Dalal Street

Going forward we expect Volatility in the Movement. There can be sharp downward spikes on intra-day basis and a recovery at the end. As a small investor, how can you take advantage of this spike since you can’t avail this benefit with Mutual Funds which transact on the NAVs on closing basis. You can take Delivery of these units which will be held in your DEMAT A/C. For example, on 31/10/08, Nifty Bees made a Spike downwards and hit a low of 230 and lets since then has more than doubled beating every other mutual fund.

Benchmark Funds ETFs can be of great help. NAV of these ETFs keep moving with the market. The ones available and recommended for investment are – Nifty Bees, Junior Bees, Bank Bees (more…)

Around 139 companies from the BSE 500 have reported earnings and the overall score is – Net Sales increase by 3.3% and Net Profits by 25.3% with NPM expanding to 12.4%.

Autos and cement have performed strongly in sales while Telecom, metals and media are the laggards. When it comes to profit, Banks and Autos lead the chart followed by Pharma. Construction and Infra have seen a decline in profits.

On the back of tepid earnings growth, reforms moving slower than expectations and central bank’s signals on a possible exit policy (more…)

Reliance Industries Ltd reported F2Q10 earnings in line with expectations. EBITDA was up 13% QoQ, 12% YoY; EBIT was up 9% QoQ however down 10% YoY due to higher depreciation which was up 30% QoQ and 92% YoY. Net profit grew 5% QoQ however declined
7% YoY.

Gross refining margins (GRMs) stood at US$6/bbl implying a spread of just under US$3/bbl, despite full commissioning of its new refinery. EBIT stagnated QoQ, and was (more…)