Business Daily from THE HINDU group of publications
Monday, Jul 23, 2007
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Business Daily from THE HINDU group of publications Monday, Jul 23, 2007 ePaper |
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Stock Markets Markets - Stock Markets Columns - Chat
Sridevi was planning a shuffle of her deposits, with the interest rate horizon looking bleak. Jogin was studying the hedging policies of companies. And Dakshinamoorthy was reading up a clutch of international accounting standards ahead of convergence… Till Khan summoned them all for the weekly market chat. Hop in! * * * Kay: Hi! Market can move… Jog: Sideways next week? Sri: Investors seem to have turned a trifle wary. Dax: F&O expiry on Thursday. Jog: That’ll dictate the trend for the week. Sri: Presence of short positions… Kay: Can cause the market to move up sharply! Dax: Yet again? As short covering kicks in! Sri: Foreign investments dash in… Jog: So techies hit? MFs waiting endlessly? Dax: On the sidelines for ‘correction’ to happen! Kay: But the bulls are not going to give up easily. Sri: Retail investors are risking their neck out… Jog: Because the returns have been good! Kay: Last week’s numbers, koi? Sri: Allahabad Bank rose 9% last Monday. Hindalco earned a profit of 3% and DLF was up 2% that day, while Godrej Cons, L&T and Reliance ended on a +ve note. Dax: Strong copper prices can benefit Hindalco. Jog: Also Sterlite’s bottom line. Kay: High crude prices are a -ve for HPCL and BPCL. Sri: Lead prices are on fire. Record high! Dax: On fears of supply. An US smelter closed down… Kay: Last week. Exports from Australia and Canada? Jog: Affected due to ‘pollution’ investigations! Sri: Watching Hindustan Zinc…only supplier… Kay: Of lead in the country. Jog: So, battery makers will be under pressure? Dax: Take a close look at Amara Raja & Exide! Sri: Exide driven by profit nos. Energetic battery biz. Dax: Likely to be a momentum stock… aaj! Kay: Suna tha…Bharti 1000, Reliance 2100, RCom 750… Jog: Sail 180, Tata Steel 1000. Willing to take a shot? Sri: BF Utilities gained Rs 700 in a week! Dax: Kothari Products without much ado up… Jog: By Rs 150. Pay attention to such stocks… Kay: To pocket big money? Sri: Gateway Distiparks could be accumulated? Kay: Auto stocks beginning to look up. Sri: Relative underperformance in the past month. Dax: Decent numbers from Ashok Leyland. Jog: Midcap tech stocks’ earnings? Kay: Suffered a sharp setback. Sri: Bhart AirTel and RCom escaped on news backup. Jog: Sadbhav Engg gets my buy vote. Dax: For the medium term? Kay: Siemens getting support on declines. Sri: Should see some consolidation. Dax: Akruti should cool a bit. Looks overbought. Kay: No stopovers for L&T. Jog: Construction cos’ growth a reality. Dax: But Era Construction has gone up too sharply. Kay: Await correction. Sri: “Correction and instruction must both work.” Jog: Measure For Measure? Bye! * * * Lee with inputs from Mad, Lok, Sub, San and Bij. Blog at http://MarketChat.blogspot.com
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