Financial Daily from THE HINDU group of publications Monday, Mar 13, 2006 |
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Markets
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Stock Markets Columns - Chat We fortify in paper and in figures
Jogin sat sprucing up his CV ever since he read about Barclays Capital's record offer to an IIMB-ian, while Dakshinamoorthy dusted off his books on global financial risk management. And Sridevi was fishing the Net to know more about `Smart Redirection Attack', a new phishing technique! Khan brought them all around for the market talk, messaging, `Chat-eau!'
Kay: Hi, everybody! Chart patterns suggest some upside! Jog: Though key resistance level beckons. Sri: Sensex and Nifty moving up unrelentingly... Dax: No stops on the upward curve! Sri: `More than my dancing soul doth celebrate,' as in King Richard II. Jog: Inflows are the key drivers. Nothing else. Kay: Okay, what about last week? Anybody has the numbers? Dax: Me! Educomp Soln was up more than 6 per cent on March 6. Century Ply earned about 5 per cent last Monday, while NTPC made a gain of 4 per cent. Hotel Leela and Reliance achieved a profit of more than 2 per cent on day 1 of last week, while Sterlite Ind and Vimta Labs earned more than 1 per cent. Century Text, Apollo Hosp, Indraprasth and L&T ended March 6 on a positive note. Sri: In commodities, gold lost almost Rs 300 in the last four days! Jog: Due to its roll down in the Asian trade. May fall further. Kay: Don't be in a hurry to buy the metal now. Sri: `In gold clasps locks in the golden story,' is from Romeo and Juliet! Dax: Technology shares are going great guns. Kay: Value investing in specific software companies can help. Sri: Banks are expected to perform better due to consistent growth in the economy. Jog: Many stocks are still unlocked in their values despite the recent run-up. Dax: Power stocks will have a good future! JMO Kay: Investments in them for longer term will fetch nice returns. Sri: Reliance Communication Ventures may show gain... Jog: As the merger process has been initiated? Dax: Expectations of stock split likely to rev up SBI. Sri: Expect Siemens and ABB to consolidate on gain. Dax: Siemens stock split is also imminent. Kay: CAS news may drive TVS Electronics, TV 18 and Balaji Tele. Jog: Merger expectations may keep ACC firm. Sri: Watching Tata Tea. It was hammered down to almost Rs 900 a few days ago. Kay: From here to Rs 1,000 or beyond? No clear answers... Dax: What about Bilt? The leading paper company is inching up on the bourses. Jog: Not a sharp mover, though, unlike a few other nimble-footed paper stocks. Sri: But will paper actually become the next sugar? Dax: `We fortify in paper and in figures,' as in King Henry IV. Kay: Morgan Stanley has very quietly reached Rs 40. Jog: A trailblazer of sorts, it was at Rs 30-32 not long ago! Kay: Good going for this listed 15-year fund. Sri: A few years are still left before redemption. Kay: Will the fund turn open-end after the 15-year period? Jog: Happy Holi, everybody! Take care. Lee, with inputs from Nat, Mad, Nil, The and Sve. Send in your views to: Chat@TheHindu.co.in.
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