Business Daily from THE HINDU group of publications
Monday, Aug 13, 2007
ePaper
Business Daily from THE HINDU group of publications Monday, Aug 13, 2007 ePaper |
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Markets
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Stock Markets Columns - Chat
Jogin was studying his credit card statement to locate the ‘pinch’. Sridevi was reading up the nuke deal details. And Dakshinamoorthy was surfing the Net for sub-prime discussions… All, till Khan messaged them ‘C2C’, meaning come to chat. Get aligned! * * * Kay: Hi. Markets yo-yoing. Sri: Creates heartache for traders! Jog: Sharp volatility ejected investors and… Dax: Small traders out of the market. Kay: Global cues, that’s what they say. Jog: Let’s not rue over this too much! Dax: Nifty had support around 4,240 level last week. Sri: Pray that Nifty shouldn’t break this low… Kay: In the next few sessions. Jog: And on the upside, the index faces resistance… Dax: At 4,400 level. Last Monday numbers, koi? Sri: Adani Enter was up 1% last Monday, even as M&M Fin and TCS ended that day on a positive note. Kay: UBS Securities raised an alarm! Jog: On ICICI Bank and SBI. Sub-prime exposure? Sri: But quickly issued a clarification. Last para… Kay: ‘Maintain neutral on ICBK, PT (price target) of Rs 980.’ Jog: Also: “We believe the best news of subsidiaries…” Sri: Price target is based on sum of parts! Kay: No clarity on the FIPB approval for holding co. Jog: If one believed in one’s assessment… Dax: Of a particular stock for a given timeframe… Kay: Movement in the indices is invaluable. Sri: So don’t try? Sterling Holiday Resorts… Jog: Profits in two quarterly results. Dax: Promoters seemed to have reduced… Kay: Unsecured loan burden through sale of some assets. Sri: Holiday, finally? Watch out! Despite sharp falls… Jog: Reliance Energy managing to stay afloat… Kay: On Sasan project win? Sri: “Floating straight, obedient to the stream…” Jog: From The Comedy of Errors! Dax: Pick BEML on declines. Nagarjuna Fert… Jog: Chart calls for buy. An investment one! Sri: Also TCI... Kay: PFC finding support around 165. Dax: As long as our house is in order… Jog: Nothing to worry. Once the global scene… Sri: Becomes clear, Sensex will be the first to rebound! Kay: Many stocks available at tempting rates. Sri: “Tempts most cunningly: but be not tempted…” Jog: Troilus, “Do you think I will?” Dax: If you have surplus money to park… Jog: Ignore the volatility and just buy? Sri: Utilise the opportunity to make your portfolio impressive. Kay: IT stocks, surprisingly, provided solid support! Jog: On Friday, when other sectors were crumbling. Dax: Watch out for August 15, a crucial date! Kay: Mera Bharat mahaan! Sri: Global hedge funds’ investors can give notice? Kay: That they are pulling out their money. Dax: For the July-September quarter, July 1 to August 15… Kay: Application period to withdraw serious money from a hedge fund. Sri: So, if that happens, it might lead to… Kay: A sharp withdrawal across emerging markets, including India! Dax: Brokerage houses seen recommending… Kay: Syndicate Bank and Voltas? Sri: Educomp Solutions and Orbit Corp… Jog: Remained unaffected as they continued to march upwards. Dax: “As we march, our strength will be augmented…” Kay: Helpful thought from King Henry VI. Bye! * * * Lee with inputs from Mad, Bad, Jay, San and Bij. Blog at http://MarketChat.blogspot.com
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