STOCKS


Moneylife Digital Team 22 September 2011
More decline on the cards following global sell-off The risks associated with the negative outlook for the US economy announced by the chief of the US central bank on Wednesday night, resulted in the domestic benchmarks recording their biggest one-day fall in more than two years. Both...

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When were they ever transparent? A set of high-profile retired government officers have filed a public interest litigation (PIL) in the Supreme Court of India (SC) challenging the composition of the search-cum-selection committee to shortlist the chairman and members of SEBI. According to a...

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Lawyers and accountants (caught) breaking their silence Our corporate sector and key intermediaries, like lawyers and accountants, follow a nice code of silence when it comes to doubtful practices. But a batch of WikiLeaks cables released on 26th August shows that they are frank and...

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Moneylife Digital Team 22 September 2011
Expansion of existing facilities and greenfield projects will ensure growth Vivimed Labs is current into specialty chemicals (used mainly in the personal-care and cosmetics industry), pharmaceuticals, active pharmaceutical ingredients (APIs) and formulations. It also has a presence in the...

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Moneylife Digital Team 22 September 2011
Strong financials and good growth prospects Chandigarh-based SML Isuzu, maker of the Swaraj brand of commercial vehicles, now operates as a subsidiary of Sumitomo Corporation of Japan, after a series of ownership changes. SML Isuzu also exports its products to countries like Nepal,...

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Moneylife Digital Team 21 September 2011
Nifty may struggle between 5,125 and 5,230 before a decisive move The market closed flat with a negative bias as investors all over the world wait for positive signals from the US Federal Reserve. The NSE traded on a volume of 61.12 crore shares, the second highest in the past six days....

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Moneylife Digital Team 20 September 2011
Nifty may reach the level of 5,300 Defying global events, the market notched good gains on the back of buying by institutional investors. The Nifty made a seven-day intra-day high (including today) at 5,150. The index has been able to reach at more or less the same level at which the...

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Moneylife Digital Team 19 September 2011
Watch out for Nifty below 4,990, for further declines The market closed lower, snapping its three-day winning streak, mainly on weak global cues. The National Stock Exchange witnessed a volume of 50.31 crore shares, the lowest in the past 11 days. The benchmark Nifty touched an...

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The growth of emerging markets is certainly gratifying, but to assume that there is such a thing as an economic bloc of BRICS—or that it should be loaning money to help out Europe is simply absurd This week, as part of the ongoing sovereign debt crisis affecting the euro, we were treated to a...

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Moneylife Digital Team 16 September 2011
It is always darkest before dawn... Major inflows needed for Nifty to reach 5,190 The market discounted the interest rate hike by the Reserve Bank of India and was in the positive for almost the entire trading session today. However, strong volatility capped the gains resulting...

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Moneylife Digital Team 15 September 2011
Market gains on lowest volume on the past nine days Gains in late trading, together with a positive mood in the US and European markets, helped the domestic market close in the green for a second consecutive day. Investors will now focus on the Reserve Bank of India’s (RBI) mid-quarter...

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Moneylife Digital Team 14 September 2011
Bounce-back to continue to the level of 5,070 The market ended its three-day losing streak to climb higher, even as headline inflation for August inched closer to double-digits. Yesterday, we mentioned that the Nifty should close above 4,980 to resume its uptrend. Today's intra-day high...

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Moneylife Digital Team 13 September 2011
Nifty should close above 4,980 for the uptrend to resume The market erased gains in morning trade to end flat with a negative bias, down for a third day in a row today. However, volumes on the National Stock Exchange (NSE) were at 62.72 crore shares which was higher than yesterday. In...

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Whether it’s equity versus debt, or debt and gold, perhaps even developed markets against emerging markets, the allocation formulas just don’t seem to be working as well as before. Models based on past data which are validated only against that past data, it seems, have limited validity The...

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Moneylife Digital Team 12 September 2011
Nifty should sustain above today’s low to push higher Worries about a possible debt default by Greece dragged global markets sharply lower today, and India was no exception. The weak domestic industrial output numbers for July also added to the woes. Today, the Nifty opened at 4,982,...

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Moneylife Digital Team 09 September 2011
Nifty to find its direction after Monday’s move The market snapped a three-day winning streak on dismal global cues, after US Federal Reserve chairman Ben Bernanke gave no signal on fresh stimulus for the economy in a speech last night. Contrary to our expectations over the last few...

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Competition Commission shows the way Three cheers to the Competition Commission of India (CCI) on two major decisions. One was the stunning Rs630-crore fine on DLF for just one Gurgaon project, causing its stock price to tank; the second was on the National Stock Exchange (NSE) which was...

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Moneylife Digital Team 08 September 2011
Nifty to oscillate between 5,065 and 5,200 The market closed higher for a third consecutive day today, in volatile trading, after a positive opening by key European indices supported a sharp rise in domestic stocks in post-noon trade. Going ahead, the Nifty may move sideways in the...

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SEBI members have been issuing orders arbitrarily Chairman UK Sinha may have started out fighting an internal battle at SEBI, but his initiative of an objective analysis of the consent orders passed by the regulator was long overdue. These are quasi-judicial proceedings and we have...

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Moneylife Digital Team 08 September 2011
The company has a near-monopoly on the manufacture of air brakes in India Wabco TVS (India), which started off as a joint venture between the TVS group and Wabco Holdings Inc, pioneered the manufacture of air-assisted and air-brake systems for commercial vehicles in India. The company...

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