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Moneylife Digital Team 18 February 2013
If the Nifty falls below 5,850, watch out for 5,825. A reversal will happen above 5,925 The market snapped its two-day losing streak and settled higher on gains in capital intensive sectors and the broader markets, which were underperformers last week. However, the market continues to...

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Fundamentals have reasserted. With a 5% GDP growth, the rupee at 54 to the US dollar, and inflation at double-digits, how will the FM rekindle growth? Two issues back, in the third week of January, I had written, “While the market may rally a bit more because money is still flowing in...

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Moneylife Digital Team 16 February 2013
The Nifty will have to close above 5,920 in the next two days for a short upmove to start   Underperformance by the broader indices, mainly on lacklustre earnings from corporates, led the market marginally lower on a weekly basis. Disappointing industrial output data overshadowed the...

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Moneylife Digital Team 15 February 2013
As suggested yesterday, the Nifty almost hit 5,850 today (actual low was 5,854). If today’s low holds, the index will try to make a move towards 5,950. If not, the Nifty may hit 5,825   The market settled in the red for the second day on weak corporate earnings and unsupportive global...

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Moneylife Digital Team 15 February 2013
Volume growth for JLR should remain robust in FY14F led by strong growth in China, says Nomura Equity Research in its report on Tata Motors Volume outlook in the domestic MHCV (medium and heavy commercial vehicle) industry remains weak at least in the near term. The recent decline in...

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Moneylife Digital Team 15 February 2013
Indian steel demand has grown at a rate of 4%-5% for the last 12-18 months and has now started to reflect in the weakened pricing power of the companies, says Nomura Equity Research in its report on medium-term prospects for Tata Steel Weak domestic steel demand growth in the last 12-18...

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Moneylife Digital Team 15 February 2013
The company hopes to add $20 million in revenues in FY13 and improve its focus on client retention and acquisition on its non-core client base. Nomura thinks the company is worth Rs110 per share Nomura Equity Research, which hosted Hexaware non-deal roadshow, reports that the management...

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Moneylife Digital Team 15 February 2013
Consolidated total income dropped 19.6% to Rs4,047.7 crore from Rs5,033.5 crore during the same period Suzlon Energy, one of the largest wind turbine suppliers, reported a consolidated net loss of Rs1,154.5 crore in the third quarter of FY13, a four-fold increase compared to a loss of...

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Moneylife Digital Team 15 February 2013
The company said the growth in revenue was on the back of strong demand, growth in volumes and favourable market mix at Jaguar Land Rover Tata Motors on Thursday reported a 52.2% decline in consolidated net profit for the third quarter ended December 2012 at Rs1,636.01 crore compared...

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Moneylife Digital Team 14 February 2013
Supreme Infrastructure (one of our Street Beat picks) has posted good third quarter results, with strong sales and operating profit and got a good pipeline of orders during the third quarter. We had written about the stock when it was Rs290.80. It is now quoting at Rs205. As we had feared, is...

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Moneylife Digital Team 14 February 2013
The total provisioning of the bank stood at Rs4,394.70 crore during the December quarter, up from Rs3,996.97 crore in the year-ago period State Bank of India (SBI), the country’s largest lender, reported a marginal 4.08% increase in net profit at Rs3,396 crore for the third quarter ended...

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Moneylife Digital Team 14 February 2013
If the Nifty cracks the recent low of 5,879, it may be headed for 5,850 in this leg of decline   The market snapped its two-day winning streak on selling in market heavyweights on lacklustre quarterly numbers. If the Nifty cracks the recent low of 5,879, it may be headed for 5,850 in...

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Moneylife Digital Team 14 February 2013
Wipro was down 3.13% to Rs396.65 on the NSE and Siemens was trading 3.32% lower at Rs584.50 in noon trade following the announcement IT major Wipro and diversified group Siemens will be excluded from the National Stock Exchange's benchmark index Nifty from 1st April.   India...

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Moneylife Digital Team 13 February 2013
Madras Cements (one of our Street Beat picks) has posted decent third quarter results, amidst difficult economic conditions and survived a cement dealers’ strike. We had recommended the stock on 8 May 2012 at Rs 107.10. The stock closed at Rs242.65 today, up by 126.78% in over eight months

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Moneylife Digital Team 13 February 2013
The Nifty went past our target of 5,960 but could not sustain. The market seems to be trapped in the 5,890-5,970 range. The medium-term trend continues to be strongly down   Although the market was in the positive throughout the trading session, the benchmarks pared their gains in late...

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Moneylife Digital Team 12 February 2013
Domestic Institutional Investors (DIIs) have sold an estimated $3.5 billion worth of equities, in contrast to their foreign counterparts who have been pumping money as if there is no tomorrow. They are averse to financials while FIIs are heavily betting on exactly those Yesterday, we had...

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Moneylife Digital Team 12 February 2013
Motherson Sumi (one of our stockletter picks) has posted very good third quarter results, with We had recommended the stock on 1 June 2012 at Rs 107. The stock closed at Rs190.45 today, up by 77% in eight months Automobile ancillary producer and flagship of the Samvardhana Motherson...

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Moneylife Digital Team 12 February 2013
Insecticides India (one of our Street Beat recommendation) has posted average third quarter results, with both sales and profit trending upwards. We had recommended the stock on 18 October 2012 at Rs 412. The stock closed at Rs405 today, down 2% in four months We had written about...

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Moneylife Digital Team 12 February 2013
The medium-term trend remains down. A 3-4 day rally may be met with renewed selling   The market settled higher despite the dismal macro-economic numbers released today, with the Sensex snapping its eight-day losing streak. However, the medium-term trend remains down. A 3-4 day rally...

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Moneylife Digital Team 12 February 2013
Following the expiry of the agreement, S&P CNX Nifty Index has been renamed as CNX Nifty Index. The ‘S&P’ trademark has also been dropped from the names of other indices of the National Stock Exchange International financial market indexing and ratings major Standard and Poor’s (S&P’s)...

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