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Global cues boost investor confidence

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Jinsy Mathew Mumbai
Last Updated : Mar 09 2013 | 9:17 PM IST
Benchmark share indices snapped their five-week losing streak and ended at one-month closing highs, amid strong global cues, led by gains in rate-sensitive shares. Also, the encouraging economic data from the world's largest economies, the US and China, boosted investor sentiment. However, three of the six fund manager preferred to remain on the sidelines during the week

A K PRABHAKAR
Sr VP (Equity Research), Anand Rathi Financial Services

Prabhakar was inactive for the week. Going ahead, Prabhakar expects some profit booking ahead of the Research Bank of India (RBI)'s credit policy and advance tax numbers, as March is a book adjustment month so volatility is set to rule the roost. He says if Nifty fails to cross 6,000, then the chances of a correction is high.

His current top holdings include Dr Reddy's Laboratories, SKS Microfinance, Pfizer, LIC Housing Finance and J K Cements. Prabhakar's net worth is at Rs 10.46 lakh, up 4.55 per cent. (Click here for tables)

SHARDUL KULKARNI
Head, Technical Research, Angel Broking

Kulkarni made a single move in the form of adding Titan Industries to his portfolio. Currently, his portfolio consists of Titan Industries, Hindustan Petroleum Corp, Bharat Petroleum Corp, Shree Renuka Sugars and NTPC. Kulkarni's net worth is at Rs 11.72 lakh, up 17.17 per cent.

NAVEEN FERNANDES
Fund Manager, Centrum Wealth

Fernandes had no transactions for the week. His current top holdings include Karur Vysya Bank, MRF, ITC, Nesco and Balmer Lawrie and Co.

Fernandes' net worth is at Rs 11.24 lakh, up 12.40 per cent.

KISHOR OSTWAL
CMD, CNI Research

Ostwal was inactive over the last five trading sessions.

Ostwal terms the current pullback in the market as a typical dead cat bounce as the rally from 5,672 to 5,980 was purely driven by few large cap stocks without wide market participation. He believes if RBI fails to cut rates this time around, markets may correct till 5,800 in March. His portfolio currently consists of Tata Motors, Reliance Industries, Indian Oil Corp, Power Finance Corp and Karnataka Bank.

Ostwal's net worth is at Rs 10.44 lakh, up 4.36 per cent.

SACHIN SHAH
Fund Manager, Emkay Investment Managers

Shah was active through the week. He added stocks of Network 18 Media, Sun Pharmaceuticals, HDFC Bank and ICICI Bank to his kitty during intra-day corrections. On the other hand, he marginally booked losses in LIC Housing Finance and Tata Motors.

His current top holdings include Cipla, ICICI Bank, Divis Laboratories, HDFC Bank and Sun Pharmaceuticals.

Shah's net worth is at Rs 11.06 lakh, up 10.64 per cent.

TAHER BADSHAH
Sr VP and co-head equities, Motilal Oswal AMC - PMS

Badshah added some large cap names like Maruti Suzuki India, Infosys and Bajaj Auto during the week along with Kotak Mahindra Bank, MCX and Bajaj Corp.

He opines a liquidity-led carry trade rally is in the offing.

His top holding as of this week were Maruti Suzuki, Infosys, Wockhardt, United Spirits and Tech Mahindra.

Badshah's net worth is at Rs 11.91 lakh, up 19.05 per cent.
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First Published: Mar 09 2013 | 9:17 PM IST

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