GDP to grow at 9.5% in FY'09: CMIE
India's real GDP is expected to grow at an impressive 9.5 per cent in FY'09, the Centre for Monitoring Indian Economy said in its monthly review in Mumbai.The Indian economy is heading towards the fourth consecutive year of an over 9 per cent growth and like in the last five years, growth this year too was expected to be driven by capital investments happening in India, CMIE said.
As per CMIE CapEx Service, projects worth Rs 340,000 crore (Rs 3400 billion) are scheduled for commissioning in FY'09. This would be the highest ever completion of investments in the Indian history, CMIE said.
The current growth phase of the Indian economy is driven by the capital investment boom in the country. India's GDP started rising by over eight per cent since FY'04. And, the gross capital formation grew in the range of 13-23 per cent during this period.
CMIE expects growth in GSF to accelerate to 18.7 per cent in FY'09 from 13.4 per cent in FY'08. This robust growth in GSF is expected to more than offset the moderation in the growth in private final consumption expenditure and Government final consumption expenditure.
CMIE stated that the PFCE is expected to grow by five per cent in FY'09, after growing by 7-9 per cent in the preceding three years. While the slower growth in the PFCE would mainly be on account of the higher base last year, the prevailing high inflation would also affect the consumption demand to some extent.
However, inflation is not expected to depress the PFCE dramatically as income levels in India have also gone up significantly in the last one year.
This is evident from over 20 per cent rise in wages and salaries of the manufacturing sector and the 57.6 per cent rise in income tax collection by the Government during FY 08.
Hence, despite a moderation, CMIE expects the growth in the PFCE to remain healthy.
Since the sole growth driver in FY 09 is going to be GCF, one may wonder 'what if all the projects do not get commissioned in FY 09?'
CMIE believe that even if half of the projects (scheduled for completion) get implementated, it would give a big push to the growth of the Indian economy. It is the huge employment and demand for primary and intermediate goods generated during the implementation of these projects, which is more important than the actual commissioning of the capacities.
CMIE pointed out that the implementation of these huge investments to help the construction sector clock a robust 15 per cent growth in FY 09. Also, the implementation of these projects is going to lead to higher demand for machinery, steel, cement and other construction items.
Thus, the implementation of capital investments will continue to generate demand for goods and services and their completion would ensure that there are enough supplies to meet the freshly generated demand.
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This blog is for providing daily news of Corporate Indian Stories, Corporate Results, Equities, MFs, Banking,Insurance, Brokerages Informations, World Business, Venture Capital, Angel Investors, BSchools, MBAs,Jobs, Politics & something Interesting.Our team will be grateful to the owners of various Indian/world/govt sites to refer their sites to get INFORMATION without objection.Request viewers to make verification about the information. Blog is not responsible for any faulty information.
16 June 2008
Know About: OPEC
http://en.wikipedia.org/wiki/Opec
OPEC
The Organization of the Petroleum Exporting Countries (OPEC) is a group of thirteen states[1][2] made up of Iran, Iraq, Kuwait, Qatar, Saudi Arabia, the United Arab Emirates, Libya, Algeria, Nigeria, Angola, Venezuela, Ecuador, and Indonesia. Recently, Indonesia has decided to quit the organization, though it will remain a member until the end of 2008. The organization has maintained its headquarters in Vienna since 1965, hosting regular meetings between the oil ministers of its member states.
