The Hindu Business Line : Go for Sensex stocks in small numbers

Jogin was combing the Web for China developments such as the speculation that a capital gains tax may be in the offing on stock market earnings. Sridevi was returning after Holi celebrations, wishing that the markets too opened on a colourful note. Dakshinamoorthy was studying the Budget proposals that matter to non-residents... Till Khan pinged in a coded message: `12886'. That was the Sensex close on Friday, his gang would know...

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Kay: Hi. Markets corrected 15 per cent.

Sri: From the high levels. Sensex and Nifty are at...

Jog: Crucial support levels! Asian market opening today...

Dax: Esp China and Japan. Clue for global markets?

Sri: Yen vs dollar movement keenly watched.

Dax: Will it affect yen-carry trade?

Jog: Closing of yen short positions or carry trade...

Kay: Ahead of possible rate hike in Japan led to this.

Dax: But, rates in Japan are far less compared to ours!

Kay: China markets' fall triggered weakness globally?

Sri: Couldn't comprehend relationship

to Indian markets!

Jog: Stretched valuations reason for bearishness.

Dax: Oversold in short time?

Kay: FIIs sold some of their portfolios here.

Sri: Any stock good in fundas is buying opportunity.

Jog: If you have the money, that is.

Kay: Postpone bottom fishing for a couple of weeks.

Dax: Keep a watch on select large cap stocks...

Sri: That fell considerably. Time for investors to enter?

Jog: One can take mutual fund route, if not direct.

Kay: And buy at lower levels in MFs.

Sri: If you have flab, lose those kilos. But don't look sick!

Jog: Over-priced stocks could tumble

but market still looks healthy.

Kay: Situation suits those with unflinching

faith in the market.

Sri: The FM talking tough against commodity manufacturers.

Jog: Such as cement and steel? Rhetoric could

shake the market!

Kay: Cement stocks such as Grasim, ACC...

Sri: And Gujarat Ambuja can snap back sharply.

Jog: Cement industry vs FM. By hiking prices...

Kay: The former won the first round. FM not amused!

Dax: Tech stocks can lead the next leg of sell-off.

Jog: Buying in equity diversified schemes with...

Kay: Regular dividend payout history is a good option.

Sri: Post-Budget, sectors that we

thought would benefit...

Dax: Have not moved? ITC surged the first day.

Jog: Then, went back into its shell.

Sri: Despite gloomy forecast, if there is an itch to buy...

Kay: Go for Sensex stocks in small numbers. Bye!

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Lee with inputs from Mad, Bad, Lok, Bij and The.

Blog at http://MarketChat.blogspot.com