STOCKS


Moneylife Digital Team 28 December 2012
As ABCIL digests last year’s takeover, profit should rebound Aditya Birla Chemicals (India) Limited (ABCIL), a unit of the Aditya Birla group, has been a leading caustic soda producer in the eastern region of the country, competing with Gujarat Alkalies, the leading player in the west....

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Moneylife Digital Team 27 December 2012
While the market indices have avoided going down for now, there is no sign of an upmove   The market snapped its two-day winning streak and settled lower on selling pressure from IT, oil & gas, metal and technology sectors. While the market indices have avoided going down for now, there...

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MDT/PTI 27 December 2012
IndusInd International Holdings sold 33 lakh shares out of its 13.12% stake in IndusInd Bank for about Rs423 per share or Rs138 crore Mumbai: IndusInd International Holdings, one of the promoters of IndusInd Bank, has offloaded nearly 33 lakh shares of the private sector lender for a...

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Moneylife Digital Team 27 December 2012
With the earnings season already over and with not many changes in our choice of bests, we would have to wait for the results of the December quarter to look for further indicators   With the earnings season behind us, there wasn’t much change to the value picks list. Ruchira Papers...

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Moneylife Digital Team 27 December 2012
After all that initial euphoria about investing in infrastructure sector, it dint take long to come back to the basics   If properly implemented, infrastructure can become the engine of development for India and propel us into a double-digit growth rate due to its huge multiplier...

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Moneylife Digital Team 27 December 2012
GSK Consumer Healthcare zoomed 25%, Crisil shot up 11%, Gujarat State Fertilizers & Chemicals dipped 1%   Gainers: GlaxoSmithKline has offered to increase the stake of its Indian subsidiary arm—GlaxoSmithKline Consumer Healthcare—from 43.2% to up to 75% through a voluntary open offer...

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Moneylife Digital Team 27 December 2012
Atul Auto rocketed 19%, Colgate-Palmolive went up 9%, while Supreme Infrastructure tanked 7%   Gainers: Atul Auto Ltd, a manufacturer of three-wheelers, saw its April to November sales at 20,748 units, up 20.75% from 17,183 units for the corresponding period last year. Its market...

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Moneylife Digital Team 26 December 2012
Nifty manages to keep itself above 5,870, the recent downtrend may end. But will the short subsequent upmove be sustainable? Of the markets that were open today, all the Asian indices closed in the positive, except for Taiwan Weighted which closed marginally lower. The Indian benchmarks...

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Moneylife Digital Team 24 December 2012
The market is in a downtrend. The Nifty will need to close above 5,940 to negate the downtrend for now The market closed marginally in the positive, on a minor recovery in late trade amid range-bound trade. The market is in a downtrend. The Nifty will need to close above 5,940 to...

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Market-players are usually clueless about politics which has caused bulls much anguish in the past. Will it happen again? On Friday, 30th November after a solid up-move during the week, the Nifty closed at 5,879. Two weeks later, too, it closed at 5,879. Two further weeks later, it is at...

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Moneylife Digital Team 22 December 2012
If so, we may see a minimum of 5% decline from last week’s high The continuing impasse in the US over the budget deal was seen as the main reason for the Indian market ending lower this week. Even positive news like the clearance of the Banking Laws (Amendment) Bill by the Parliament,...

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Moneylife Digital Team 21 December 2012
In the first leg, the Nifty may hit 5,750   The domestic market settled lower for the second day in a row on weak global cues which led to an across-the-board sell-off. The over 1% decline in the market indices confirms a downtrend. In the first leg, the Nifty may hit 5,750. The...

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Moneylife Digital Team 20 December 2012
There is no short-term direction so far but the medium-term downtrend is intact   The local market settled marginally lower, snapping the two-day winning streak, on weak global cues and a sell-off in consumer durables, auto and capital goods stocks. The market indices are struggling to...

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Moneylife Digital Team 19 December 2012
If the Nifty rallies higher, the next target would be 6,050   The market ended in the green for the second day on optimism from Indian parliamentarians on the government’s reforms and positive global cues. The market indices are trying to break out of a narrow trading zone. If the...

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MDT/PTI 19 December 2012
SEBI chief Sinha said credibility of primary markets is at stake as retail investors on many occasions are left clueless about their returns as scores of stocks are trading way below listing price Mumbai: Market regulator Securities and Exchange Board of India (SEBI) on Wednesday...

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Moneylife Digital Team 18 December 2012
The market is trying to rise but the trend is still down The market brushed the status quo maintained by the Reserve Bank of India on the interest rates and closed slightly off the day’s highs on across-the-board buying support. The market is trying to rise but the trend is still down....

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Nidhi Bothra 18 December 2012
The Supreme Court has ruled that dues by borrowers with regard to derivatives contract shall be covered under RBI’s Master Circular providing rules on wilful defaulters. The ruling does not resolve the controversy as it only addresses a minor issue. The heart of the matter—whether banks...

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Some commonsense ideas for the patient long-term investor My perception is that equity mutual funds deliver average returns. In the earlier days, they were able to deliver above-average returns due to their small size and overall corpus being small in relation to the market. As the size...

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Moneylife Digital Team 17 December 2012
We had said on Thursday that while the decline may be temporary, the gains would also be short. The market indices are following this script   The domestic market settled with a minor loss a day ahead of the Reserve Bank of India’s mid-quarter policy review. While the decline may be...

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Moneylife Digital Team 15 December 2012
Watch the lows of last week for a possibility of a further decline   The domestic market snapped the three week gaining spree to settle lower this week. The market turned weak as investors were worried about governance issues after Parliament witnessed more adjournments even as the...

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