STOCKS


Moneylife Digital Team 20 December 2011
The market may move lower but a short rebound is round the corner Political developments at the Centre kept the market volatile throughout the session and resulted in the indices closing lower for the fifth straight day. The fall in the past three days was on a declining volume. Today the...

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Moneylife Digital Team 19 December 2011
Nifty may head for 4,425 if it goes below 4,550. A close above 4,685 is needed to hit 4,820 Concerns about the domestic slowdown and the weak Asian markets resulted in the Indian bourses closing lower for the fourth straight day. Today the Nifty crossed the second level of support of...

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Moneylife Digital Team 07 December 2011
5,100 and 5,030 are the levels to watch for on the Nifty The indices, which gained on European optimism, pared most of their gains in the post-noon session but ended in the green. Earlier, ending of the nine-day logjam in Parliament helped lift sentiments in the morning trade. For the...

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Fixed-income products are far more attractive When the Reserve Bank of India (RBI) first forced the banks to pay higher interest on savings bank accounts, the writing on the wall was clear. Interest rates are going north in a hurry. Soon, they freed savings bank interest rate which is...

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Vidur Pendharkar 03 December 2011
The bulls have staged a smart comeback but the volumes during this rise have been poor, raising a question mark as to its sustainability. The battle is not over yet as the bears will try to re-assert themselves in the week ahead S&P Nifty close: 5050.15 Market Trend Short...

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Moneylife Digital Team 01 December 2011
Nifty hit 5000 today as we have been suggesting. The market will now oscillate between 4,800 and 5,000 The market opened firm, reflecting the massive overnight rally in the US and rally in Asia this morning, but gave up a lot of gains during the day. Yesterday we had mentioned that the...

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An extraordinary run The rise and fall (at least for now) of Niira Radia is the stuff of a PR person’s dreams. She had India’s two biggest corporate houses—at two ends of the reputation spectrum—eating out of her hands. The combined clout of Tata and Ambani gave her such incredible power...

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Moneylife Digital Team 01 December 2011
Big growth from small businesses Shriram City Union Finance Ltd, a deposit-accepting NBFC (non-banking financial company) registered with the Reserve Bank of India (RBI), is among the largest NBFC that finances small enterprises in India. It was founded in 1986 and has a track record of...

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Moneylife Digital Team 01 December 2011
One of the finest Indian banks We had written about Karur Vysya Bank (“Surviving the Deluge”) in the issue dated 22 June 2006. The stock was then trading at Rs108. Today, it is at Rs370. It is a great buy again.  Karur Vysya Bank, popularly known as KVB, was set up in 1916 by the...

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Moneylife Digital Team 30 November 2011
Nifty should stay above 4,780 for the rise to continue The market priced in the lower GDP numbers and settled in the green, off the day’s high. The Nifty managed to end in the positive although it stayed below yesterday’s low. The gain was on a large volume 78.12 crore shares on the...

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Moneylife Digital Team 29 November 2011
Nifty must hold above today’s low to reach 5,000 The sell-off that started in noon trade following the political impasse over foreign direct investment in multi-brand retail led the market lower today. The Nifty made a higher low and barely made a higher high and ended in the red. The...

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Moneylife Digital Team 28 November 2011
Nifty may test the level of 5,000 in this upmove As expected, today there was a sharp reversal to the downtrend suffered by the market in the past two weeks. The Nifty gained 3%, the maximum since 28 October 2011, while the Sensex climbed 3.01%, its best performance since 29 August 2011....

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As suggested, the market rally did flatter to deceive In a late October column, I had suggested that the market rally might deceive us. At the time of writing that piece, from a low of 4,728 on 4th October, the Nifty had rallied to 5,340, a staggered, but determined, rally of 13%. I...

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Moneylife Digital Team 26 November 2011
Nifty to move between 4,700 and 4,900 The market settled lower for the fourth successive week, mainly on global issues and worries over the fall of the rupee against the dollar. Concerns about the slowing pace of domestic growth also weighed on the sentiments, resulting in the market...

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Moneylife Digital Team 25 November 2011
On an average, 8-9% of the promoter’s holding has been pledged during June 2009-September 2011 aggregating to 5.1% to total equity in September 2011, says ICICI Direct On an average, 8-9% of the promoter’s holding has been pledged during June 2009-September 2011 aggregating to 5.1% to total...

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Moneylife Digital Team 24 November 2011
Pledging shares against debt is a sure recipe for disaster, especially in a falling market. Around 31% companies out of 1,214 listed ones have actually pledged shares of more than 50% of their paid-up capital In the backdrop of inadequate disclosure levels on share pledging, investment in...

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Moneylife Digital Team 23 November 2011
We may see one or two days of recovery if today’s lows hold Today, after the market opened in the negative, the indices witnessed range-bound movement until noon. There was steep decline, resulting in the benchmarks hitting their intraday lows, the lowest since early November 2009. The...

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Underground economy and corruption are a further blight on economic forecasting and investing. Both hide the price signals that make markets efficient and predictions accurate. This information is considered too dangerous to be revealed to consumers. The enormous value of the information is also...

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Bellary ban: Final straw? JSW Steel seems to go through a 10-year cycle of peaks and troughs. In December last year, Moneylife wrote that Sajjan Jindal has emerged as the largest steelmaker in India, beating even SAIL, after taking over beleaguered Ispat Industries Ltd. This was less than a...

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Pay a pittance, get away For the first time since the ‘Consent Order’ system was introduced in 2007, SEBI’s process of settling charges has been challenged in the Delhi High Court. A public interest litigation has pointed out that the consent regime operates through a circular issued by the...

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