Will D-St take Brexit on stride the way it shrugged off Rexit?

THE ECONOMIC TIMES Fri, Jun 24, 2016 | 08:01 AM IST ET Investment Opportunities

NOT TO MISS #Stocks In News,#Recos,#Expert Views,#IPOs,#Commodities

Will D-St take Brexit on stride the way it shrugged off Rexit? There has been an understanding on the Street that the market is impulsive and caters to short-term reactions, but latest evidence shows it is far from truth. Mahanagar IPO a big hit! Issue subscribed 64 times Investors bade for 61,85,74,495 shares, or 35.66x, the issue size on BSE. On NSE, 49,83,41,025 shares were bid for, accounting for 28.73x the issue size. 1 of every 3 PSU stocks bled investors in last 10 years 43 BSE PSU index stocks, which were available for trade 10 years ago, 16 are quoting below their decade-old levels. MTNL was the biggest value destroyer. Sectors on forefront to lead the next surge on Dalal Street In 2015, these sectors were among the beaten-down ones, but in 2016 so far, they have been on the forefront of D- Street's charge to regain its lifetime highs.

Advertorial What is not covered by your motor insurance policy If you know anything about insurance policies, you know that nothing in that cover comes without an asterisk mark. While what is covered is written in big and bold, the exclusions, terms and conditions are often in fine print and also loaded with jargon. Your car insurance policy isn't any different. Advertorial Are you financially literate? Find out how clear you are about investing Though the financial services industry claims that it is spreading investor awareness, a significant percentage of educated Indians remain financially illiterate.

Want to ride the next bull run? Tips from Street honchos If one has an investment horizon of 6-12 months, there is nothing to worry about. And one should use any dip in the market as a buying opportunity, say experts. Brexit or no Brexit, no stopping India's bull market Experts believe that India is in a sweet spot and after a knee-jerk reaction to Brexit, should it materialise, the market will against begin its uptrend. Everyone is selling fear on D-Street, be gutsy, buy stocks! One after another major risk-off events have been driving the capital markets the world over. That fear is represented by a surge in volatility in the indices. Rajan's exit opens three wounds Considering that the govt is yet to announce a successor, and Rajan's term ends only in Sept, the news could have been made at a less jittery time for markets.

Advertorial Why you should buy insurance policies online and save money Advertorial How Adverse Selection affects your insurance claims

Is the weightage of BFSI stocks in Nifty justified? Historically, the earnings share of the banking and financial services (BFSI) sector in the earnings of the Nifty has always been lower than the weight. Worried about high valuations? Opt for STP route In a STP, an investor typically puts in a lump sum amount into a liquid fund and then systematically transfers it into an equity fund.

NFO (FMPs) Fund Name Category Type Open Close Min Inv   UTI Fixed Term Income Sr XXIV-XVII (1098D) Direct-D Debt: FMP Closed-end 14 Jun 2016 28 Jun 2016 5,000 UTI Fixed Term Income Sr XXIV-XVII (1098D) Direct-DY Debt: FMP Closed-end 14 Jun 2016 28 Jun 2016 5,000 UTI Fixed Term Income Sr XXIV-XVII (1098D) Direct-DQ Debt: FMP Closed-end 14 Jun 2016 28 Jun 2016 5,000 UTI Fixed Term Income Sr XXIV-XVII (1098D) Direct-Flexi D Debt: FMP Closed-end 14 Jun 2016 28 Jun 2016 5,000 UTI Fixed Term Income Sr XXIV-XVII (1098D) Reg-Flexi D Debt: FMP Closed-end 14 Jun 2016 28 Jun 2016 5,000 More >>

Real Estate News

Tata Realty, StanChart PE JV buys M3M land for Rs 250 cr "The JV bought 25 acre from M3M for Rs 10 crore per acre. The deal was closed in the first quarter," said two people aware of the deal.

Worli new housing destination for super-rich: JLL India In recent years, Worli has signalled its emergence as a prime residential destination, with a number of big-ticket realty transactions taking place here.

Tata Housing sells over 200 flats in Gurgaon for Rs 300 cr Tata Housing MD & CEO Brotin Banerjee said: "We believe that the overwhelming response to the project since its launch is an indication of its success."

REITs to be a reality, first listing in next 12 mths: CBRE REITs would bring in the much required liquidity in the real estate market with expected investment from retail and institutional investors, he added.

