STOCKS


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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MDT/PTI 10 October 2012
Steel Ministry was unwilling to sell shares at lower than the present book value of Rs22.50 a share while merchant bankers UBS Securities and Deutsche Equities have proposed a price band of Rs15-17   New Delhi: The initial public offer (IPO) of state-run Rashtriya Ispat Nigam Ltd...

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Moneylife Digital Team 09 October 2012
The indices will face selling pressure on every intraday rise   The market snapped its two-day losing streak and closed with modest gains after remaining in the positive for the entire trading session. However, political concerns which emerged in the second half of trade saw the...

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Don’t get excited by the moves of FIIs and government The opening of the markets on Friday 14th September looks like a kind of relief rally to me. With so much negativity around, the government’s decision to hike diesel prices looks good. However, the flip side is where the negativity of...

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Moneylife Digital Team 08 October 2012
While the NSE claims to have “attained nirvana” in technology, brokers are being penalised for an error that should have been spotted and rectified or rejected by the ‘robust’ systems at the exchange   The National Stock Exchange (NSE) is blaming brokerage firm Emkay Shares & Stock...

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Moneylife Digital Team 08 October 2012
The recent strong uptrend is over and the market is likely to remain in a downtrend, subject to pullbacks for the next few days at least The market settled lower for the second day in a row on profit booking and weak global cues. On Friday we had mentioned that a close below 5,735 on...

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MDT/PTI 08 October 2012
The Rs2,500-crore IPO of the state-run Rashtriya Ispat Nigam or RINL has been deferred twice since the filing of the draft documents with SEBI New Delhi: Indian government on Monday said it will kickstart its ambitious Rs30,000 crore disinvestment programme with stake sale in Rashtriya...

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Moneylife Digital Team 06 October 2012
A close below 5,735 on the Nifty may result in a reversal   Continuing economic reforms from the government in the week enabled the Indian market close the truncated week with a gain of almost 1%, making it the fifth positive weekly close. Investors will now focus their attention to...

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Vidur Pendharkar 06 October 2012
Volatility is likely to remain high as a move on either side is likely   S&P Nifty close: 5,746.95 Market Trend Short Term: Up                 Medium Term: Up                        Long Term: Down      After a flat opening the Nifty rose for four consecutive trading...

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Gopinath Prabhu 05 October 2012
Given the opaque style of functioning and NSE being the favoured exchange of SEBI, the exchange will go scot-free once again. However, SEBI should seek clarification from NSE and also penalise both exchanges for not following its circular on index-wide filters The so-called high-tech...

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Moneylife Digital Team 05 October 2012
A close below 5,735 on the Nifty may see some change in trend   The market snapped its four-day winning steak and closed lower on pressure from technology, healthcare and banking stocks. A brief halt in trading on the NSE after erroneous orders executed by Emkay Global Financial...

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MDT/PTI 05 October 2012
The shareholders like IDBI Bank, Canara Bank, SBI, IL&FS, Federal Bank, IL&FS Trust would reduce their stake in the IPO of CARE   Mumbai: Domestic rating agency Credit Analysis & Research Ltd (CARE) has got a go-ahead from the market regulator Securities and Exchange Board of India...

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Moneylife Digital Team 05 October 2012
Emkay Global apparently placed non-algo market orders for an erroneous quantity and value of Rs650 crore The National Stock Exchange (NSE) has blamed a brokerage house, Emkay Shares & Stock Brokers, for triggering circuit breakers on the Nifty, which led to closing of the cash market and...

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