STOCKS


Moneylife Digital Team 16 October 2012
We mentioned yesterday that a short rally is likely but the trend is down. Today the market opened positive but fell in the afternoon session. A close below 5,630 on the Nifty may lead to a short but sharp decline   The market pared the gains accrued in the morning session and...

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MDT/PTI 16 October 2012
The IPO reforms would help large number of small applicants get shares in an oversubscribed issue and minimum application size for all investors has also been increased to Rs10,000-Rs15,000 from Rs5,000-Rs7,000 at present   Mumbai: Market regulator Securities and Exchange Board of...

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MDT/PTI 16 October 2012
Axis Bank's total revenues, including interest income of the lender increased by 27% to Rs8,280.29 crore during the September quarter   New Delhi: Private sector lender Axis Bank recorded 22% increase in its net profit at Rs1,123.54 crore for the second quarter ended September 2012 on...

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Moneylife Digital Team 15 October 2012
A small recovery is possible tomorrow but the trend is sideways to down The market settled in the positive amid choppy trade on support from fast moving consumer goods, oil & gas and realty stocks and a optimism from the European bourses. As we mentioned in our Friday’s closing report,...

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Moneylife Digital Team 15 October 2012
Reliance Industries said weakness in global economies and resultant margin environment resulted in its second quarter net profit declining 5.7% even as its revenues increased by 15.4% to Rs93,265 crore   Reliance Industries (RIL), India's largest private sector company, on Monday...

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Moneylife Digital Team 15 October 2012
Morgan Stanley has cited the TINA factor, or “There Is No Alternative” as one of the reasons why India could do very well next year Morgan Stanley has argued in one of their recent reports that the Indian stock market is likely to perform well in 2013 as it remains the most attractive...

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Moneylife Digital Team 15 October 2012
Nomura’s new proprietary indicator developed by its quant team called Nomura Economic Surprise Index for India (NESII) is designed to help investors predict whether stock market will turn bullish or bearish. It has    Beating the stock market is tough. With a torrent of information...

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Will Indian policy-makers meet the same fate as the US Fed’s? In the middle of October, the US Federal Reserve Board chief, Ben Bernanke, and US treasury secretary, Tim Giethner, were in India. We don’t know what they had come here for. It is unusual for a Fed governor to come to India....

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Moneylife Digital Team 13 October 2012
A clear direction to emerge in the next few trading sessions   The market snapped its five-week winning streak and closed over 1% down this week on concerns about the slowdown, as highlighted by a slew of economic indicators, and a weak guidance by IT major Infosys on Friday. Headline...

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Vidur Pendharkar 13 October 2012
The trend remains up despite the correction and the first couple of days of next week should make the short-term picture clearer    S&P Nifty close: 5,676.05       Market Trend Short Term: Up                       Medium Term: Up                        Long...

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Moneylife Digital Team 12 October 2012
It will probably take 2-3 trading days to form a clear direction   The market settled in the red on a bleak outlook for FY13 given by software major Infosys this morning. After making a higher high and higher low, the Nifty ended in the negative. We may continue to see the weakness...

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MDT/PTI 12 October 2012
SUUTI, created in 2002 after the then UTI was wound up, owns stakes in ITC, Axis Bank and L&T, which the government is planning to en-cash as its effort to meet the fiscal deficit target   Mumbai: State-run Life Insurance Corp of India (LIC) on Friday said it has not been approached...

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Moneylife Digital Team 12 October 2012
Euphoria over power sector reforms ignores severe concerns on fuel shortage, says Nomura and downgrades BHEL to ‘reduce’. It sees the current rally as an excellent opportunity to exit the stock   Revival of new orders in the power equipment sector is unlikely and the euphoria on SEB...

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Moneylife Digital Team 12 October 2012
In its latest report, Espirito Santo has downgraded one of the greatest value creators of the last decade because the stock is overvalued, relative to slower sales growth guided by the management   The management of TTK Prestige, one of the solid mid-cap performing stocks, with a 40%...

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Moneylife Digital Team 12 October 2012
In its Q2 earnings preview note, Nomura has come up with a list of sectors and companies to watch. It feels media, pharma and consumer will trump while banks, automobiles, mining and electrical equipment might suffer   As we enter the earnings season, Nomura Equity Research has come...

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Moneylife Digital Team 11 October 2012
The indices closed above yesterday’s high today. The downtrend has been arrested for now but a strong uptrend looks doubtful   After remaining in the negative for a major part of the morning session, the announcement by the government approving direct transfer of urea subsidy and a...

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Moneylife Digital Team 11 October 2012
In its latest “India Equity Strategy” report, Nomura remains very cautious going forward and has painted a bleak preview of the upcoming quarter. Media and consumer discretionary are likely to do well Stocks are driven by earnings and sentiment. The more important of the two indicators...

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Moneylife Digital Team 11 October 2012
SKS Microfinance is on the upmove after receiving QIP funding and stabilisation of regulatory risks. However, its culturally and politically sensitive business model is still a concern for investment in the MFI sector The share price of SKS Microfinance has increased by about 50% since...

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MDT/PTI 11 October 2012
Van Gogh, which held 66.25 lakh shares in Shriram City Union has sold about 25 lakh shares at Rs771 per share Mumbai: Van Gogh Ltd, one of the shareholders of Shriram City Union Finance, has offloaded about 25 lakh shares of the non-banking finance company (NBFC) for a little over Rs190...

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Moneylife Digital Team 10 October 2012
As suggested yesterday, the intraday rallies today were met with selling. Only a close above any previous day’s high would mean a trend reversal   Warning of a downgrade of India’s sovereign rating in the next years by S&P and European concerns led the market lower today. Today the...

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