Financial Daily from THE HINDU group of publications
Monday, Mar 07, 2005
Financial Daily from THE HINDU group of publications Monday, Mar 07, 2005 |
|
|
|
|
|
Home Page
-
Stock Markets Markets - Stock Markets Is there anything to spoil the bull party?
Jogin was trying to understand Bihar politics using a chessboard, and Khan was calling his travel agent to cancel his Goa trip, even as Sridevi was using a ladder to plot the Sensex on her wall. It needed Dakshinamoorthy to call the weekly market chat to order. Join in! Dax: Do you know where Bull Temple Road is? It's in Basavangudi! :-) Kay: For our bulls, the temple is in Dalal Street, I'd say. See their mood! Sri: Bullish, very much. Sensex will touch 7000-mark this week. JMO Jog: Notwithstanding what happens to Shibu, Lalu, Paswan and others! :-) Kay: True, I see only the chart, not Budget or politics. Indexaaya namaha! Sri: Keep in sight mid-cap and small-cap stocks. They may shine. Dax: Strong showing during Budget week. Technical indicators point to a continuation of up-trend. Jog: Just because market went up sharply, that doesn't mean it should decline. I mean, it shouldn't! Kay: If only wishes were horses... Nifty ended fine on Friday (2148). It should seek further tops. Sri: There may be resistance at 2170 levels for Nifty. Is there anything to spoil the bull party? Jog: Bears, they say, can disturb Siva's puja! Political instability is not seen in the immediate future. Dax: Global crude oil price increase seems to have been discounted to a great extent. ONGC shining? Kay: Sakthi Sugar has lot of shakthi this week also! Big players have taken position in the stock. Jog: I prefer Simbholi Sugar. It's in 2 per cent circuit. Good for investment. Unless you're Equal! Sri: Indo Asian Fuse Gear is also likely to remain firm. There is talk of placement of shares at Rs 150. Kay: Current market price is Rs 115, Sri. Good pick for short term. Who's tracking Jog Engineering? Dax: That's my job. A construction company into deep financial problem. Surprise candidate, Kay? Kay: It moved by 15 per cent this week. Good pick for high-risk takers. Some positive news on its bridge in Mumbai suburbs. As risky a stock as a shaky bridge. Cross it if you can, fast and safe! Jog: MRPL is a good bet. Might go up shortly. Ended at Rs 50, but hovering around this for long. Sri: Among banks, ICICI, UTI, Andhra and Karur Vysya look grand. Give a re-look at NTPC. Dax: Auto stocks such as Hero Honda, M&M and Tata Motors can be drivers of market. Rev up! Kay: Tata's Rs 1 lakh car talk, Hero Honda's Super Splendour, and M&M gearing up for West Asia. Sri: Construction stocks to hold their ground given Budget positives towards infrastructure. Dax: Tata Tele and MTNL may see some weakness on the back of TRAI's order asking them to stop offering limited mobility on their fixed-line phones. Hello, are gem and jewellery shining? Jog: Definitely, but select stocks. I see action in Mid-day Multimedia also. AP Mills, koi fill in! Kay: Movement expected because board is considering selling shares to IL&FS. Sri: I hear the buzz in HEG, Granules India, Malabar Building Products and Karuturi. Zzzz... Kay: Slept off? "Sleeping is no mean art: for its sake one must stay awake all day," said Nietzsche. * * * * *
Lee, with inputs from Vir, Nat, Mad and Sve.
Send in your views to: Chat@TheHindu.co.in.
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2005, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|