The Hindu Business Line : Making a famine where abundance lies

Jogin plotted three projections for the week. Sridevi studied how the latest quake could impact different economies. Dakshinamoorthy checked gold futures to see if falls were overdone. Khan remembered to connect to the chat parivaar by buzzing, `Baazar'. Link up!

Kay: Hi. Markets ended on a firm note.

Sri: But FII net sales continue. Pulled out over $5 billion.

Dax: From emerging markets over the last couple of weeks.

Jog: Biggest sell-off at over $1.5 billion, in India.

Sri: Further sell-off not likely? Long-term FIIs holding on.

Kay: Massive selling that shook the market...

Jog: Was actually by hedge funds!

Dax: Further depression in stocks can impact FII inflows!

Jog: FIIs net investments in our equity markets...

Kay: Stand at $43.67 billion. MFs did their bit...

Sri: To stabilise the market. FIIs needed for momentum.

Jog: Mild recovery possible. Market may not move up...

Sri: Significantly? MFs facing redemption pressure end

May?

Kay: `The recovery of his recoveries,' as in Hamlet!

Dax: IPOs facing difficult times, as if everyone says, `Po, po'.

Jog: Pooh-pooh? Falling values may impact IPO pricing.

Sri: There could also be some postponements too.

Kay: Stock specific, Reliance looks attractive at these levels.

Jog: Retail foray may further boost its valuations.

Dax: Rupee's slide against $ means +ve impact...

Sri: On techies, Infosys and TCS?

Jog: IT sector could provide a boost to the market.

Kay: With biggies Infosys and TCS playing stellar roles.

Sri: On May 22, Satyam Comp showed 1% profit!

Jog: Watching Andhra Cements. Will ICICI Bank's decision to take a stake lift the stock? Counter hasn't moved much.

Kay: Available at less than Rs 40. SBI? Up and down?

Sri: Chance to revisit. Crossed Rs 1,000 some time ago.

Jog: Not showing major signs of going up fast. Range-bound.

Dax: Q4 results have a dampening impact on the counter.

Sri: Cement, auto cos to announce monthly sales figures.

Kay: Bharati Tele was at around Rs 390? Kab?

Sri: Gung-ho about the counter scooting past Rs 410?

Jog: Trading volumes strong. Nothing to worry about?

Dax: Retail investor remained a mute spectator last week.

Jog: India Cement stock got hammered over last week.

Dax: `Busy hammers closing rivets up,' as in King Henry V!

Kay: Can bounce back with a target of 190.

Sri: Ivrcl ended the week at around 228.

Jog: Returning to its usual zone of 285-300.

Kay: On the results front, ITC did let down investors.

Dax: Higher inflation rate, and increase in fuel prices!

Jog: Adding fuel to fire! Could weaken the sentiment.

Sri: `Feed'st thy light'st flame with self-substantial fuel... '

Jog: Sings the Bard in a sonnet.

Dax: "Making a famine where abundance lies." Bye!

Lee with inputs from Bad, The, Nil, Raj and Bij.

Blog at http://MarketChat.blogspot.com