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MDT/PTI 23 January 2013
Following the transaction, LIC’s total shareholding in Dr Reddy's Laboratories has come down to 6.31% from 8.38% New Delhi: Pharmaceutical company Dr Reddy’s Laboratories said state-run Life Insurance Corporation of India (LIC) has cut its stake in the company to 6.31% by selling shares...

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Moneylife Digital Team 22 January 2013
As of now, the decline is expected to be shallow. The fall will be sharper if the Nifty closes below 6,030   The market gave up its morning gains and settled at the lows of the day on selling pressure in realty, consumer durables and FMCG stocks. As of now, the decline is expected to be...

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Moneylife Digital Team 22 January 2013
Much to our amazement, foreigners have poured in over $24 billion in 2012 to create a sharp rally in India. Since as much as $1.8 billion were pulled out of India-focused funds and ETFs, a Morningstar report gives an interesting take as to where the money came from in 2012 to create the sharp...

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Moneylife Digital Team 21 January 2013
The market volatility is down even as the indices are rising slowly. A quick correction may be round the corner The Indian market closed higher for the third day in a row on buying in blue-chips and a positive trend in the European markets. The market volatility is down even as the...

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Is the bull market maturing or consolidating? One gets the feeling that a strong bull market in India, lasting well into 2014, is taken by most to be a given. Brokerage firms are coming out with innovative stories of the kind of stocks that will work well. Glib phrases like ‘cyclicals...

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Moneylife Digital Team 21 January 2013
The year changed and so did our value portfolio-for the better   As we bid goodbye to 2012, our value pick portfolio changed, based on market-capitalisation at the end of the year. We saw a lot of shuffling this time. Interestingly, in the mega-cap space, two companies from the...

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Moneylife Digital Team 19 January 2013
On a weekly basis, the Nifty has to hold 5,940 for the bullish trend to continue The market settled in the green this week supported by the populist measures by government a decline in headline inflation numbers and a slew of positive third quarter results released by corporates during...

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Moneylife Digital Team 18 January 2013
TTK Prestige has disappointed the market once again as discount sales hurt margins along with competition from cheap Chinese imports Espirito Santo Securities (ESS) has downgraded TTK Prestige, a leading manufacturers of cooking and kitchen ware, to SELL. Not surprisingly, negative...

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Moneylife Digital Team 18 January 2013
For the Nifty to reverse, it has to go below 6,025 The market settled in the positive for the second day in a row as investor sentiment received a boost following the government’s decision in allowing oil companies to hike diesel prices. From here, if the Nifty goes below 6,025, we may...

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Moneylife Digital Team 18 January 2013
Espirito Santo Securities has reduced FY13 estimates but retains bullish FY14 views. It also finds asset quality has deteriorated while CASA ratio has improved along with growth Espirito Santo Securities (ESS) feels that Federal Bank, the Kerala-based regional bank with a strong...

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Moneylife Digital Team 17 January 2013
Nifty may be range-bound between 6,000 and 6,060 unless either of these levels are broken Positive signals from the government helped the market recover more than half of the losses incurred yesterday. We may see the short-term decline stalling for now. However, the Nifty may be...

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Moneylife Digital Team 16 January 2013
 We have been warning that the short rally which started on Monday was extremely risky. Today, the Nifty gave up a substantial part of the two-day gains. Now 5,950 will be make-or-break for the benchmark in the short-term A bleak picture of the Indian economy painted by the World Bank...

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Moneylife Digital Team 15 January 2013
Yesterday we mentioned that Nifty is headed for 6,080 but the market is vulnerable to a sharp decline   Upbeat quarterly performance by TCS and gains in realty, banking and FMCG stocks enabled the volatile market close higher for the second day in a row. However, the market is in a...

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Moneylife Digital Team 15 January 2013
The BSE Sensex first crossed 20,000 in October 2007 and then several times thereafter. In the past, whenever it crossed 20,000, it couldn’t sustain the trend. Will Sensex be lucky this time? We describe what happened on each occasion the Sensex crossed 20,000 The Bombay Stock Exchange...

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MDT/PTI 14 January 2013
During the December quarter TCS' net profit rose 27% while total revenue increased 21% on productivity gains and expanded operating margins Mumbai: Tata Consultancy Services (TCS), India’s largest software company, on Monday reported a 26.7%jump in its consolidated net profit to Rs3,550...

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Moneylife Digital Team 14 January 2013
Nifty could be headed towards 6,080. But the market is turning extremely risky   News of the government deferring the implementation of the General Anti Avoidance Rules by two years and December headline inflation falling to a three-year low enabled the market close near the highs of...

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Jason Monteiro  and   Pratibha Kamath 14 January 2013
Over the past 10 years, companies from banking & finance, consumer products and consumer durables have created maximum shareholder value. A Moneylife annual study, by Jason Monteiro and Pratibha Kamath This is the seventh year of our study of companies that have created outstanding...

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MDT/PTI 14 January 2013
Consumer affairs minister KV Thomas said that a tax on commodities derivatives trade, on the lines of securities transaction tax or STT, will hamper the growth of the organised commodity market in India New Delhi: Amid demand from some banks to impose a tax on commodity derivatives in...

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Moneylife Digital Team 12 January 2013
The Nifty has to rally above 6,030 for a fresh upmove to start. A decline below 5,930 will trigger further selling The market ended lower in the week as subdued macro-economic data overshadowed the upbeat guidance from IT major Infosys. Inflation data for December, which will be...

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Moneylife Digital Team 11 January 2013
Watch whether the Nifty slips below 5,930. In that case, the index would head towards 5,850 The market which opened with good gains following an optimistic forecast from Infosys, soon trended lower and settled flat dismal IIP data for December. The market is still under pressure. If the...

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