The Hindu Business Line : Caution is more pertinent than rebuke

Jogin kept analysing Infy's latest numbers. Sridevi was studying the pros and cons of allowing the Postal Department into the capital market. Dakshinamoorthy was attending Easter service at the neighbourhood cathedral. And Khan activated a pre-set alarm to get them all assemble for market chat. Stand by!

Kay: Hi, all! Chart patters suggest further declines.

Sri: Last week, markets witnessed sharp fall!

Jog: "Some rise by sin, and some by virtue fall,"

as in Measure For Measure.

Dax: Due to margin hike announcement by SEBI.

Jog: Magnitude of the fall rattled the retail investors.

Sri: Nifty may see some rebound and touch 3435 levels.

Kay: Last 4 days, FIIs were continuous net-sellers.

Dax: Unprecedented; in futures too, they're net sellers.

Jog: Why did FIIs suddenly go into a selling spree?

Dax: "Buy terms divine in selling hours of dross."

Sri: Despite impressive business confidence index.

Kay: Definitely, the margin hike is not a big one for them.

Jog: Infy results were good. If markets go down today...

Sri: You can't do anything.

Kay: Today is a key day. Lock this thought in your mind.

Jog: Infosys 1-for-1 bonus should help the stock to bounce.

Sri: This is well in line with market expectations.

Dax: But divergent views likely to influence Infy.

Jog: Possible modest upside.

Sri: Investors await Satyam bonus, as market trigger.

Kay: Hope MF money in waiting gets pumped in.

Dax: And that FIIs return. Last week numbers, koi?

Sri: Here! Birla Eric earned a profit of 7% on April 10.

Andhra Cement and Hind Zinc gained about half that. Tata

Chem was up 3% last Monday, and Orchid Chem, about 1%.

Infosys and Bajaj Auto managed to stay positive.

Jog: Reliance may stay firm till the completion of RPL IPO.

Kay: Expect declines subsequently.

Dax: Reliance Rs 1,200 one-year target, says research.

Sri: Healthy dividend may infuse life into Nestle.

Kay: ACC and Guj Amb may rule firm on merger hopes.

Sri: Dabur Pharma has snaked up to Rs 60 or so.

Dax: Up from the moribund Rs 50-52.

Jog: Reason, revenue streams finally becoming clearer.

Kay: Trading volumes are not quite impressive, though.

Dax: Crisil, low-volume, high-priced stock.

Kay: Why be bothered? One of Thursday's top losers.

Sri: Because of talks of a big investor building position in it!

Jog: Priced at over Rs 1,600. Close to S&P, the global leader.

Dax: Many stocks look tempting after the fall.

Jog: UTI Bank and Gujarat NRE Coke for example?

Sri: Watching UTI Bank. At Rs 320 or so, it seems to have

suddenly fallen far behind.

Dax: Not been in the reckoning for quite some time.

Kay: Road ahead could see some news flowing in, I guess.

Jog: Heard KCP may rally on ensuing results.

Dax: The stock was trading quite actively on the bourses.

Sri: Sterlite seems to be a favourite at the moment.

Jog: Hind Zinc likely to continue its firm trend.

Kay: Jindal Stainless (target 140); Thermax (target 425).

Sri: Train your sight on Varun Shipping.

Dax: "My caution is more pertinent than your rebuke,"

as Brutus says. Bye!

Lee, with inputs from Raj, Nil, Nat, Mad,

Bij, The and Sve.

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