According to its statute, the principal goal is the determination of the best means for safeguarding their interests, individually and collectively; devising ways and means of ensuring the stabilization of prices in international oil markets with a view to eliminating harmful and unnecessary fluctuations; giving due regard at all times to the interests of the producing nations and to the necessity of securing a steady income to the producing countries; an efficient, economic and regular supply of petroleum to consuming nations, and a fair return on their capital to those investing in the petroleum industry."[3]
OPEC's influence on the market has been negatively criticized. Several members of OPEC alarmed the world and triggered high inflation across both the developing and developed world when they used oil embargoes in the 1973 oil crisis. OPEC's ability to control the price of oil has diminished somewhat since then, due to the subsequent discovery and development of large oil reserves in the Gulf of Mexico and the North Sea, the opening up of Russia, and market modernization. OPEC nations still account for two-thirds of the world's oil reserves, and, as of March 2008, 35.6% of the world's oil production, affording them considerable control over the global market. The next largest group of producers, members of the OECD and the Post-Soviet states produced only 23.8% and 14.8%, respectively, of the world's total oil production.[4] As early as 2003, concerns that OPEC members had little excess pumping capacity sparked speculation that their influence on crude oil prices would begin to slip.[5][6]
For more, visit @ http://en.wikipedia.org/wiki/Opec
Source: http://en.wikipedia.org . 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.
OPEC
The Organization of the Petroleum Exporting Countries (OPEC) is a group of thirteen states[1][2] made up of Iran, Iraq, Kuwait, Qatar, Saudi Arabia, the United Arab Emirates, Libya, Algeria, Nigeria, Angola, Venezuela, Ecuador, and Indonesia. Recently, Indonesia has decided to quit the organization, though it will remain a member until the end of 2008. The organization has maintained its headquarters in Vienna since 1965, hosting regular meetings between the oil ministers of its member states.
According to its statute, the principal goal is the determination of the best means for safeguarding their interests, individually and collectively; devising ways and means of ensuring the stabilization of prices in international oil markets with a view to eliminating harmful and unnecessary fluctuations; giving due regard at all times to the interests of the producing nations and to the necessity of securing a steady income to the producing countries; an efficient, economic and regular supply of petroleum to consuming nations, and a fair return on their capital to those investing in the petroleum industry."[3]
OPEC's influence on the market has been negatively criticized. Several members of OPEC alarmed the world and triggered high inflation across both the developing and developed world when they used oil embargoes in the 1973 oil crisis. OPEC's ability to control the price of oil has diminished somewhat since then, due to the subsequent discovery and development of large oil reserves in the Gulf of Mexico and the North Sea, the opening up of Russia, and market modernization. OPEC nations still account for two-thirds of the world's oil reserves, and, as of March 2008, 35.6% of the world's oil production, affording them considerable control over the global market. The next largest group of producers, members of the OECD and the Post-Soviet states produced only 23.8% and 14.8%, respectively, of the world's total oil production.[4] As early as 2003, concerns that OPEC members had little excess pumping capacity sparked speculation that their influence on crude oil prices would begin to slip.[5][6]
For more, visit @ http://en.wikipedia.org/wiki/Opec
Source: http://en.wikipedia.org . 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.
15 June 2008
Saudi to raise oil output above 9.5 mbpd in July : Reuters
http://in.reuters.com/money/news
Saudi to raise oil output above 9.5 mbpd in July
DUBAI (Reuters) - Top oil exporter Saudi Arabia is poised to boost output in July to the fastest rate in years to help keep pace with demand and tame what it sees as unacceptably high prices, industry sources said on Sunday.
Riyadh's expected production increase -- the second in two months -- would lift flows above 9.5 million barrels per day (bpd) from about 9.45 million bpd now, the sources said.
The Saudi output plans come to light a week before the kingdom hosts an unprecedented meeting of producers and consumers to tackle market instability.
A relentless rise in oil prices to well above $130 a barrel has sparked fuel protests from Asia to Europe and roiled financial markets as policymakers fear higher inflation will slow the global economy."Saudi output in July most probably will be above 9.5 million," said one industry source, speaking on condition of anonymity.
"The situation right now is 'if the customers ask, they will get.'" Saudi Arabia has already increased supply by 300,000 bpd this month from May to meet demand from buyers primarily in the United States. Industry insiders declined to say how much more the kingdom would pump in July, but one source said output would not reach 10 million bpd.
Oil fell nearly $2 a barrel on Friday after industry newsletter the Middle East Economic Survey reported Riyadh was considering a sizeable output increase to near 10 million bpd. Continued...
