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Moneylife Digital Team 01 February 2013
While the market trend is down, the Nifty’s support is at around 5,950 The market closed lower on a fall in India’s manufacturing output in January and weak corporate results of Bharti Airtel and BHEL, among others. While the market trend is down, the Nifty is expected to find support at...

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Moneylife Digital Team 01 February 2013
Tide Water India has posted benign results amidst an industry downturn although its sales went up We had recommended investing in Tide Water Oil Co in our Moneylife issue on 1 November 2012 . The company has announced its third quarter result for the fiscal ending March 2013. It recorded...

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Moneylife Digital Team 01 February 2013
Among verticals, manufacturing, technology, media and entertainment dragged while the emerging vertical (largely government) revenues increased by $7 million and was the primary driver for incremental revenue addition in the third quarter FY13 for Mahindra Satyam The key disappointment...

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Moneylife Digital Team 01 February 2013
Redington India has posted positive growth on strong iPhone and Samsung sales but its results are short of overall consensus estimates Redington India announced a net income of Rs81.9 crore for the December quarter which was in line with Nomura’s estimate of Rs80.2 crore but short of...

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Moneylife Digital Team 01 February 2013
Bharti Airtel’s consolidated net income during the December quarter was impacted by higher depreciation and amortisation cost, net interest costs, forex fluctuation losses and tax provisions Bharti Airtel, India’s leading telecom services operator, on Friday posted a lower than expected...

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Moneylife Digital Team 31 January 2013
Despite good festive sales, Thangamayil Jewellery’s operating profit took a hit due to change in accounting policy Madurai-based Thangamayil Jewellery Ltd, recommended by Moneylife magazine on 23 August 2012...

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Moneylife Digital Team 31 January 2013
Nifty yet to show its hand though the trend is mildly down Most of the Asian indices had negative opening while the others opened flat after the US reported first quarter of negative GDP growth (-0.1% quarter-on-quarter at an annualized rate). The indices back home opened in the...

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MDT/PTI 31 January 2013
On a consolidated basis, ICICI Bank's net profit rose 22% to Rs2,645 crore as all its subsidiaries -- life and general insurance companies -- reported better numbers Mumbai: Private sector lender ICICI Bank on Thursday posted over 30% growth in standalone net profit to Rs2,250 crore in...

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MDT/PTI 31 January 2013
Ortel Communications is also considering private placement of up to 35 lakh equity shares or convertible instruments to raise up to Rs75 crore New Delhi: Cable distribution company Ortel Communications Ltd (OCL) has filed a draft red herring prospectus (DRHP) with market regulator...

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MDT/PTI 31 January 2013
For the December quarter, Central Bank's total provisioning rose by 30% to Rs627.67 crore, of which Rs145 crore was due to the changes brought in by RBI, one of the reason why it could not touch the average net profit of Rs300 crore Mumbai: State-run Central Bank of India (CBI) posted a...

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Moneylife Digital Team 30 January 2013
Dena Bank announced its third quarter results which were positive overall, especially on the operations front. But some concerns remain Dena Bank has posted a net profit of Rs206.44 crore for the quarter ended 31 December 2012, a 10.75% increase, when compared to Rs186.68 crore for the...

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Moneylife Digital Team 30 January 2013
A sharp fall below 6,020 will push the Nifty towards 5,950 while a close above 6,100 will mean a continuation of the creeping bull market   The benchmarks managed to retain their psychological levels of 20,000 on the Sensex and 6,000 on the Nifty amid highly choppy trade, a day ahead of...

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MDT/PTI 30 January 2013
Idea Cellular said it would review call tariffs but ruled out headline tariff change in the short-run   Mumbai: Idea Cellular, the country's fourth largest telecom operator, which reported 14% rise in consolidated net profit at Rs228.6 crore for the October-December quarter, ruled out...

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MDT/PTI 30 January 2013
Steady flow of footfalls has kept the registers ringing and delivered double-digit same-store-sales of 12.5% for Shoppers Stop in December quarter   Mumbai: Retail chain Shoppers Stop (SSL) reported a 11.4% decline in standalone net profit to Rs17.09 crore for the third quarter ended...

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Moneylife Digital Team 29 January 2013
BNP Paribas, in a recent note to clients, recommends exposure to ICICI Bank, LIC Housing Finance, Sun Pharma, M&M and Wipro, while it has dropped IDFC from its model portfolio. Strangely, the portfolio recommends greater weight for sectors it recommends as underweight and suggests Reduce for...

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Moneylife Digital Team 29 January 2013
A close below 6,020 tomorrow will mean a quick sharp decline for the Nifty   The market settled lower on caution from the RBI on inflation and the fiscal deficit front. A close below 6,020 tomorrow will mean a quick sharp decline for the Nifty. The National Stock Exchange (NSE) reported...

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MDT/PTI 29 January 2013
The state-run lender’s net interest income rose 11.7% to Rs2,308.5 crore during December quarter, while its total revenues increased 12% to Rs 8,960 crore   Mumbai: State-run Bank of India (BoI) has reported 12.15% rise in net profit at Rs803.48 crore in the third quarter on the back...

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Moneylife Digital Team 28 January 2013
The RBI has to make a big rate cut to surprise the market. This seems unlikely. The Nifty’s direction will be known only after that The market ended flat on nervousness ahead of the RBI’s quarterly credit policy, to be announced tomorrow. As of now, the market remains trapped in a range....

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Moneylife Digital Team 28 January 2013
Unexciting but steady growth and high dividends makes this a safe stock Gandhi Special Tubes (GST) is an unexciting stock. It makes high-quality products, does not undertake unnecessary expansions and is not covered by analysts or the popular media. Indeed, if you buy this stock, it may...

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Moneylife Digital Team 25 January 2013
A decisive break above 6,100 on the Nifty will attract more bulls The market closed marginally higher on hopes of a rate cut in the Reserve Bank of India’s (RBI) in its policy meeting next week. Analysts are of the view that the central bank would reduce rates by 25 basis points....

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