Financial Daily from THE HINDU group of publications Monday, Apr 03, 2006 |
|
|
|
|
|
|
|
Markets
-
Stock Markets Columns - Chat
Khan kept Googling to know more about Google selling $2.07 billion of its stock. Jogin was wondering if China had a law on power theft akin to its `death threat for oil theft'. Dakshinamoorthy sat plotting the price of gold that was at its highest level in 25 years. But Sridevi messaged them all, "GT." Meaning, `Get talking' ... about the markets!
Sri: Hi, trio! Chart patterns suggest that the Nifty could show further gains. Jog: Market snapped rally on Friday. Beginning of a correction? Dax: A friend asks me if I'm bullish or bearish. Kay: Tell him you're neither. Nor foolish. But tradish, yes! Sri: With tonnes of money waiting to gain entry in stocks... Kay: Fundamentals take a backseat, I believe. Jog: Which explains why you're keeping a low profile today? Dax: Big stocks hogged the limelight last week. What about this week? Sri: Traders expect mid- and small-cap to lead the market. Jog: Who has last week's numbers? Kay: Yes, here! Of the stocks we had spoken about last week, Berger Paints earned more than 12% on March 27. Sri: Areva came a distant second with 7%, while ACC, Sterlite and Bharti Tele made a gain of about 3% that day. Dax: Close behind were Nahar Spg, Suzlon Energy and Escorts with a profit of 2% last Monday. Kay: Suzlon Fibres and India Cem were up about 1 per cent at the end of the first day of trading last week. Sri: Kakatiya Cem, DCW, SBI, Aftek Info, Satyam Comp, Rajesh Expo and Galaxy Ent ended that day on a positive note. Jog: This week, street talks indicate action in stocks such as Batliboi, Vybra Auto, Karuturi Floritech. Dax: Markets likely to respond positively to Bajaj Auto's impressive growth numbers. Jog: Hero Honda too reported encouraging sales figures. Should drive it faster! Kay: TVS Motor also may show a firm trend. Sri: Metal stocks, especially steel, likely to gain. Jog: Prices of all metals zoomed last week. Trend seems set to continue. Dax: "No metal can... bear half the keenness of thy sharp envy!" says the Bard. Sri: "No, none that thou hast wit enough to make," adds Shylock. Kay: BHEL's plans in nuclear space will be viewed favourably. Dax: Reliance Ind may rule firm ahead of IPO of RPL. Sri: Praj Ind, a favourite last week, has a target of 160. Jog: Infrastructure stocks such as Nagarjuna Const and Hindustan Const were down on Friday. Expect these to bounce back this week. Kay: Optimistic about Vijaya Bank, which is recovering. Sri: Century Textiles target 500, and Bombay Dyeing 630. Dax: Tyre companies are likely to report good numbers. Jog: There has been 9% increase in tyre consumption, despite price hike. Sri: Tyre companies may raise prices, but economic growth ensures demand. Dax: Good volumes seen in Chennai Petroleum counter. Kay: On rising trend, you can take a buy call. Jog: "A very serious business calls on him... " from All's Well That Ends Well. Sri: What about JP Hydro? Its shares are going great guns! Jog: A delivery pick. Tell me about Videocon and GAIL. Dax: Bagged Oman oil contract. Videocon rising sharply after news indicates good accumulation of the stock. Sri: "... with oily painting. Shall I draw the curtain?" as in The Winter's Tale. Kay: "This toil of ours should be a work of thine," as in King John. Take care! Lee, with inputs from Nat, Mad, Bij, Sub, The and Sve.
Send in your views to: Chat@TheHindu.co.in.
More Stories on : Stock Markets | Chat
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2006, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|