The Hindu Business Line : Have we hit the bottom?

The benchmark index has fallen over 20 per cent in 2008. Soaring oil prices and commodity prices served as evil twins pushing the rate of inflation to 5.02 per cent. Sounds like US, doesn’t it? Khan thought. Technically speaking, are we in a bear market, Dakshinamoorthy asked. In all honesty, Sridevi felt that the markets could bottom out but no good news is in sight. Jogin’s worst nightmares were confirmed last week. What’s in store this week…

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Jog: I wont say anything. This week was terrible!

Sri: Largecaps have crumbled like naything.

Jog: Did you the cuts? So sharp. 10-20% gone

Kay: U knw wat happened? Buyers went on a strike.

Jog: Sentiment is bad. Defensive cos were butchered

Dax: Brokers saw ppl only selling. Wen is it gonna end?

Jog: Let FM reveal his ‘plan’. The mkt cant bear it

Sri: The banks were like sold off as if we had subprime!

Kay: Lots of places to look for real good value.

Dax: Look at sum powerstocks. Gr8 deal for risk-takers

Jog: NTPC, Tata Power, JP Associates, CESC…

Sri: If Monday is nt bad, sum short-covering will help

Jog: Hw long do bear mkts stay? Its been 2 months nw

Dax: The question is whether we have hit the bottom

Kay: Cud b. Keeping myfingers crossed.

Sri: Analysts r sayin dat a brk of 15,200 would c more slip

Jog: Whr is the support?

Sri: Support @ 13,900 level, the sms reads.

Kay: Chnces for rally?

Dax: Many hurdles but all after 17k. 16100 key

Sri: Bad news again. Countrywide in US facing FBI

Dax: Bad for Bank of America. Will it buy Country nw?

Jog: Hv a feeling dat DJ might nt like the news

Sri: Anything on auto?

Jog: JP Assoc wil replace Bajaj Auto in Snsx frm Mar 14

Kay: Below 16k, the Snsx cos look gud. Time to act…

Dax: Bt feeling jittery. Any views on Nestle?

Sri: Good results. Is a long-term buy. Help wid L&T

Jog: Traders sayin sell. But I hv my heart set on a buy

Dax: Street news: Cement prices may firm up

Sri: A brokerage says bear mkts 2 stay for 3 mnths more

Kay: Make it more if u will. Oil touched $106.

Sri: Wen is US Fed meeting to cut rates? Mar 18?

Jog: Yup. Bt dats 1 week more. Sum news on DLF?

Dax: Hrd dat Singapore REIT listing may b off

Kay: Also raising sum money.

Sri: RIL in soup in Konkan blocks. ONGC too..

Kay: More details? Surrender on cards?

Jog: Hey gud idea to look at gold cos.

Kay: Gold is safer asset, at least nw.

Dax: Anyone havin view of FIIs?

Jog: Sum pocket buying…

Kay: May tk 4-6 mnths 2 resume fully

Sri: Stronger INR deters dem. $ is in demand

Kay: Result of FII selling pressure…

Jog: Wid cut in Fed rates, 6-month Libor has cum dwn

Dax: Weak cues everywhere.

Kay: For da time being, ITC, HUL, Marico are my favs

Jog: Looks like da Nuke deal may also be in news

Sri: The news from external front mor harming.

Kay: Whatever happened to da good old ‘India story’

Jog: Its more India gory at the stock market!

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Kum with inputs from Bad, Lee

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