The Hindu Business Line : From all direction, purpose, course, intent

Jogin sat watching a test model of DGTV, while Khan was working out the costs of democracy, and Dakshinamoorthy was compiling a list of brothers in business and politics... Till Sridevi summoned them all for the weekly market chat with an SMS: "C for... " Chat!

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Sri: Hi, all! Now that 12k has been reached...

Kay: Market would try to steady itself...

Jog: Before searching for directions.

Sri: "From all direction, purpose, course, intent... "

Jog: As from King John! Choppy week?

Dax: Markets recovered from lows on Friday.

Sri: Seems to me that markets should move up further.

Kay: Nifty must stay clear of 3,600 levels...

Dax: To see any further bullish movement.

Jog: What about last week's numbers?

Sri: I have them. Guj Amb Cem earned a profit of 8% last

Monday. Varun Shipping and Guj NRE Coke...

Dax: Were up almost 7% while UTI Bank, KCP, Dabur

Pharma and ACC gained about 5% on April 17.

Kay: Hind Zinc was up about 4%; Jindal Stainless and

Sterlite Ind earned around 3% that day.

Sri: Crisil was up 2% at the end of the first day of last week's

trading, while Reliance ended the day on a positive note.

Kay: Checked IFCI? Investors on the brink of despair!

Jog: Especially after the Budget; disappointed!

Sri: The counter has been showing some pep, of late.

Dax: Consider the latest price, Rs 12. A huge plus!

Jog: UCO Bank. Little happening (at Rs 26 or so).

Kay: Bank management is making the right noises.

Sri: Talk of better numbers this year.

Jog: Volumes not quite impressive.

Dax: ITC snaked up to Rs 200. Decent move from Rs 160.

Kay: Market impressed with company's performance.

Sri: ITC is cigarette plus hotels, paper, biscuits and more...

Jog: Good week for sugar stocks: Oudh and Rajshree, say.

Kay: Cement having a great run, expected to continue.

Sri: India Cement, a favourite? Oil, kya vichaar?

Jog: Look out for IPCL - target 300.

Dax: Neyveli Lignite (target 90) and Maruti (target 960).

Sri: Can buy Satyam at the current price.

Dax: 1:1 bonus not a bad announcement.

Kay: But, only if it crosses Rs 817. (Fri close Rs 810 on NSE).

Jog: The stock has a support at 790 level.

Dax: Infosys and Aurobindo Pharma look good.

Sri: Suna tha ki... J&K Bank and McDowell stocks are...

Kay: For buying? Add to that Era Construction too.

Dax: Tata Coffee is not perking up!

Sri: Though Asian coffee prices are moving up.

Jog: Will increased autonomy for public sector banks...

Dax: Impact stock prices?

Sri: MFs are more active compared to FIIs.

Kay: Buoyant trend likely to continue. JMO.

Dax: With MFs sitting on piles of money.

Jog: Watch Sun TV. Rel Pet over-subscription...

Kay: Seems to have helped the rally in Rel Ind.

Sri: "I shall give you direction... "

Kay: As in Much Ado About Nothing?

Jog: "Led by nice direction of a maiden's eyes!"

Dax: Portia in The Merchant of Venice! Bye.

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Lee, with inputs from Nil, Mad, Bij, The and Ala.

Blog at http://MarketChat.blogspot.com