Another Fake?

Reliance Industries Limited (RIL) has charged a brokerage firm, Avendus Capital, with circulating a fake report about an impending out-of-court settlement between the Ambani brothers. It has filed a complaint with the stock exchanges and the regulator accusing the firm of creating a ‘false market’ in its stocks which, indeed, flared up after Bloomberg reported the news. After...

Equity funds that have done well in the December quarter had a low exposure to equities and held more cash

As the market showed signs of stabilising towards the end of the year, mutual funds have turned in a relative outperformance. Of the 193 equity diversified growth funds, excluding institutional plans and new funds launched between October 2008 and December 2008, a majority (137 funds)...

In the previous issue, we had mentioned that should the Sensex hold the 8,700 level, it would mean that the major market decline is over. This level did hold and this can be taken as confirmation of the termination of the major bear market that began in January 2008. Also, the Sensex has pierced 10,100, which was decisive because it was the upper end of the range it had been trading at. ...