The Hindu Business Line : To trust the mockery of unquiet slumbers

Jogin sat worrying about the latest interest rate hike announced by SBI. Khan was analysing the latest results of airline companies. Sridevi was thumbing through Opal... Till Dakshinamoorthy summoned them all for the weekly market chat. Join in!

Dax: Chart patterns point to continuation of bullish trend.

Kay: Strong showing on Saturday should aid momentum.

Sri: What about SEBI crackdown on brokerage houses?

Jog: Will continue to haunt investors this week too.

Dax: Markets will be highly volatile!

Kay: IPO scam hit the headlines but did nothing to...

Sri: Shake market confidence? Last week's numbers, koi?

Jog: Auro Pharma was up almost 6% on April 24.

Dax: Era Const and Rajsh Sugar earned a profit of 5%.

Kay: Rel Cap made a gain of 2% last Monday.

Jog: ITC, India Cem, IPCL and Tata Coffee were up 1%.

Kay: J&K Bank and Reliance ended on a positive note.

Dax: Interest rate hike perceived as protecting spreads.

Sri: Banking stocks could rule firm, as a result.

Kay: Hind Zinc may cool off a bit after the price reduction.

Dax: SKM Egg Products to rule firm. Good numbers.

Sri: Watch cement and auto stocks after April numbers.

Kay: TVS Motor would be a key stock to watch.

Dax: Dalmia Cement seem interesting. Attractively valued.

Jog: After sarkar okayed additional coal mining capacity...

Kay: Equipment maker Atlas Copco could witness action.

Sri: Funds that invested early in this bull phase...

Jog: Say 2004 start, are slowly exiting.

Kay: Big domestic players also to make a quiet exit.

Dax: Quiet means, markets don't fall when they exit?

Sri: "To trust the mockery of unquiet slumbers... "

Dax: As in King Richard III. Simply put...

Jog: Market will continue to record `all-time high-levels'!

Kay: May be, for some more months, but market breadth...

Sri: Advance to decline ratio may show a different picture.

Jog: Retail investors have not made big money.

Sri: In the current bull phase? Waiting in the sidelines...

Kay: For about two years, only to see markets are going up!

Jog: Funds luring small investors into stock markets.

Kay: Finally, when retail money comes in...

Sri: By withdrawing FDs or selling land holdings?

Dax: Hmm... these funds would have bid bye.

Kay: May be at 20,000 levels.

Sri: So, if you are smart, it's not late; enter quickly.

Dax: Make a quick buck, and exit at, may be, 15-16-k levels!

Jog: "Keep some state in thy exit, and vanish."

Sri: As in Love's Labour's Lost.

Dax: Rel Capital entering retail broking space in a big way!

Kay: New concept. Commission on a transaction basis.

Jog: Unlike those based on the total value of the trades.

Sri: Likely to change the way broking business operates.

Kay: Anil Ambani group co on major Southern expansion!

Dax: To attract retail investors?

Jog: Funds for Indian equity markets from afar, dekha?

Dax: A new fund raised money from investors in Barcelona!

Jog: When new players come in, the older ones can exit.

Sri: Prathiba (target 390), Gitanjali Gems (target 210).

Kay: Tata Elxsi is back in the reckoning. Target 270.

Dax: Hindustan Construction has been silent for sometime.

Jog: Targets easily achieved; so, higher goals are being set.

Sri: Aksh Optifibre has an immediate trigger...

Dax: Imminent consolidation among group ventures.

Jog: Already, a subsidiary merged with the company?

Kay: The counter is now in the Rs 70-80 range.

Dax: Not many brokerages seem to be tracking the stock.

Sri: And volumes are nothing to write home about either.

Jog: Visa Steel, newly-listed, vanished from market radar!

Kay: Last few days, ruling price went below offer price.

Dax: It has plans for a greenfield unit in the eastern region.

Jog: Marketmen hope Visa will one day power ahead.

Sri: Dabur has simply rocked and rolled of late.

Jog: Consider its steep rise to Rs 160-plus levels.

Sri: Time for a correction in Dabur's valuation?

Kay: One doesn't know for sure...

Dax: But FMCG companies have been generally doing well.

Jog: Will Dabur do an HLL?

Sri: Well, that seems to be a difficult call indeed. Bye!

Lee, with inputs from Nat, Nil, Bij, The and Raj.

Blog at http://MarketChat.blogspot.com