Business Daily from THE HINDU group of publications Monday, Feb 19, 2007 ePaper |
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Markets
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Stock Markets Columns - Chat
Jogin was brooding over Volcker's statement about India's inflation. Sridevi was trying to assess the impact of the latest finding about Bt cotton. And Dakshinamoorthy was searching the Net for info about Chinese mobile phones... Till Khan asked them all to pool in their market gyan. Hang on! * * * Kay: Hi! Count down to Budget begins. Sri: Seven more sessions to go. Jog: Pre-Budget rally vs inflation. Clash... Dax: From Monday... to set the trend for the week! Sri: Global markets firm. To aid sentiments. Jog: The pullback over the last two trading days... Kay: Imparted bullishness. Sensex level to watch... Sri: Is 14600? A breach of this level could see... Dax: A move to 15500, from which one could expect... Jog: A sharp correction! Kay: Given Thursday's mood... Jog: The pre-Budget rally would get... Dax: A thumbs up? But, one never knows! Sri: Sometimes, holidays upset the rhythm. Kay: After reacting sharply following CRR hike... Jog: Markets rose on fuel price cut. The next day. Sri: Sensex and Nifty made losses week-on-week basis. Dax: Lost 183 points, and 41 points respectively. Kay: Markets are on course for fresh upward journey. Jog: Negative news got discounted? Sri: We could see Nifty on the higher side at 4212 level. Kay: And immediate downside support at 4120 level. Dax: Nifty ended previously at 4146. Sri: Sugar stocks used the mood to slightly revive... Kay: Long way to go! Dax: Keep off interest rate sensitive sectors. Jog: Arvind mills in a dead cat bounce. Dax: "Plain cannon fire, and smoke and bounce." Kay: From King John! Lokesh Machines... Sri: Could see strength. Germany order? Kay: Automotive Axles may rule firm. A Spanish firm... Dax: Has announced a big stake buy. Open offer? Sri: Srei Infrastructure Finance could see action. Jog: Inducted a partner into its Russian arm. Sri: Chart pick for the week is Cipla. Kay: HLL can see some buying. Jog: Prior to its results announcement. Dax: Parsavnath, Peninland, Unitech... Jog: On recovery mode. After talks of real estate... Kay: Over-heating saw the stocks tumble. Jog: Power sector was low-key on Friday. Dax: Watch out for Tata Power and NTPC this week. Sri: We could see some recovery in Grasim. Kay: After recent fall in the counter. Dax: MTNL and Sesa Goa likely to rise. Sri: On interim dividend, RD being Feb 19. Kay: Godrej will continue to be active... Dax: On bulk deal report. Jog: Hexaware gained on earnings news last week. Dax: To move up as strong volumes were seen Thu. Sri: "A volume of enticing lines... " Kay: As in King Henry VI. Bye! * * * Lee with inputs from Mad, Lok, Bij, Nat and The. Blog at http://MarketChat.blogspot.com
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