BSE Sensex is down nearly 14 per cent over one year and the average equity fund has lost 18 per cent of its Net Asset Value. But mutual fund investors have actually ...
FINANCIAL MARKETS:
Indian investors need not rush for cover
A fresh tidal wave of financial sector collapses in the US has halted the nascent recovery in Indian stocks in its tracks. Even as tumbling commodity prices have defused the inflation threat, stock market investors have a fresh set of worries ...
OUTLOOK:
Index Outlook
The credit market turmoil reached a crescendo last week as two financial behemoths bit the dust and another was saved in the nick of time. Just when the entire financial sector in the US appeared to be imploding, sending stock prices ...
RECOMMENDATION:
Reliance Diversified Power Fund: Invest
Investors can consider buying units of Reliance Diversified Power Sector Fund. The fund invests in companies spanning the power generation, transmission and distribution and power equipment businesses. Companies in the power sector hold ...
RECOMMENDATION:
Mahindra and Mahindra: Buy
Significant developments since our earlier ‘buy’ recommendation on Mahindra and Mahindra (M&M) in March this year prompts us to take a re-look at the stock. While the amalgamation of Punjab Tractors and the recent joint venture ...
RECOMMENDATION:
Cummins India: Hold
Shareholders can retain their exposure to the stock of Cummins India, a leading manufacturer of diesel oil engines in the country. Recent events such as the softening in the prices of steel and pig iron (its main inputs), depreciation of ...
RECOMMENDATION:
HDFC Prudence: Invest
Investors can buy the units of HDFC Prudence, a balanced equity-oriented fund, considering its long-term track record in delivering returns and ability to contain downside as a result of hedge offered by its debt exposure. The ...
STOCKS:
Query Corner: What the charts say
I hold Cairn India bought at Rs 285 per share. Please advise whether I can hold the stock or exit from it. M A ...
FOREIGN INSTITUTIONAL INVESTORS:
Nightmare on Wall Street
For those of us who had only a nodding acquaintance with Wall Street, news this week has been bafflingly littered with the big Wall Street names. Lehman Brothers filed for bankruptcy, the venerable Merrill Lynch was taken over by Bank of ...
STOCKS:
Reliance
RIL fell off the brink at Rs 1,900 last week but it managed to get a hand-hold and has pulled itself higher from an intra-week low at Rs 1,764. The immediate resistances are at Rs 2,070 and then Rs 2,140. Reversal from either of these levels ...
STOCKS:
Tata Steel
Tata Steel, already in the throes of a bear attack, plummeted to an intra-week low at Rs 440 last week. As explained earlier, the stock has key support around Rs 470 where it bottomed in August 2007. However, the recovery last week ...
STOCKS:
Reliance Infra
Reliance Infrastructure bounced off the support at Rs 840 last week. We maintain that the medium-term outlook stays positive as long as it holds above Rs 840 on a weekly close basis. But the deeper second wave implies that the correction ...
STOCKS:
SBI
The stock rebounded from our near-term support at Rs 1,400 though it could not break the ceiling at Rs 1,600. Immediate target for the stock once this ceiling is breached is Rs 1,705. Short-term supports are at Rs 1,400 and then Rs ...
STOCKS:
Unitech
Unitech plunged below our short-term support at Rs 150 to record new lows for 2008 at Rs 112.5. The decline and weekly close below Rs 135 is ...
STOCKS:
Infosys
Infosys was extremely volatile in the range between Rs 1,450 and Rs 1,650. Our first medium-term target at Rs 1,475 has been achieved last week. However, it cannot be assumed that the downtrend from the Rs 1,804-peak has ended ...
DERIVATIVES MARKETS:
Nifty future may face strong resistance
Volatility was at its best last week as the market swung between extreme ends the whole of last week. Nifty September future finished at 4283.10, just above the previous week’s close of 4245.8, thanks to the smart rally on Friday. ...
STOCK MARKETS:
Bracing for a reversal in fund flows
Setting aside the immediate impact of Lehman-Merrill-AIG crisis on the Indian markets or institutions, what Indian investors may really have to brace against is further shrinkage of the FII pie available for investment in Indian ...
MERGERS & ACQUISITIONS:
Sarda Group acquires Talbot
...
RECOMMENDATION:
Yes Bank: Buy
Investors with a two-year perspective can consider buying the stock of Yes Bank at the current price (135.65). The bank trades at 3 times its June 30 book value and 20 times its FY-08 earnings; at 15.8 times its FY-09 earnings and 2.4 times ...
RECOMMENDATION:
ICICI Pru Discovery: Sell
After a dashing performance over 2005 and a part of 2006, ICICI Pru Discovery has had a difficult period over the last two ...
RECOMMENDATION:
HSBC Equity: Invest
While the market continues to reel under the pressure of global uncertainties, investors can view this as an opportunity to buy funds with a sound track record that also hold limited ...
IPOS:
Avesthagen: ‘Without an IPO, it would not be a growth story’
Bangalore, Sept. 20 In 2001, Dr Villoo Morawala-Patell, plant biologist and PhD from the University of Louis Pasteur, set out to harvest her science at the marketplace on an unusual platter of agriculture, nutrition and ...
STOCK MARKETS:
Is a concentrated portfolio optimal?
Modern portfolio management is built on the concept of portfolio diversification. A portfolio manager or an individual investor constructs a portfolio with several stocks to diversify the asset price risk. Hedge fund managers, on the other ...
COMMENTARY:
Manic week for equity investors
Lehman Brothers announced that it was filing for Chapter 11 bankruptcy following failed attempts to rescue the 158-year-old firm on September 14. On the same day, Bank of America said that it had acquired Merrill Lynch for $50 billion in ...
MUTUAL FUNDS:
Fund Talk
I have started SIPs beginning this month in Franklin India Bluechip , Frankin Prima Plus, Templeton India Growth Fund, Templeton India Equity Income & Franklin India High Growth. Is my investment choice fine if I plan to have ...
MUTUAL FUNDS:
Update
Mr Sanjay Sinha Chief Investment Officer at SBI Mutual Fund has resigned and joined DBS Chola Mutual Fund as its new ...
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