Business Daily from THE HINDU group of publications
Monday, Aug 27, 2007
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Business Daily from THE HINDU group of publications Monday, Aug 27, 2007 ePaper |
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Markets
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Stock Markets Columns - Chat
Khan was busy decoding some of complex securitisation strategies companies engage in. Jogin was trying to distract himself from the gory visuals on the TV about the recent bomb blasts in Hyderabad. And Dakshinamoorthy was lining up a bunch of lead indicators of economic activity… Till Sridevi SMS-ed them, ‘RU3RedE?’ For the regular weekly market chat, of course, as you might have guessed! * * * Sri: Hi. Markets trying to stabilise. At lower levels. Kay: Strength in rest of global markets major +ve. Jog: Volatility will extend this week as the F&O… Dax: Expiry will keep everyone on the edge! Kay: Difference in the derivative segment this time is…. Sri: That many are holding on to loss-making long positions? Dax: Shorts are also getting squared up. Jog: Selling in small-cap and mid-cap stocks… Kay: A cause for concern. Better to stick to… Sri: Quality large-caps that have taken a hit in this correction. Jog: Market saw some recovery on Friday…Nuke? Dax: Rallies depend on FII inflows in future. Sri: Nifty has immediate support at 4,140 on declines. Kay: Hope it doesn’t fall below that level. Jog: On the higher side, mild resistance at 4,230. Kay: Caution is the buzzword. Don’t go berserk… Sri: If the market ends +ve for successive days. Dax: It could be a trap! Buy fundamentally good stocks. Kay: If the market dips, no doubt you will be hurt. Sri: But, the healing will be quicker! Jog: Brokerage houses are saying: ‘Market girega tho…’ Dax: ‘…13,200 udega tho 16,000!’ Last week? Sri: Nagarj Fert rose about 15% last Monday. ICICI Bank 5%, PTC India, almost 4%, and RCom, 3%. Voltas, SBI, Educomp, Orbitco and Unitech earned a profit of close to 2%, while Andhra Bank, Syndicate Bank and BEML were up around 1% on A ug 20. Kay: Today’s global financial market stars echo… Dax: Dialectical responses of Marx towards capital! Sri: “World is dividing into two blocs: the Plutonomy and…” Jog: As Ajay Kapur, ex Citigroup, says. US, UK and Canada. Kay: Key Plutonomies – economies powered by the wealthy. Dax: Did you read recent UBS research? That… Sri: Low income Americans have been in recession… Kay: All through the 20th century? Troubles of “poor America”… Jog: Could have a dire effect on the finances of the wealthy! Sri: Watching India Glycol. Under pressure. Kay: Problem in guar gum exports to Europe… Dax: Follow Century Textiles. Strong with increased volume. Kay: REL after a long gap, has become the favourite… Jog: Of brokerage houses. Target 850? Sri: Mark Glenmark on declines. Kay: Arvind Mills stock showing nice movement on charts. Dax: Swaraj Engines - sudden surge in volumes. Jog: Very strong. Track it! Cement sector? Sri: Anchor role last week. India Cements and Ambuja… Kay: Likely to gather further momentum. Jog: With IT majors going cheap… Dax: Why is not big buying happening? Jog: “You stand like greyhounds in the slips…” Kay: As in King Henry V. “The game’s afoot.” Bye! * * * Lee with inputs from Lok, Mad, Bij, Sub, San and Jay. Blog at http://MarketChat.blogspot.com
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