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MDT/PTI 03 September 2012
HSBC has garnered an estimated Rs2,800 crore through sale of its shares in Yes Bank, Axis Bank and Federal Bank, while its 4.46% stake in Karnataka Bank is worth about Rs70 crore as per current market valuations New Delhi: Banking major HSBC is looking to offload its entire 4.46% stake...

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Moneylife Digital Team 01 September 2012
Higher high, higher low on the Nifty may change the trend   After closing in the positive for four weeks in a row, the Indian market closed lower on the continuing disruption of Parliament proceedings with the main opposition party, BJP, demanding nothing less than the resignation of...

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Vidur Pendharkar 01 September 2012
Its deuce at this moment as per the weekly time frame and both the bulls as well as bears have to make more efforts to tilt the balance decisively in their favour S&P Nifty close: 5,258.50 Market Trend   Short Term: Sideways                       Medium Term:...

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Moneylife Digital Team 31 August 2012
A higher high and higher low, which has not happened for the last four days, will be the first sign of reversal     The market closed in the red on the back of a slowdown in the country’s first quarter economic growth and continuing paralysis of the Parliament. Receding...

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Moneylife Digital Team 31 August 2012
BNP Paribas’ Market Outlook report says that recent outperformance in the stock market seems to be based on hopes of policy implementation. But such hopes seem to be getting continuously postponed, and 2012 has been a year of “shifting milestones” BNP Paribas Securities India’s Market...

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Moneylife Digital Team 31 August 2012
While consumer stocks are trading at multi-year high valuations, Nomura Equity Research believes that investors continue to favour them due to their defensive nature Consumer stocks continue to outperform with the BSE FMCG index up 5% in August versus the Sensex’s gain of 2%. While these...

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Moneylife Digital Team 31 August 2012
Finally, the oldest stock exchange from Asia, is going to list its own shares, which may allow its stakeholders a good exit price BSE Ltd, formerly known as Bombay Stock Exchange, has decided to list its shares by March 2013. This was announced at the annual general meeting (AGM) of the...

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Moneylife Digital Team 30 August 2012
Fresh cues from the US may decide market direction. Meanwhile, a short rally may be on the cards   The market closed in the positive as buying in realty, healthcare and tech stocks in the last hour enabled the benchmarks pare their losses, snapping their four-day losing streak....

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Moneylife Digital Team 29 August 2012
Sell on rallies is the rule for now   The market settled lower on extensive selling in blue chips and cautiousness ahead of the release of India’s first quarter GDP data. Yesterday we had mentioned that the bourses may see a bounce back. Currently the market is highly oversold. A...

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MDT/PTI 29 August 2012
HSBC sold its entire 4.98% stake in Federal Bank at an average price of Rs401.04 per share, while Warhol and ICICI Prudential MF increased their stake in the Kerala-based lender   Mumbai: Global banking giant HSBC has sold its entire five% stake in Kerala-based private sector lender...

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Moneylife Digital Team 28 August 2012
Three days of continuous fall may be followed by a small gain but the trend is down The market, which witnessed a recovery from the lows in the last hour of trade on buying in select blue chips, still settled in the negative for the third consecutive day. Disruption of Parliament...

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MDT/PTI 28 August 2012
These shares, offloaded through open market transactions between 28th June and 24th August this year, were worth Rs160.15 crore. LIC now holds 9.71% stake in Tata Global Beverages   New Delhi: Life Insurance Corp of India (LIC) has sold shares worth Rs160 crore of Tata Global...

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Moneylife Digital Team 27 August 2012
A lower low may take the Nifty further down to 5,320 The market extended its losses for the second straight day on the political impasse in Delhi and selling in banking, capital goods and technology sectors. On Friday we had mentioned that the upmove on the bourses has stalled. Today the...

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Moneylife Digital Team 27 August 2012
A report released by Morgan Stanley Research (Asia/Pac) states that volatility could increase going forward and also analyses the correlation between Sensex and FII flows Morgan Stanley Research (Morgan Stanley) has released a report titled “India Strategy: Elevated Importance of FII...

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More than three years ago, L&T CMD AM Naik had assured the media that the company has plans to unlock value for its shareholders by spinning off many of its operations into independent companies. However, nothing has really happened since then. Spinoffs would be of great benefit to...

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Moneylife Digital Team 25 August 2012
The Nifty may find its first support at 5,295     The market closed with modest gains in the holiday-shortened week, making it the fourth weekly close in the positive. Global cues and positive corporate news supported the gains. However, the stand-off by the opposition in Parliament...

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Vidur Pendharkar 25 August 2012
While the Nifty has been holding around the 5,400 mark, the bulls were unable to make any headway even though they have been in control. One will have to wait for the market to decide its immediate future course S&P Nifty close: 5,386.70 Market Trend   Short Term:...

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Moneylife Digital Team 24 August 2012
If the Nifty breaches the day’s low again we may see it finding support at 5,295   The market settled lower on weak global cues and selling in capital goods and banking stocks. Yesterday we had mentioned that the Nifty has to stay above the day’s low of 5,394 for the uptrend to...

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Moneylife Digital Team 23 August 2012
The indices have to stay above today’s low to continue the uptrend The Asian indices had a mixed opening, while the indices at home opened in the positive. The Sensex opened at 17,856 while the Nifty opened at 5,426. Speculation that central banks in the US and China will ease monetary...

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Moneylife Digital Team 23 August 2012
As many as 246 companies have pledged more than 50% of their holdings, which includes United Spirits, Pantaloons Retail, Wockhardt and Unitech. The value of pledges has fallen this quarter According to Morgan Stanley’s analysis a third of 767 companies have pledged more than 50% of their...

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