STOCKS


Nothing happens to SEBI officials even after shoddy investigation and false accusations In an astonishing case, decided on 28 April 2011 by SAT, it appears that SEBI needlessly harassed and penalised a company by falsely accusing it of unfair trade practices. SEBI accused Vijay Textiles, a...

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Moneylife Digital Team 02 June 2011
It’s one of the largest housing finance companies with a huge network in semi-urban and rural areas, and a level of service that market leaders cannot easily match LIC Housing Finance (LICHF), one of the largest housing finance companies, was started by the Life Insurance Corporation of...

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Moneylife Digital Team 02 June 2011
The company offers a range of financial services to people residing in semi-urban and rural regions and it aims to build on this thrust in the near future Mahindra & Mahindra Financial Services (Mahindra Finance), promoted by Mahindra & Mahindra, offers a range of financial services to...

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Governments around the world, from Saudi Arabia and Indonesia to China and the United States, use subsidies to solve perceived social problems. By artificially warping demand, they change things not only in their economies, but also in others, often creating bubbles All investing concerns a...

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Moneylife Digital Team 26 May 2011
ICICIdirect research says that with stock prices having fallen significantly over the past few months, several firms that have pledged their shares would have to top up the margin requirements, failing which lenders could sell the shares leading to a further drop in prices The significant...

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Moneylife Digital Team 25 May 2011
Finally, the Nifty traded near its support of 5,300. A rally is possible on a close above 5,400 The market kept slipping as trade progressed on Wednesday, on dismal global cues and a decline in earnings by realty major DLF, which announced its results late yesterday. The Sensex and the...

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Moneylife Digital Team 24 May 2011
Expect an oversold bounce which may take Nifty to 5,450 The market which saw listless trade in the absence of any triggers, ended flat with a positive bias on Tuesday, reflecting the small gains accrued by Asian markets today. The Sensex and Nifty opened at 18,016 and 5,385,...

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Moneylife Digital Team 24 May 2011
A recent study reveals that fund managers have a bearish outlook for the equity market over the next three months. But most of them would rather retain their existing portfolio and not make any changes to their exposure to equities A recent survey has revealed that fund managers have a...

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Moneylife Digital Team 23 May 2011
The short-term support is at 5,300 on the Nifty |The market traded lower, tracking weak Asian markets in morning trade. The decline, after two days of gains, was on account of the ongoing debt crisis in Europe and news that a ministerial panel is likely to meet this week to decide on...

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Renationalisation is about bureaucratic ambitions and greed; often political ambitions are also involved I was doing research for my new book and I came across the following quotation. The article was written for The Economist in 2007, but the sentiment is quite common. According to The Economist,...

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Moneylife Digital Team 20 May 2011
The fall will resume if Nifty closes below 5,450. Above that, the resistance is at 5,580 Yesterday we had suggested that if Nifty closes above 5,450, there could be a rally. The Nifty traded above 5,450 throughout the say and closed above it. If Nifty stays above 5,450, there is a chance...

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There have been many arrests in the 2G scandal, but Niira Radia, the lady who set up many sleazy deals, is still untouched; and so are corrupt bureaucrats One woman’s telephone conversations with India’s movers and shakers, cutting across business, politics, media and bureaucracy unleashed a...

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Moneylife Digital Team 19 May 2011
Watch for Nifty to close above 5,450 for a possible short rally The market opened positive, tracking gains across Asia. The Sensex started at 18,167, while the Nifty opened at 5,448, the identical opening level yesterday. A rise in commodity prices in the international market supported...

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Moneylife Digital Team 19 May 2011
With the secondary market sagging, IPO manipulators are not confident of rigging up prices after their offerings Vaswani Industries Ltd's Initial Public Offering (IPO) was closed for subscription on 3rd May and share allotment details were published on 12th May. After the allotment was...

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Head honchos sit pretty, while their flunkies feel the heat Public anger against corruption has rattled the government to permit an unprecedented set of arrests in the telecom scandal. The enormity of the action is evident seen against the perspective of how corruption scandals have been...

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Ponzi schemes are born every second. They make false claims to systematically plunder gullible people. But why are our regulators and ministries silent? The ministry of consumer affairs as well as every independent regulator in the country spends tens of crores of rupees on advertisements...

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Moneylife Digital Team 19 May 2011
After a great 2009-10, the performance of this multi-product company fell back over two quarters. But at the current market price the stock appears to be a good investment Birla Corporation is the flagship company of the MP Birla group. It was incorporated as Birla Jute Manufacturing Company...

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Moneylife Digital Team 19 May 2011
Will the overseas parent deliberately weaken MphasiS? The next two quarters will show the intention MphasiS, a unit of Hewlett-Packard (HP), is a mid-size company into application development and maintenance services, infrastructure technology outsourcing (ITO) services and business process...

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Moneylife Digital Team 18 May 2011
Nifty headed for the first support of 5,340, subject to a minor rally The market opened with small gains taking cues from the Asian bourses which were up in morning trade. The Sensex opened 40 points higher at 18,177 and the Nifty added nine points to its previous close to resume trade...

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Moneylife Digital Team 17 May 2011
Watch out for 5,340 on the Nifty for possible support A couple of negative corporate news reports pulled down the indices in trade today. The State Bank of India and ONGC emerged as the top losers as the country's biggest lender reported a huge decline in profit and the oil explorer was...

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