NFO - Non FMPs Fund Name Category Type Open Close Min Inv   UTI Dual Advantage Fixed Term Fund Sr III-II (1278 D) Direct-D Hybrid: Debt-oriented Conservative Closed-end 21 Jun 2016 05 Jul 2016 5,000 UTI Dual Advantage Fixed Term Fund Sr III-II (1278 D) Reg-D Hybrid: Debt-oriented Conservative Closed-end 21 Jun 2016 05 Jul 2016 5,000 UTI Dual Advantage Fixed Term Fund Sr III-II (1278 D) Direct-G Hybrid: Debt-oriented Conservative Closed-end 21 Jun 2016 05 Jul 2016 5,000 UTI Dual Advantage Fixed Term Fund Sr III-II (1278 D) Reg-G Hybrid: Debt-oriented Conservative Closed-end 21 Jun 2016 05 Jul 2016 5,000 ICICI Pru Capital Protection Oriented Ser X 1375D Plan B Direct-D Hybrid: Debt-oriented Conservative Closed-end 21 Jun 2016 05 Jul 2016 5,000 More >>

Views and Recommendations

Sell Tata Power, target Rs 66: Pritesh Mehta 23 June, 2016, 01:53 PM IST Tata Power is a low beta stock (0.50) and is trading well above its 50-day, 100-day and 200-day moving average of Rs 72.15, Rs 66.17 and Rs 65.89, respectively sell Buy Hexaware Technologies, target Rs 239: Pritesh Mehta 23 June, 2016, 01:53 PM IST Hexaware Technologies is a low beta stock (0.10) and is trading well below its 50-day moving average of Rs 223.54, but above its 100-day and 200-day moving average of Rs 235.35 and Rs 239.65, respectively buy Buy GPPL, target Rs 182: Pritesh Mehta 23 June, 2016, 01:52 PM IST GPPL is a low beta stock (0.13) and is trading well above its 50-day, 100-day and 200-day moving average of Rs 163.20, Rs 161.98 and Rs 164.24, respectively buy Buy Coal India, target Rs 340: Pritesh Mehta 23 June, 2016, 01:51 PM IST Coal India is a low beta stock (0.17) and is trading well above its 50-day, 100-day and 200-day moving average of Rs 292.55, Rs 298.89 and Rs 313.59, respectively buy

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News Digest: 'Why TV over toilet?': Govt plans new ad blitz

		THE TIMES OF INDIA
		Friday, June 24, 2016
		Today's Headlines

		India
		'Why TV over toilet?': Govt plans new ad blitz PM Modi to launch 82 smart city projects in Pune Amid NSG squabble, Jaitley lands in Beijing More India News»

		Business
		After 100% FDI, govt to tweak airline ownership norms Shareholder nod sought for Rishad Premji salary hike Wipro has sought shareholders' approval to revise the compensation of its chief strategy officer Rishad Premji , son of billionaire chairman Azim Premji. VW to take $10bn hit in emissions scam: Report The bulk of the cash would be used to fix the cars, buy them back and compensate owners. More Business News»

		Environment
		Giraffes suffer 'silent extinction': Wildlife advocates Wildlife advocates called to protect the dwindling populations of wild giraffes, whose numbers have fallen by 40 per cent over the past 15 years. The Giraffe Conservation Foundation called to protect the 80,000 to 90,000 giraffes left roaming the African savannas on World Giraffe Day. Assam CM toughens measures to check rhino poaching Sarbananda Sonowal held a high-level meeting with the deputy commissioners and superintendents of police of Jorhat, Golaghat and Nagaon districts that encircle the Kaziranga National Park and asked them to work to protect the rhinos from poachers. He also said the poachers won't be spared. Peta writes to PM urging to cut India's meat consumption The People for the Ethical Treatment of Animals has written to PM Narendra Modi calling for government initiatives to cut India's meat consumption in order to combat worst effects of climate change. In its letter, Peta has cited Chinese government's recent order on reducing meat consumption by half More Environment News»

		World
		51 dead in extreme weather in eastern China: Report Extreme weather, including hailstorms, heavy rain and a tornado, killed 51 and injured dozens in China's eastern Jiangsu province, the official Xinhua news agency reported. Many parts of China have been lashed by torrential rains this week as summer rainstorms have been heavier than usual. Suu Kyi urged to recognize Rohingyas as Burmese The Coalition for the Rights of Refugees and Stateless Persons urged Myanmar's state counsellor Aung San Suu Kyi, who is on an official visit to Thailand, to recognize the Muslim minority Rohingyas as Myanmarese nationals. Myanmar removed Rohingya Muslims from the list of ethnic minorities in 1982. Kurd-Arab forces enter ISIS bastion in northern Syria The US-backed Syrian Democratic Forces entered Manbij and were advancing slowly to the center of the city, an Islamic State group stronghold in northern Syria. Manbij is a key waypoint on an ISIS supply line between the Turkish border and the extremist group's de facto capital Raqqa. More World News»

