The Hindu Business Line : Any hard lesson that may do thee good

Jogin was plotting conflict zones on a world map. Khan was simulating futures trading in onion. Dakshinamoorthy was reading more about how the US taxman's computer goofed up! But Sridevi remembered to message them all, "Chat call!" Respond.

Sri: Hi! Chart patterns suggest range-bound movements...

Kay: With a marginal negative bias. But, a big week ahead!

Jog: Q1 results of most of the Sensex cos.

Kay: GAIL, ACC, Reliance, TCS, IPCL, Wipro, Ranbaxy...

Sri: Tisco, ITC, Guj Amb and India Cem.

Kay: Cement sector is expected to do exceptionally well.

Dax: Earnings season into next gear. Pivotal for markets.

Jog: Geopolitical tensions. Iran, Israel-Lebanon...

Dax: Plus North Korea and Nigeria. `Crude' shock.

Sri: Add to that the upcoming RBI meeting.

Jog: With good news in the market, comes bad news...

Kay: Infosys beat street expectations.

Dax: Followed by crude oil price...

Sri: And finally BOJ rate hike.

Jog: Why is the market fighting shy of 11K?

Dax: Infosys set a buzz of excitement.

Sri: Will other IT majors follow suit?

Jog: Tracking last week's numbers. Ajanta Pharm gained

14% on July 10. India Cem earned 6% and Mittal Sec was up

5% last Monday. ONGC and GHCL made a profit of 3%

while MRO-Tek and Eveready were up almost 2%.

Satnam Overseas and Tata Steel ended that day +ve.

Sri: This week, Bajaj Auto could rule firm. Solid Q1 results.

Kay: Tata Steel could see some weakness.

Dax: Lost out in the race to pick up a plant in SA.

Jog: UB Holdings could see some +ve movement.

Sri: Reason: Bonus 1:1.

Dax: Sugar cos granted permission to commence exports.

Kay: A positive as overseas realisations tend to be higher.

Sri: Dewan Housing Fin may show a 20% increase...

Dax: In Q1 bottom line. May!

Jog: HCL Technologies had a great run last week.

Dax: India Cements still going strong.

Jog: Aftek Infosys (target 70).

Sri: Polaris (target 100) seeing huge volumes. Unitech?

Kay: Hitting either higher or lower freeze most of the days.

Dax: Among mid-cap stocks, 3i Infotech and

Jog: Visaka Ind in focus.

Sri: Balrampur Chini expansion? Doing quite well...

Kay: More than one new-generation plants.

Jog: No diversification though.

Dax: Trading volumes are pretty decent at the moment.

Jog: What about Hero Honda?

Sri: Higher revenues and post-tax earnings...

Kay: But no big gains at the counter. Pressure on margin?

Sri: Good intra-day opportunities, if you didn't notice.

Dax: Crisil expected to gain...

Jog: From a good quarterly performance.

Kay: Low volumes mark trading in the counter, though.

Sri: Can't buy too much Crisil (Rs 1500 plus)!

Dax: Suna tha... ki `A pin lies in wait for every bubble!'

Jog: When the two eventually meet, kya hoga?

Kay: `Some very old lessons' for a new set of investors!

Sri: Much Ado About Nothing!

Dax: "Thou shalt see how apt it is to learn... "

Jog: "Any hard lesson that may do thee good." Bye.

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

Blog at http://MarketChat.blogspot.com