The Hindu Business Line : Fair persuasions mix'd with sugar'd words

Jogin was watching World Cup, Dakshinamoorthy was tweaking his bike for fuel efficiency, and Sridevi was working out the economics of web ads... Till Khan summoned them all for market chat by SMS-ing, `Bull... Doze.' Wake up!

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Kay: Hi! Depressed volumes continue to haunt the market.

Sri: Friday's surge lacked volumes. But gave firmness.

Dax: Exit may follow sharp moves! Profit taking.

Jog: Value in large-caps. Mid & small-caps severely beaten.

Sri: Stay away from market, portfolio gets eroded.

Dax: Invest, and get butchered. Friday was like oxygen!

Kay: Rumours about problems in a private MF?

Jog: "Rumour doth double, like the voice and echo."

Dax: As in King Henry IV! Suna tha ki the fund house...

Sri: Was selling off stocks due to huge redemptions from

big corporate houses and several big individual investors.

Jog: High-profile fund manager quitting? Denied later.

Dax: Beginning of a bear market? All +ve news discounted.

Kay: L&T lost about 30% in a month, despite 1 for 1 bonus.

Sri: Gujarat NRE lost 24% since announcing 1:1 bonus.

Dax: News of bonus shares used to enthuse the market.

Jog: Friday rebound just part of correction after a big fall.

Sri: Due to short covering. Tread cautiously. Still volatile.

Kay: Football mania vs market mania. Eyes off the markets.

Sri: "Like a football you do spurn me thus?"

Dax: As in The Comedy of Errors!

Jog: Hike in interest rates can affect banking stocks.

Sri: Also, realty stocks.

Dax: Such as Unitech and Ansal Properties.

Kay: Metal stocks may face fresh selling pressure.

Jog: On account of weak closings at LME.

Sri: Spentex Inds and Asian Elec earned about 3.5%

Jog: On June 5. Savita Chem and Suzlon Energy...

Sri: Ended that day on a positive note.

Kay: Coffee seems to be in the firm grips of bears.

Sri: "A gib cat or a lugged bear," asks Falstaff.

Dax: Speculators betting on prices declining.

Kay: Technicals seem to support their stand.

Jog: Firms dealing in coffee may have their bottomline hit.

Sri: Caution on counters such as Tata Coffee and Nestle.

Kay: Sugar stocks may turn better after the current spell.

Jog: Rajshree Sugars to pay 50% dividend. Looks attractive.

Dax: Also look at Ponni Sugars and Balrampur Chini.

Kay: For the longer term, that is.

Sri: For sugar manufacturers, key event is...

Dax: Ethanol pricing for refinery supplies.

Kay: An increase from current levels...

Jog: Would impact them positively.

Sri: "Fair persuasions mix'd with sugar'd words."

Kay: From King Henry VI. How apt, Sri!

Dax: Continuing weakness in gold price...

Sri: Not favourable to Titan.

Jog: Try picking up stocks that would...

Dax: Recover as fast as they fell.

Kay: Bombay Dyeing, Reliance Capital and...

Jog: Bajaj Hindustan for example?

Sri: From a trading perspective, both Reliance Energy and

Engineers India appear to hold out some potential.

Jog: Crash in pharma stocks, among MNCs...

Dax: Investment opportunities in Pfizer and Glaxo?

Sri: Air Deccan, kya vichar?

Kay: Right to postpone IPO? Missing the upbeat Friday?

Jog: Best of luck for the week! Bye...

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Lee with inputs from Nat, Mad, Bad, The, Sub, Raj and Bij.

Blog at http://MarketChat.blogspot.com