Range-bound market awaits RBI policy review

The markets ended marginally higher for the week under review (October 19-25), amid a range-bound trading session led by rate-sensitive shares, on hopes of a rate cut by the central bank at its policy meet early next week. Also, the week marked the expiry of October derivative contracts.

The Street was also greeted by several better than expected second-quarter numbers from select Sensex companies. On the global front, Asian markets were trending higher, while US and European markets witnessed volatility.

Three of the six fund managers remained active between October 15 and 18.

A K PRABHAKAR
Sr VP (Equity Research),Anand Rathi Financial Services
Pfizer, Cummins India and Hathway Cable & Datacom were the buy calls he took during the week. Meanwhile, Emami and Tata Coffee were squared off for nine to 14 per cent gains. His top holdings include Cummins India, Emami, Hathway Cable & Datacom, ING Vysya Bank and Pfizer. The net worth is Rs 10.73 lakh, up 7.3 per cent.

A K PRABHAKAR
Top holdings	Cost price (Rs)	Current price (Rs)	Value (Rs  lakh)
ING Vysya Bank	437.09	462.20	1.01
Pfizer	1260.27	1166.80	0.93
Cummins India	495.48	488.90	0.86
Hathway Cable & Datacom	237.64	237.20	0.65
Emami	505.02	576.80	0.46
Total investments			4.20
Cash			6.53
Net worth			10.73

SHARDUL KULKARNI
Head, Technical Research, Angel Broking
Kulkarni took fresh positions in Reliance Industries and Apollo Tyres during the week under review. With this, his top five holdings are Bank of India, Punjab National Bank, Reliance Industries, Lovable Lingerie and Apollo Tyres. The net worth is Rs 11.32 lakh, up 13.3 per cent.

SHARDUL KULKARNI
Top holdings	Cost price (Rs)	Current price (Rs)	Value (Rs  lakh)
Reliance Industries	845.62	810.40	1.09
Bank of India	294.53	297.45	1.00
Punjab National Bank	803.45	803.85	1.00
Lovable Lingerie	377.64	375.80	0.99
Apollo Tyres	87.12	85.95	0.98
Total investments			9.84
Cash			1.48
Net worth			11.32

NAVEEN FERNANDES
Fund Manager, Centrum Wealth
He was inactive during the period under review. He says in the short term, the triggers for the market will be in the form of corporate earnings and monetary easing – either a 25 bps cut in the repo rate or a 50 bps cut in banks’ Cash Reserve Ratio.

As of now, BASF India, ITC, Karur Vysya Bank, NESCO and Bharat Electronics are his top five holdings. The net worth is Rs 10.81 lakh, up 8.2 per cent.

NAVEEN FERNANDES
Top holdings	Cost price (Rs)	Current price (Rs)	Value (Rs  lakh)
Karur Vysya Bank	394.99	446.40	1.12
ITC	266.98	292.05	1.10
BASF India	633.63	664.70	1.04
NESCO	686.71	688.85	1.03
Bharat Electronics	1240.84	1293.75	1.00
Total investments			10.80
Cash			0.01
Net worth			10.81

KISHOR OSTWAL
CMD, CNI Research
Ostwal remined inactive for the week. He says the quarterly earnings results declared so far have beat analysts’ estimates, suggesting the market has consolidated and there is not much downside. Deciding the course of the markets in the near term will be the Reserve Bank action on October 30, where a rate cut is anticipated.

Currently, Tata Steel, BF Utilities, Karnataka Bank, Century Textiles & Industries and Siemens are his top picks. The net worth is Rs 10.54 lakh, up 5.4 per cent.

KISHOR OSTWAL
Top holdings	Cost price (Rs)	Current price (Rs)	Value (Rs  lakh)
Tata Steel	400.50	398.80	0.99
Century Textiles & Industries	368.22	394.25	0.79
BF Utilities	400.30	386.75	0.77
Siemens	691.67	691.10	0.69
Karnataka Bank	118.50	135.10	0.68
Total investments			5.75
Cash			4.79
Net worth			10.54

SACHIN SHAH
Fund Manager, Emkay Investment Managers
Shah added Whirlpool of India to his portfolio. His top holdings include IDFC, Exide Industries, Reliance Industries, Hathway Cable & Datacom and Divis Laboratories. The net worth is Rs 10.6 lakh, up six per cent.

SACHIN SHAH
Top holdings	Cost price (Rs)	Current price (Rs)	Value (Rs  lakh)
IDFC	135.14	157.40	0.79
Hathway Cable & Datacom	220.87	237.20	0.71
Exide Industries	134.68	140.00	0.63
Reliance Industries	821.97	810.40	0.61
Divis Laboratories	1048.72	1150.95	0.57
Total investments			9.53
Cash			1.07
Net worth			10.60

TAHER BADSHAH
Sr VP and co-head equities, Motilal Oswal AMC - PMS
Badshah had no transaction during the period under review. RBI action and global developments are the two major factors to watch in the current range-bound market, he says. The top five holdings are Divis Laboratories, Wockhardt, OnMobile Global, Multi Commodity Exchange of India and HDFC.

TAHER BADSHAH
Top holdings	Cost price (Rs)	Current price (Rs)	Value (Rs lakh)
Divi’s Laboratories	1,156.77	1,150.95	0.86
Multi Commodity Exchange of India	1,290.71	1,396.10	0.77
Housing Development Finance Corp	740.41	765.75	0.77
OnMobile Global	39.39	43.30	0.76
Wockhardt	1,351.67	1,508.15	0.68
Total investments			9.81
Cash			0.97
Net worth			10.78

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