Financial Daily from THE HINDU group of publications
Monday, Jun 14, 2004
Financial Daily from THE HINDU group of publications Monday, Jun 14, 2004 |
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Markets
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Stock Markets So-called sentiment in reverse gear
Khan, Sridevi, Jogin and Dakshinamoorthy have seen the mayhem in May but are not giving up in June. Catch up with what they gossip about stocks.
Jog: Feeling too week even to say hi! Sri: You're weak in spelling too. LOL Kay: Hi everybody, weak outlook for pivotals, near-term outlook remains weak. Dax: Likely to fall today because of Friday mood. Sri: But I was reading UP in the news! Jog: That must be about Mulayam's UP problem with Congress. Kay: Values in stock market are in the eyes of the beholder. Dax: Like beauty, Kay? Kay: That's right. If one doesn't find value in mid-cap counters when indices are down, don't fault the eyes. It's a matter of psychology. Sri: TCS ka effect kya hoga? Dax: It could be a dampener for entire market. Jog: Should I fill my fuel tank and save a few rupees when prices go up on June 15? Dax: Retail price may not go up. I guess government will forego some tax revenue. Kay: But international prices are falling, almost 10 per cent down from peak level. So, oil stocks are good to watch. Sri: FIIs are looking at media and I'm also doing the same! :-) Jog: I'm typing public sector banks and it's showing nononono. Kay: Listen! Alembic is poised well on the chart. Glenmark Pharma is doing well in the overseas markets. Sri: Its sales numbers and R&D news in the coming quarters may surprise. IMO Dax: Some stocks in domestic pharma sector are long-distance runners. Huf-puf. Kay: Biocon strong buy, I heard. Don't ignore contract manufacturing cos. Sri: Divi's Lab, Matrix Labs, Dishman Pharma. All money in vials! Jog: My mid-cap mania includes Taj Ind, Sintex, Bata, Eveready, CESC, Asian Elec. Dax: Automobiles are a defensive choice. Hero Honda, Bajaj Auto doing well. And growth is sustainable. Kay: Statutory warning: Don't rush seeing a sudden spurt (Gujarat NRE Coke) and don't panic in sudden or steady fall. * * * * * Lee, with inputs from Vir and Jay.
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