Business Daily from THE HINDU group of publications
Monday, Jul 30, 2007
ePaper
Business Daily from THE HINDU group of publications Monday, Jul 30, 2007 ePaper |
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Markets
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Stock Markets Columns - Chat
Khan was plugging possible monetary policy scenarios into his forecasting model. Jogin was studying the fizz currently in the beverage industry. And Dakshinamoorthy was dismantling an old car to see what could be expected in a sub-$3,000 ca r… Till Sridevi drew them all into the weekly market chat. Stand by! * * * Sri: Hi! With the US markets finishing… Kay: Deep in the red last week? Jog: Now all eyes are on the Asian markets opening. Dax: Particularly, Tokyo and China. Kay: Market could start the week on the back foot? Jog: No correction esp like that on Friday! Sri: Good for retail investors? Dax: Whoever coined the phrase ‘healthy correction’! Sri: Last week’s numbers, koi? Jog: L&T rose by about 6% last Monday, while BF Util earned a profit of 5%, and DLF, 4%. Bharti and Petronet LNG were up 2% on July 23. Reliance and Ashok Leyl gained about 1%, even as Era Constr and Kothari Prod ended that day on a +ve note. Dax: Watch out for auto (two-wheeler & SUVs) numbers… Jog: Plus cement despatch numbers on Tuesday. Sri: With inflation once again rising… Kay: Credit policy is keenly watched. Tuesday. Sri: Important…to determine the market’s trend. Jog: Particularly for banking stocks? Dax: Lot of open interest position added! Sri: On banking stocks in F&O segment. Kay: Interest rate hike is definitely ruled out? Dax: CRR may be hiked a little, I fear. Jog: Won’t it hurt the banking stocks! Sri: Going by this quarter’s earnings… Dax: They are unscathed so far… Sri: By the rising interest rates. Kay: Stellar performance by index majors… Dax: Reliance and SBI. Results declared. Kay: SBI results have been impressive. Jog: Could lend some support to the markets. Kay: Don’t indulge in value buying or bottom fishing. Dax: Until the trend is clear. Sri: If Friday was a one-off bad day… Jog: Consider stocks like RCom and GMR Infra? Kay: Crude nearing its record high at $78. Sri: Another cause that can make the markets nervous. Jog: RIL’s gross refining margins will go up. Kay: Further, with high crude prices? Sri: A hike in petroleum prices… Dax: Positive for OMCs. Top up! Bye… * * * Lee with inputs from Lok, Bad, Vim and Bij. Blog at http://MarketChat.blogspot.com
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