Other REUTERS Report:
DLF, Unitech shelve REIT IPOs - paper
Reliance Comm: MTN talks progressing despite Reliance Ind claim
Inflation threatening Asia poverty fight - ADB
OPEC's Badri says don't blame us for record oil
Sterlite, Tata Power enter India benchmark index
India Hot Stocks:IOC, ONGC up on plans to invest in Iran
Source: http://in.reuters.com . 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.
Saudi to raise oil output above 9.5 mbpd in July
DUBAI (Reuters) - Top oil exporter Saudi Arabia is poised to boost output in July to the fastest rate in years to help keep pace with demand and tame what it sees as unacceptably high prices, industry sources said on Sunday.
Riyadh's expected production increase -- the second in two months -- would lift flows above 9.5 million barrels per day (bpd) from about 9.45 million bpd now, the sources said.
The Saudi output plans come to light a week before the kingdom hosts an unprecedented meeting of producers and consumers to tackle market instability.
A relentless rise in oil prices to well above $130 a barrel has sparked fuel protests from Asia to Europe and roiled financial markets as policymakers fear higher inflation will slow the global economy."Saudi output in July most probably will be above 9.5 million," said one industry source, speaking on condition of anonymity.
"The situation right now is 'if the customers ask, they will get.'" Saudi Arabia has already increased supply by 300,000 bpd this month from May to meet demand from buyers primarily in the United States. Industry insiders declined to say how much more the kingdom would pump in July, but one source said output would not reach 10 million bpd.
Oil fell nearly $2 a barrel on Friday after industry newsletter the Middle East Economic Survey reported Riyadh was considering a sizeable output increase to near 10 million bpd. Continued...
Other REUTERS Report:
DLF, Unitech shelve REIT IPOs - paper
Reliance Comm: MTN talks progressing despite Reliance Ind claim
Inflation threatening Asia poverty fight - ADB
OPEC's Badri says don't blame us for record oil
Sterlite, Tata Power enter India benchmark index
India Hot Stocks:IOC, ONGC up on plans to invest in Iran
Source: http://in.reuters.com . 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.
PE updates from VCCircle.com, Indiape.com
http://www.vccircle.com
Newbridge May Buy 49% In Shriram City Union For $150 Million
Idea To Pay Rs 2,200 Crore For Modi Stake; TM May Get 20% In Idea
SBI To Go Ahead With Rs 500 Crore SME-Focused PE Fund; It Will Hold 20%
Onida Owners Mirchandanis Settle Dispute; Gulu Buys Out Brother’s Stake
Mukesh Tells Anil To Offer RCOM First To Him, Not MTN
Aegis Media Acquires Majority Stake In Communicate2; More Deals In The Offing
India Hospitality Corp Hires Ravi Deol; To Raise $200 Million Fund
Acumen Fund Invests Rs 4.5 Crore In Kochi Ayurvedic Chain
Pfizer May Challenge Daiichi Sankyo’s Offer To Ranbaxy: Report
Genesis Colors Gets Rs 110 Crore Backing Of Sequoia, Mayfield, SVB
Mapping Company SatNav Gets $7 Million From Sequoia Capital India
Anil Ambani Hires Keshav Sanghi To Build Indian Version Of Goldman Sachs
Non-Promoter Shareholders At Ranbaxy Not To Gain Much From The Deal
3i Infrastructure Raises $223 Million; Upbeat About Alternative Energy
Vikram Pandit’s Old Lane Hedge Fund Is On The Verge Of Closure
-------------------------------
IndiaPe.com
Spice may buy 39% stake in Sony TV
PE deals touch $6.39 bn in so far this year
Subhkam Ventures ups its stake in Shakti Pumps
Saraswat Bank seeks RBI approval for takeover
Telekom Malaysia buys 15% in Idea for $2b
SBI to create Rs 500 crore PE fund for SMEs
NYT to buy 5% stake in in Sieger Solutions
D E Shaw plans $200-mn education blitzkrieg
VenturEast invested in Itero Pharma
Merrill, Lehman among four firms in race for VMIL stake
BCCL buys stake in travel co
RIL eyes acquisitions in polyester biz
Sequoia Capital invests Rs 30 cr in SatNav Tech
