Sterlite, Tata Power enter SENSEX and ET Stories

Sterlite, Tata Power enter BSE index

Sterlite Industries, non-ferrous metals company, and Tata Power Co Ltd will enter the country's benchmark BSE Index after a rejig, the stock exchange said. The two stocks replace Ambuja Cements Ltd and Cipla Ltd, the statement, released on Friday, said. The revisions will be effective from July 28, it added.

Other Top stories from ET:
Analysts' Picks: NIIT, BPCL, Patni
Regulators to ease rules for listing
Govt hikes excise duty of big cars
Hindalco considers equity rights issuance
Deccan Chronicle in talks for unit stake sale to NYT
I&B Ministry sets up TV content monitoring centre
Repo hike won't tame inflation
Short build up widens June discount, F&O volume down 22%

Asia stocks post biggest weekly dip in 10 months
China stocks post biggest weekly loss since 1996
HK stocks fall to end week 7 pc lower
Wall Street finishes with sharp gains
India's real estate to clock 30 pc growth in next ten years
Did mutual funds get wind of the Ranbaxy deal?

For more@ http://economictimes.indiatimes.com/headlines.cms


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MoneyToday Dated June 26,2008

http://moneytoday.digitaltoday.in/
LATEST ISSUE Jun, 26, 2008

Cover Story
Protect your health
Narayan Krishnamurthy
As health care costs soar, medical insurance can be the difference between prosperity and bankruptcy.
Before you buy your policy...
What cover should you take?
Hassle-free settlements

Stocks
Stock watch as on June 4
We tie up with Trisys research to identify stocks that aren’t in the limelight, but have high returns potential .
Crude way to shock markets

Real Estate
Better environment, better health, better savings

Sector Scenario
Ride high on FMCG
R Sree Ram
Slowdown may affect demand in other sectors, but nobody is going to cut their grocery bills. R Sree Ram looks at the best bets.

Stock watch
Metal stocks perform well
The rise in commodity prices has helped metal stocks to post the highest returns in the past year.

Mutual Fund
Balanced equity funds in demand
In the past six months balanced equity funds have been hit by high equity exposure.
'Don’t go by price of NFOs'

More @ http://moneytoday.digitaltoday.in/index.php?latn=1


Source: http://moneytoday.digitaltoday.in . We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.

The 10 most widely-held stocks : BT Money

The 10 most widely-held stocks

Forget about sifting through thousands of stocks in the market to select potential winners. One measure to judge whether a stock can do well is to see how many mutual funds hold them in their portfolios. The more widely-held the stock, the better its chances of doing well.
Usually, the most popular stocks with mutual funds are companies with huge market capitalisations. Liquidity makes it easier to enter or exit stocks. Besides, fund managers also want to keep a big chunk of their portfolios in stocks that closely follow their benchmark indices. Still, not all the liquid stocks make it to the 10 most popular stocks.

Fund managers usually pick these companies after looking at their future potential, their valuations and whether they can give better returns. Says Bhavesh Shah, VP (Research), Asit C Mehta Investment Interrmediates, a broking firm: “Since Indian mutual funds are doing a good job of giving decent returns, imitating their strategy could prove rewarding.” Not surprisingly, these companies are from the core growth sectors of the Indian economy. In graphics: The most popular Stocks

Reliance Industries

Larsen & Toubro

BHEL

Bharti Airtel

State Bank of India

Reliance Communications

Infosys Technologies

Tata Steel

Oil and Natural Gas Corp

For more with details, visit: The 10 most widely-held stocks

In graphics: Other popular stocks

In graphics: The power players (These companies have sound fundamentals and growth prospects)

Two steps behind
Fund managers have shown interest in other big names, too.
Mutual funds have turned into a formidable force in the stock market over the past five years—their holdings have risen from a negligible amount to Rs 2 lakh crore in equities alone. Not surprising then, the top 20 stocks that mutual funds have invested in account for about 25 per cent of their equity corpus of Rs 48,557 crore. In terms of investment size, Reliance Industries stands tallest with mutual funds holding more than Rs 7,858 crore worth of the stock. This is nearly double that of their second-largest holding, in ICICI Bank, which accounts for about Rs 4,008 crore. This is closely followed by engineering behemoth Larsen & Toubro (Rs 3,687 crore) and banking giant State Bank of India (Rs 3,060 crore).

It’s no surprise then that all but a few of the top 20 companies that mutual funds have invested in are part of the Sensex. That’s because most of these companies have large market capitalisations, diversified investor bases and fairly liquid stocks. The two companies that are not part of the Sensex are Sterlite Industries and Jai Prakash Associates, in which domestic funds hold Rs 1,279 crore and Rs 2,387 crore worth of equity, respectively. Fund managers, too, have shown a preference for the most popular stocks. For instance, ICICI Prudential Infrastructure Fund has the highest investments (per fund) in five of the top 20 companies.

Source: http://businesstoday.digitaltoday.in. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.

Business Today Articles Dated June 29,2008

businesstoday.digitaltoday.in/index.php?latn=1

Cover Story
Tick-tock, tick-tock, tick-tock... Despite the recent price hikes in India, oil is a ticking time bomb that will be defused only by a sharp drop in demand and, in the long run, alternative sources of energy. Meanwhile, brace up for the coming pain. Business Today's Rishi Joshi reports.
How to kick the habit
Not good enough

Editorial
Decontrol retail prices of oil

Policy Watch
Tackling the oil crisis

Back of the Book
Young turks in the works

Money
The fine art of portfolio composition
Rohit Viswanath
All asset classes don’t move in tandem. The trick is to diversify portfolio across assets and cut risks. Find out how to create an optimal portfolio.
In choppy waters
The best mutual funds
Room for growth
The IPO lull

Special
One for the nest egg

For More: http://businesstoday.digitaltoday.in/index.php?latn=1

Source: http://businesstoday.digitaltoday.in. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.