		Entertainment
		'Music can also heal and enlighten like yoga' The singer aspires to change the way the art is perceived in our country. Bollywood actors talk about one-night stands All's not well between Pulkit and Yami? All’s not well between the 'Junooniyat' lead pair. More Entertainment News»

		Science
		Gazing at your smartphone in dark may cause 'blindness' Using your device just before sleep may lead to a condition called transient smartphone blindness, say doctors who reported a case of two women in the UK suffering from temporary vision impairment in one eye after looking at a bright cellphone screen in a dark room. This drug reduces the risk of kidney disputes among type 2 diabetic patients A recently conducted global study, EMPA-REG has revealed that the drug Empagliflozin reduces the risk for new onset or worsening kidney disease by 39% among patients suffering from Type 2 Diabetes with established cardiovascular diseases (CVD). Solar Impulse 2 lands in Spain after three-day Atlantic crossing Solar Impulse 2, an airplane powered solely by the sun, landed safely in Seville in Spain early on Thursday after an almost three-day flight across the Atlantic from New York in one of the longest legs of the first ever fuel-less flight around the world. More Science News»

		Sports
		Anil Kumble named Team India's new cricket coach for one year Anil Kumble, the former India Test captain and the country’s most successful bowler, has been named as the coach of the men’s cricket team, with his one-year tenure to begin with India’s four-Test tour of the West Indies in July. India's new coach: Five abiding Anil Kumble memories As Anil Kumble is named as coach of the Indian cricket team, we take a look back at five occasions on which he left a mark as a cricketer. Players come first, coach always stays in background: Kumble Asked about his plans for the team, he said, "Strategy will be to win. There is still time to think about all that and sit with the players. I have a short and long-term plan for the upcoming series (against West Indies), but I cannot plan alone; I also need players to pitch in." More Sports News»

		Technology
		Supreme Court to hear petition seeking ban on WhatsApp The Supreme Court will hear next Wednesday a petition seeking a ban on WhatsApp on the ground that the messaging platform's end-to-end encryption gives terrorists a means of communication that is impossible to intercept. Beware Android users, this malware secretly installs unauthorized apps on your phones A family of mobile malware called "Godless" has affected over 850,000 Android devices worldwide with almost half of these devices in India alone, a new report said on Thursday. Huawei planning on bringing major changes to EMUI: report The new Android OS interface is expected to sport features that are found on other Android smartphones as well, but with Huawei’s own touch. More Technology News»

		Education
		Delhi boy Dipanshu Jindal bags top rank in JEE(Main) Dipanshu Jindal did not need the top rank in Joint Entrance Examination (Main). With an all-India rank of 53 in the JEE (Advanced), he was headed to one of the Indian Institutes of Technology anyway. But the ‘AIR 1’ “is good for the resume”, reasons the 18 year-old lad from Shalimar Bagh. PAU to hold 3-month training course on integrated crop production The Directorate of Extension Education of Punjab Agricultural University (PAU) has invited applications from the young farmers of Punjab for participation in three-month training course on “Integrated Crop Production” from August 1 to October 28, 2016. At 12.49% in IIT, state bags all-India second rank Rajasthan fares second in number of students to have qualified this year for JEE-Advanced. The share of domicile students from the desert state was 12.49% out of 36,566 declared qualified for counselling for IITs. The first position is bagged by Uttar Pradesh with its share of 14.82%. More Education News»

		Mumbai
		'No money spent on NDA 2nd anniv ads' The Directorate of Advertisement and Visual Publicity (DAVP) did not spend a single rupee on the ads issued on the eve of the completion of two years of the Narendra Modi government, revealed an RTI query Kamat back in Congress after meeting party chief A fortnight after raising a banner of revolt, Congress leader and former MP Gurudas Kamat on Thursday returned to the party fold. Kamat said that his meeting with Congress chief Sonia Gandhi, he has come to the conclusion that Congress “is the best platform to serve the people of the country” State urged to demarcate flamingo protection zone The onset of monsoon means most of the migratory flamingos have left the wetlands in Uran. However, at Funde and Panje coastal villages, a flock of around 800 lesser flamingos are still seen, much to the delight of birdwatchers and visitors More Mumbai News»