IFGL acquires German major
Aegis to invest $100 mn, takes stake in search marketing firm
Source: www.indiape.com and www.vccircle.com . 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
Newbridge May Buy 49% In Shriram City Union For $150 Million
Idea To Pay Rs 2,200 Crore For Modi Stake; TM May Get 20% In Idea
SBI To Go Ahead With Rs 500 Crore SME-Focused PE Fund; It Will Hold 20%
Onida Owners Mirchandanis Settle Dispute; Gulu Buys Out Brother’s Stake
Mukesh Tells Anil To Offer RCOM First To Him, Not MTN
Aegis Media Acquires Majority Stake In Communicate2; More Deals In The Offing
India Hospitality Corp Hires Ravi Deol; To Raise $200 Million Fund
Acumen Fund Invests Rs 4.5 Crore In Kochi Ayurvedic Chain
Pfizer May Challenge Daiichi Sankyo’s Offer To Ranbaxy: Report
Genesis Colors Gets Rs 110 Crore Backing Of Sequoia, Mayfield, SVB
Mapping Company SatNav Gets $7 Million From Sequoia Capital India
Anil Ambani Hires Keshav Sanghi To Build Indian Version Of Goldman Sachs
Non-Promoter Shareholders At Ranbaxy Not To Gain Much From The Deal
3i Infrastructure Raises $223 Million; Upbeat About Alternative Energy
Vikram Pandit’s Old Lane Hedge Fund Is On The Verge Of Closure
-------------------------------
IndiaPe.com
Spice may buy 39% stake in Sony TV
PE deals touch $6.39 bn in so far this year
Subhkam Ventures ups its stake in Shakti Pumps
Saraswat Bank seeks RBI approval for takeover
Telekom Malaysia buys 15% in Idea for $2b
SBI to create Rs 500 crore PE fund for SMEs
NYT to buy 5% stake in in Sieger Solutions
D E Shaw plans $200-mn education blitzkrieg
VenturEast invested in Itero Pharma
Merrill, Lehman among four firms in race for VMIL stake
BCCL buys stake in travel co
RIL eyes acquisitions in polyester biz
Sequoia Capital invests Rs 30 cr in SatNav Tech
IFGL acquires German major
Aegis to invest $100 mn, takes stake in search marketing firm
Source: www.indiape.com and www.vccircle.com . 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
Labels:
Indiape.Com,
PE updates from VCCircle.com
BusinessLine Recommentations
http://businessline.in
BGR Energy Systems: Buy
Investors with a three-year perspective can consider investing in the stock of BGR Energy Systems. The recent results posted by the company and the strong growth in order book belie fears of a slow down in the engineering services ... More
Pharma: A booster dose
The ongoing deep correction has been less harsh on large-cap pharma stocks. While the benchmark Sensex has shed over 30 per cent from its highs of early January, select stocks such as Ranbaxy, Sun Pharma, Glenmark and Lupin have ... More
Tata Elxsi: BuyMore
FMCGs: Resilient marginsThe FMCG sector has been among the more resilient ones in the recent market meltdown, with the BSE FMCG index losing only 2 per cent so far this year. Though market fancy for FMCGs has been driven partly by its “defensive” ... More
Kaveri Seed Company: BuyMore
Archidply Industries: Invest at cut-offMore
Templeton India Growth: InvestConservative investors can add Templeton India Growth Fund to their portfolios. The fund, which focuses on picking “value” stocks, has a more than ten-year track record in fund management — a record marred by substantial ... More
Lotus Eye Care Hospital: Invest at cut-offMore
Investment NuggetsManager of Wintergreen Fund and formerly chief executive officer and chief investment officer of Franklin Mutual Advisers, David Winters is a value investor. He believes in holding solid companies for the long-term. ... More
ECONOMY Market ViewEven if GDP growth slows, as it will, in FY09, by about one percentage point or a tad more, the outcome may not be a major negative from an economic perspective; This lower rate is going to be a high base created by average GDP growth of about ... More
What’s AheadThe market is likely to track global markets in the week ahead. Macroeconomic indicators such as domestic industrial output growth at 8.1 per cent in 2007-08 (April-March) compared with a much higher 11.6 per cent growth in 2006-07 as well as ... More
