STOCKS


Moneylife Digital Team 24 January 2013
Although textile sector was expected to do well after structural changes, nothing positive happened, returns on capital remain poor   The textile sector is one of the largest employers in the country. It employs skilled and unskilled workers. When the global quota system was...

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MDT/PTI 24 January 2013
The RINL issue has already been deferred thrice since the filing of the draft prospectus with market regulator SEBI on 18th May last year New Delhi: State-run Rashtriya Ispat Nigam's (RINL) Rs2,500-crore initial public offer (IPO) is unlikely to hit the market in current fiscal as it...

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Moneylife Digital Team 24 January 2013
Chettinad Cement rose 9%, Colgate-Palmolive went up 3% while HCL Technologies ended flat   Gainers: The board of Chettinad Cement has approved de-listing of its shares at a meeting held on 28 December 2012. The company will de-list the equity shares of the company from the NSE and...

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Moneylife Digital Team 24 January 2013
Berger Paints shot up 6%, Bajaj Auto crept up 5% while Godrej Consumer Products fell 3%   Gainers: The Shriram group is looking to foray into banking, after the Rajya Sabha gave its nod to the Banking Laws (Amendment) Bill, 2012. The group is awaiting RBI’s final guidelines and may...

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Moneylife Digital Team 23 January 2013
The Nifty came back from under 6,030 but the trend is still down The market managed to settle in the positive on the back of smart bounce back in late trade on hopes that the Reserve Bank of India will cut interest rates in its policy meeting next week. The market is trying to its best...

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MDT/PTI 23 January 2013
For the April-November period the FDI inflows have declined by about 31% to $15.84 billion from $22.83 billion in the year-ago period   New Delhi: India's foreign direct investment (FDI) inflows declined to a nearly two-year low of $1.05 billion in November 2012, mainly due to global...

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MDT/PTI 23 January 2013
Following the transaction, LIC’s total shareholding in Dr Reddy's Laboratories has come down to 6.31% from 8.38% New Delhi: Pharmaceutical company Dr Reddy’s Laboratories said state-run Life Insurance Corporation of India (LIC) has cut its stake in the company to 6.31% by selling shares...

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Moneylife Digital Team 22 January 2013
As of now, the decline is expected to be shallow. The fall will be sharper if the Nifty closes below 6,030   The market gave up its morning gains and settled at the lows of the day on selling pressure in realty, consumer durables and FMCG stocks. As of now, the decline is expected to be...

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Moneylife Digital Team 22 January 2013
Much to our amazement, foreigners have poured in over $24 billion in 2012 to create a sharp rally in India. Since as much as $1.8 billion were pulled out of India-focused funds and ETFs, a Morningstar report gives an interesting take as to where the money came from in 2012 to create the sharp...

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Moneylife Digital Team 21 January 2013
The market volatility is down even as the indices are rising slowly. A quick correction may be round the corner The Indian market closed higher for the third day in a row on buying in blue-chips and a positive trend in the European markets. The market volatility is down even as the...

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Is the bull market maturing or consolidating? One gets the feeling that a strong bull market in India, lasting well into 2014, is taken by most to be a given. Brokerage firms are coming out with innovative stories of the kind of stocks that will work well. Glib phrases like ‘cyclicals...

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Moneylife Digital Team 21 January 2013
The year changed and so did our value portfolio-for the better   As we bid goodbye to 2012, our value pick portfolio changed, based on market-capitalisation at the end of the year. We saw a lot of shuffling this time. Interestingly, in the mega-cap space, two companies from the...

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Moneylife Digital Team 19 January 2013
On a weekly basis, the Nifty has to hold 5,940 for the bullish trend to continue The market settled in the green this week supported by the populist measures by government a decline in headline inflation numbers and a slew of positive third quarter results released by corporates during...

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Moneylife Digital Team 18 January 2013
TTK Prestige has disappointed the market once again as discount sales hurt margins along with competition from cheap Chinese imports Espirito Santo Securities (ESS) has downgraded TTK Prestige, a leading manufacturers of cooking and kitchen ware, to SELL. Not surprisingly, negative...

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Moneylife Digital Team 18 January 2013
For the Nifty to reverse, it has to go below 6,025 The market settled in the positive for the second day in a row as investor sentiment received a boost following the government’s decision in allowing oil companies to hike diesel prices. From here, if the Nifty goes below 6,025, we may...

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Moneylife Digital Team 18 January 2013
Espirito Santo Securities has reduced FY13 estimates but retains bullish FY14 views. It also finds asset quality has deteriorated while CASA ratio has improved along with growth Espirito Santo Securities (ESS) feels that Federal Bank, the Kerala-based regional bank with a strong...

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Moneylife Digital Team 17 January 2013
Nifty may be range-bound between 6,000 and 6,060 unless either of these levels are broken Positive signals from the government helped the market recover more than half of the losses incurred yesterday. We may see the short-term decline stalling for now. However, the Nifty may be...

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Moneylife Digital Team 16 January 2013
 We have been warning that the short rally which started on Monday was extremely risky. Today, the Nifty gave up a substantial part of the two-day gains. Now 5,950 will be make-or-break for the benchmark in the short-term A bleak picture of the Indian economy painted by the World Bank...

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Moneylife Digital Team 15 January 2013
Yesterday we mentioned that Nifty is headed for 6,080 but the market is vulnerable to a sharp decline   Upbeat quarterly performance by TCS and gains in realty, banking and FMCG stocks enabled the volatile market close higher for the second day in a row. However, the market is in a...

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Moneylife Digital Team 15 January 2013
The BSE Sensex first crossed 20,000 in October 2007 and then several times thereafter. In the past, whenever it crossed 20,000, it couldn’t sustain the trend. Will Sensex be lucky this time? We describe what happened on each occasion the Sensex crossed 20,000 The Bombay Stock Exchange...

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