The Hindu Business Line : Choppy markets no problem but steep falls hurt

Jogin was reading Ben Bernanke's speech, between the lines. Sridevi was trying to understand how software acquisitions helped IBM post good results. And Dakshinamoorthy was chuckling at how Google won subsidies to build server farm in North Carolina... Till Khan buzzed them to join for the regular market chat. Hop in!

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Kay: Hi! Markets are encouragingly poised.

Sri: Technically, yes. Expect further moves...

Jog: Up! Strong showing by corporate India.

Dax: Choppy markets no problem but steep falls hurt.

Sri: So, be on guard. Mid-cap and small-cap having...

Kay: A field day! Many feel biggies are over-priced.

Jog: Market showed weakness on Fri. Correction?

Dax: Likely in the next few sessions. For Nifty...

Kay: Immediate support exists at 4,055 level.

Sri: On the upside resistance around 4,130. Last week?

Jog: IFCI Ltd was up 13% on Jan 15. Ranbaxy Lab

gained about 2%. Infosys, Tata Tea, TCS, Wipro and

Savita Chem ended that day on a positive note.

Sri: Inflation worries me... as much as it does the FM!

Kay: MCX intending to float an exchange for SME...

Dax: Could rub off +vely on Financial Tech! Pfizer...

Jog: To rule weak. Flat Q4 results? Textile?

Kay: Some strength on plans to continue with TUFS.

Sri: Wildcard picks include SKM Egg Products...

Jog: Also, NEPC India and IKF Technologies.

Kay: Chart picks Amara Raja, Moser Baer and IVRCL.

Jog: Watching Exide. Surge in quarterly profits!

Sri: After the split, has not gone places.

Kay: Strategic investment in ING's biz has helped!

Jog: Exide now in Rs 42-44 range. Volumes decent.

Dax: Fertiliser stocks? Gas being struck all over. Boon?

Kay: Yes, for fertiliser cos. Use of gas may go up!

Sri: Low-cost fuel likely to push bottom lines further.

Jog: Not many large-cap fert players. Mostly mid-caps.

Dax: Volatile zone! ICICI Bank's numbers impress!

Sri: UTI Bank. Nimble new-gen. Doing smart things.

Kay: Network widening slowly. Stature growth!

Dax: Has stayed on the institutional investors' radar.

Sri: Helios Matheson received a shot in the arm...

Jog: When a broking house gave a `buy' signal! CMC?

Kay: Chart buster for the week. Lost steam on Friday.

Jog: Spotlight on IFCI last week. Surge in volumes...

Sri: Could take it to 40. Shipping sector ignored?

Dax: Check out Varun Shipping. Unitech and...

Kay: Unity Infra. Forward moves! Subex Azure?

Sri: Down after it announced buying out Syndesis.

Dax: Probably, players discount the market price...

Jog: On expected cash outflow for the acquisition?

Kay: Good quarterly results from i-flex, Exide...

Dax: Raymond and Marico. The stocks should fetch...

Sri: Nice returns on investments.

Dax: BILT will enjoy continued buoyancy...

Kay: On surging demand. Pharma?

Sri: Impressive growth in the coming Qs likely.

Dax: Ranbaxy did it!

Kay: Dr Reddy's too expected to do well.

Dax: "With good advice and little medicine... "

Sri: As in King Henry IV? Bye!

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Lee with inputs from Nat, Mad, Bad, Nil, Bij and The.

Blog at http://MarketChat.blogspot.com