Source: www.businessline.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
BGR Energy Systems: Buy
Investors with a three-year perspective can consider investing in the stock of BGR Energy Systems. The recent results posted by the company and the strong growth in order book belie fears of a slow down in the engineering services ... More
Pharma: A booster dose
The ongoing deep correction has been less harsh on large-cap pharma stocks. While the benchmark Sensex has shed over 30 per cent from its highs of early January, select stocks such as Ranbaxy, Sun Pharma, Glenmark and Lupin have ... More
Tata Elxsi: BuyMore
FMCGs: Resilient marginsThe FMCG sector has been among the more resilient ones in the recent market meltdown, with the BSE FMCG index losing only 2 per cent so far this year. Though market fancy for FMCGs has been driven partly by its “defensive” ... More
Kaveri Seed Company: BuyMore
Archidply Industries: Invest at cut-offMore
Templeton India Growth: InvestConservative investors can add Templeton India Growth Fund to their portfolios. The fund, which focuses on picking “value” stocks, has a more than ten-year track record in fund management — a record marred by substantial ... More
Lotus Eye Care Hospital: Invest at cut-offMore
Investment NuggetsManager of Wintergreen Fund and formerly chief executive officer and chief investment officer of Franklin Mutual Advisers, David Winters is a value investor. He believes in holding solid companies for the long-term. ... More
ECONOMY Market ViewEven if GDP growth slows, as it will, in FY09, by about one percentage point or a tad more, the outcome may not be a major negative from an economic perspective; This lower rate is going to be a high base created by average GDP growth of about ... More
What’s AheadThe market is likely to track global markets in the week ahead. Macroeconomic indicators such as domestic industrial output growth at 8.1 per cent in 2007-08 (April-March) compared with a much higher 11.6 per cent growth in 2006-07 as well as ... More
Source: www.businessline.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
Reliance Industries Annual Report : Deadpresident blog
http://www.deadpresident.blogspot.com
Reliance Industries Annual Report
Other Reports from Blog
Market may remain edgy
Weekly Technicals - June 15 2008
Good to be in FMCG
Archidply Industries IPO Review
Lotus Eye Care Hospital IPO review
Asian Paints, HDFC Bank, Pharma, Tata Motors
BSE index inclusions and exclusions
NIIT Technologies - not rosy
Banking Sector Update
Tata Sponge / Fertilizer Sector
Grey Market - Sejal Architectural Glass, Archid Ply Industries
Hotel Leela, Royal Orchid Hotels
Source: http://www.deadpresident.blogspot.com. 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.
Reliance Industries Annual Report
Other Reports from Blog
Market may remain edgy
Weekly Technicals - June 15 2008
Good to be in FMCG
Archidply Industries IPO Review
Lotus Eye Care Hospital IPO review
Asian Paints, HDFC Bank, Pharma, Tata Motors
BSE index inclusions and exclusions
NIIT Technologies - not rosy
Banking Sector Update
Tata Sponge / Fertilizer Sector
Grey Market - Sejal Architectural Glass, Archid Ply Industries
Hotel Leela, Royal Orchid Hotels
Source: http://www.deadpresident.blogspot.com. 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.
14 June 2008
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
Source: www.Theeconomictimes.. 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.
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
Source: www.Theeconomictimes.. 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.
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.
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.
Labels:
2008,
MoneyToday Dated June 26
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.
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