		Delhi
		LGBT shifted after police stop them at Palika After police barred around 35 people from the LGBTQ community from observing a silent candlelit tribute to the victims of the Orlando shooting at Palika Bazaar on Thursday, they were forced to shift to Jantar Mantar. Experts say in one voice: LG can't be summoned Constitutional experts have described as “inconceivable and impermissible” the latest move by a Delhi assembly committee to summon the lieutenant governor, Najeeb Jung, for questioning. Clarification puts BJP MP in a soup AAP on Thursday demanded the arrest of LG Najeeb Jung, accusing him playing a role in the murder of NDMC estate officer MM Khan. But the LG office returned fire. More Delhi News»

		Bangalore
		3 cases a day: It's raining dengue, disease in Bengaluru The city has seen 82 new dengue cases in the past 30 days, according to the daily status report of the health and family welfare department. From May 23 to June 22, the number shot up from 44 to 126. Across the state, 430 new positive cases were recorded in the same month. MBBS & BDS seat matrix today; expect 41% fee hike Uniform fishing policy in the offing, says new minister Newly appointed minister of state for fisheries and youth affairs and sports, Pramod Madhwaraj on Thursday said there is a serious effort to bring about a comprehensive fishing policy in the state. More Bangalore News»

		Hyderabad
		Muddle-headed civic body pushes for chaotic traffic plan GHMC to give Rs 350cr to state wakf board The Telangana State Wakf Board (TSWB) is yet to receive Rs 350 crore from the Greater Hyderabad Municipal Corporation. Illegal eateries fined Rs 1 cr for defaulting on sales tax Dept Officials Monitored Activity Of Food-Based Apps To Take Action More Hyderabad News»

		Chennai
		Generous city helps 12 achievers get Rs 28 lakh for studies via TOI Vinodhini hoped to shed some light on women’s struggles by pursuing civil service, but had no light at her home to prepare for her Class 12 exams. In a single order, family court dismisses 43 cases A family court ruling that dismissed 43 matrimonial cases with compromise memos with a 10-line common order has flummoxed lawyers specialising in divorce, maintenance and child custody. Southern Railway clarifies on RK Nagar subway project One will be for vehicles heading to Kannan Street and Thiyagappa Street and another in the opposite direction.The chief bridges engineer said there was coordination between railways and the corporation. More Chennai News»

		Ahmedabad
		Illegal sand mining racket busted A team of Ahmedabad rural police raided several sites on the banks of the Sabarmati on Thursday night, after receiving complaints of illegal sand mining, and seized multiple vehicles including tractors, trailers and JCB earth movers together worth over Rs 1 crore. Activists express solidarity with NGO A day after miscreants vandalized the office of Human Development and Research Centre (HDRC) - St Xavier's Non-Formal Education Society, various human and civic rights activists came out in support of the content of the advertisement for sanitation worker by the NGO, that has courted controversy. They exited after withdrawals were attempted For Patel, the bubble burst when he asked Dave for Rs 5 lakh as he needed money for some personal work.Dave evaded him for some time, saying that he had not got the required permission from the charity commissioner. More Ahmedabad News»

		Allahabad
		Allahabad University entrance test conducted smoothly The entrance test for admission in research, LLM and other courses of Allahabad University were conducted smoothly across 18 cities on Thursday. Crane falls on railway tracks, traffic hit Railway traffic on Allahabad-Mughalsarai route was paralysed for several hours on Thursday after a crane fell on the tracks near railway-under-bridge between Gyapura and Jigna stations. Lightning strike kills 3, injures 5 Three members of a family were killed and five others sustained injuries due to lightning in Pahari Kala village under Allahabad district on Thursday afternoon. More Allahabad News»

		Bhubaneswar
		Jaundice cases increasing in city Koraput village gets its community radio station The Dhimsa FM radio station at Chhapar village in Koraput district focusses on rural development issues while offering a platform to the villagers to voice their concern. Sludge left to dry on city roads hamper traffic flow Heaps of sludge lying uncollected along the roads after the drains are cleaned are obstructing traffic flow on Janpath and sub-arterial roads in different wards of the city. More Bhubaneswar News»

		Bhopal
		Mutavalli committee: Probe graft charge, HC directs state govt (160) HC stays I-T action against IAS officer Malay Srivastava 390 words Rescued from bangle factory, child labourers sent home 213 More Bhopal News»

		Chandigarh
		Election wizard plans new campaign for Captain Nurses on war path, FIR registered in Patiala Interpol deletes Paramjit Singh Pamma's name from its files Interpol has decided to drop name of Paramjit Singh Pamma, whose extradition was requested by India but was rejected by Portugal in February, from its polls. More Chandigarh News»

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