STOCKS


Moneylife Digital Team 31 July 2013
A close above 5,805 on the Nifty tomorrow may be the first sign that the current downtrend is temporarily over   The market staged a recovery in the post-noon trade Wednesday on buying in IT stock and some heavyweights, but closed flat. The NSE saw a volume of 78.10 crore shares, one...

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Moneylife Digital Team 31 July 2013
On a consolidated basis, ICICI Bank reported a 32% growth in net profit at Rs2,747 crore in the June 2013 quarter against a net profit of Rs2,077 crore in the first quarter of the 2012-13 fiscal   Private sector lender ICICI Bank on Wednesday reported a 25% growth in standalone net...

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Moneylife Digital Team 30 July 2013
Only a close above 5,820 on the Nifty tomorrow will be the first sign of a reversal in downtrend   Indian benchmarks closed with losses of over 1.2% as the RBI cut the GDP growth forecast for the current fiscal to 5.5% and decided not to change its monetary policy. The National Stock...

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Moneylife Digital Team 30 July 2013
Reliance Power reported benign earnings for its June quarter due to lower sales off-take. It has also commissioned the 45 megawatt wind plant in Vashpet Reliance Power Ltd reported a flat net profit for the first quarter to end-June on lower sales. For the quarter to end-June, the...

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Moneylife Digital Team 30 July 2013
The hosiery manufacturer reported good results during the June quarter as both its sales and net profit increased helped by lower commodity prices and better control over raw material costs   Rupa & Co, manufacturers of hosiery garments and apparels, reported a 25% jump in its first...

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Moneylife Digital Team 29 July 2013
For Nifty to reverse its downtrend, it has to close above 5,940. All eyes are on the RBI's policy announcement due on Tuesday   The market settled near the lows of the day on selling pressure from FMCG, PSU and metal stocks. If the Nifty manages to close above 5,940, we may see the...

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Moneylife Digital Team 26 July 2013
The indices may try to rally next week, but upmoves will be weak and downmoves will be strong The market snapped its four-week winning streak and settled lower on growth concerns and nervousness ahead of the Reserve Bank of India’s (RBI) quarterly policy review, due on 30th...

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Moneylife Digital Team 26 July 2013
If the Nifty closes below 5,835, the index may head much lower while a close above 5,920 may lead to a short rally After a volatile session throughout the day, the indices ended in the negative for the third day in a row. Both the Sensex and the Nifty opened well in the positive. The...

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Moneylife Digital Team 26 July 2013
The fast moving consumer goods company reported a fall in net profit due underlying volume growh of 4% in the domestic market. According to Harish Manwani, chairman, there are near term concerns for HUL particularly around slowing market growth Hindustan Unilever, one of India's leading...

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Moneylife Digital Team 26 July 2013
PNB shares fell sharply due to a spike in its gross NPAs during the June quarter, raising concerns about its asset quality. According to a brokerage, half of the Bank's NPAs are from gems and jewellery sector Punjab National Bank (PNB) shares hit its four-year low to Rs584.4 on Friday...

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Moneylife Digital Team 26 July 2013
The financial arm of the M&M group of companies reported strong results, aided by higher disbursement, despite economic headwinds and a slowdown in the automotive industry Mahindra & Mahindra Financial Services Ltd (MMFSL) reported a 19% higher net profit at Rs191 crore during the June...

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Moneylife Digital Team 26 July 2013
The footwear company is aggressively expanding its retail footprint and has reported good numbers for the quarter ended 30 June 2013 Bata India Ltd, India’s leading footwear retailer and manufacturer, saw its June quarter net profit grow 17.6% to Rs61.94 crore driven by robust sales...

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Moneylife Digital Team 25 July 2013
If the Nifty manages to keep itself above 5,840 we may see some minor recovery For the second consecutive trading session the indices opened lower and immediately after hitting the days high, witnessed sharp selling pressure on the last day of July series expiry. The Sensex opened at...

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Dr SD Israni 25 July 2013
Sebi has approved non-convertible redeemable preference shares. What should you know about them? The Indian capital market regulator, the Securities and Exchange Board of India (SEBI), has been introducing a slew of measures to deepen the markets as well as to protect the interest of...

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Moneylife Digital Team 24 July 2013
If the Nifty manages to close above 6020, the uptrend may resume but looks like a downtrend has started Sensex and the Nifty opened lower at 20,200 and 6,032. Yesterday we had mentioned that for the current up move to end, the Nifty should close below 6020. Today the index closed much...

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Equity investment is not a shortcut to multiplying your money. First try and create a corpus through a long term plan. Then, take the risks you want, with money that is really surplus and where the loss is not going to hurt you. When it comes to equities, each of us has a different...

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Moneylife Digital Team 23 July 2013
However, for the current upmove to end, Nifty should close below 6020. The Indian equity market ended with smart gains on Tuesday. The Nifty ended just shy of hitting the 6,100 mark while the Sensex managed to surge past the 20,350 in mid-afternoon trades. The Sensex closed at 20,302, up...

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Moneylife Digital Team 22 July 2013
If the Nifty closes below 6,010, the current uptrend will be under threat   The market erased most of its gains, but settled marginally in the positive, after engineering major L&T’s quarterly number failed to meet market estimates. If the Nifty closes below 6,010, the current uptrend...

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A rising market in a weak economy means inflation is feeding into stock prices At the time of writing, the Sensex was back above 20,000, as the rupee has now stabilised just below the psychological level of 60 to the dollar, partly due to the Reserve Bank of India’s (RBI’s) move to...

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Moneylife Digital Team 20 July 2013
The indices are completing almost a month of run up from the lows of 26th May. More gains without a correction, may be hard to come by The domestic market ended the week in the green following the government’s move to enhance FDI limits in a host of sectors and firm quarterly results...

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