The Hindu Business Line : Index march at Twenty 20 pace?

Jogin was computing the costs of business uncertainty caused by political dillydallying. Khan was extrapolating the ad revenues of T20 matches for the near term. Dakshinamoorthy was studying Gandhiji’s works to spot nuggets that might apply to today’s economy… Till Sridevi messaged them all, ‘LGT’ – for let’s get talking. Listen on!

* * *

Sri: Hi. Market breadth was positive last Friday.

Kay: Sensex, Nifty making new peaks every day.

Dax: FM cautions investors to do homework.

Jog: Do FIIs do that? For Nifty, upside resistance…

Kay: At 5,077. Support on the downside at 4,965.

Dax: Current rally is liquidity driven, not valuation!

Kay: Warrants more caution. Stick to stocks that are…

Sri: Good fundamentally. Avoid stocks jo…

Jog: Ran up in the recent past on the back of…

Sri: A rise in FII participation? These stocks are…

Dax: Likely to be the first to fall in case

of any correction?

Sri: Last week’s numbers, koi?

Jog: Here! IFCI rose almost 19% last Monday, and

Alphageo was up 10%. GE Cap Trans earned a profit of

5%, while Hero Honda and Reliance earned about 4%

that day. Bharti Airtl went up 3%, Union Bank and

Parsvnath, 2%. Ansal Infras, Idea Cell, Adlabs Films and

Varun Ship made gains of about 1% on September 24,

even as Karnataka Bank ended on a +ve note.

Kay: If suffering from homework ‘sir dard’…

Sri: Try Tata Coffee! Brewing strong.

Jog: SCI. Safe sailing! Bullish undertone.

Dax: Eveready declining daily. Technicals

show oversold.

Kay: Sharp rise in volume in Fag Bearings.

Dax: It is set for a rally. Banks riding strong?

Jog: Look out for ING Vysya Bank.

Sri: Did anybody see Whirlpool (BSE) on Friday?

Jog: Zoomed! From 5-day test match to Twenty20 pace.

Kay: Largish volumes too. This, after being at

Rs 39-40 for days.

Jog: Institutional buying in Sintex Industries?

Sri: Gammon absolved of all charges…

Dax: In the Hyderabad flyover collapse? Stock up?

Kay: Value unlocking from the upcoming IPO of

subsidiary?

Jog: Too many companies applying for telecom

licences.

Kay: Telecom stocks may lose the exclusive

rich valuations?

Dax: Bulk deals data show a significant build up…

Sri: In buying interest? Bye!

* * *

Lee with inputs from Mad, San, Sri, Nil and Vid.

Blog at http://MarketChat.blogspot.com

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