Chat

'FIIs are again entering Indian equities on an investing spree'

2009-05-14T14:49:00.001+05:30

Value buying is the name of the game, and not just in stocks

Divya (a journalist) walks into Bidyut (an economics professor)’s place with a stack of newspapers under her arm and a packet of doughnuts. Jogin (a student) and Mack (an American expat working in India) rush towards her and relieve her of the packet.

Jogin (Munching on doughnuts): Mmmm! I bet O.P. Bhatt wouldn’t have felt this good while
announcing SBI’s results.
Bidyut: Forty-six per cent rise in fourth quarter profit and 35.5 per cent rise in annual is admirable under the present circumstances. But was it totally unexpected?

More stressful times ahead ...

2009-05-04T16:03:00.001+05:30

It takes two (results) to tango

Jogin (a student), Bidyut (an economics professor) and Divya (a journalist) wait for Mack (an American expat working in India) to return from a check-up after his recent visit to Mexico. The Moody’s report that swine flu could make Indian equities lose foreign investors’ money catches Jogin’s eyes.
Jogin: Do you really think FIIs would leave India because of the swine flu outbreak? I mean, on the one hand they sing about the Indian growth story and on the other, they run because of a global flu outbreak?
Bidyut: As long as the flu does not spread in India, FII exit is remote. I don’t think the situation warrants an outflow yet.

Wait and watch before taking a decision

2009-04-20T16:04:00.002+05:30

Signs of a bull and some clouds

Mack (an American expat working in India) and Bidyut (an economics professor) are going through research reports on markets when their friends Jogin (a student) and Divya (a journalist) join them.

Mack: Hey guys, Bidyut claims that the market is showing a rally because of the elections. What do you think? Will the Sensex drop after the elections?
Jogin: I don’t know about the elections, but I sure wish some of our politicians drop dead. I mean, some of them are old enough to, right?

`Confidence is everything'

2009-04-15T14:14:00.001+05:30

Confidence enough to hold market rally?

Divya (a journalist) is putting away her tax filings when her friends Bidyut (an economics professor), Jogin (a student) and Mack (an American expat working in India) barge in.
Jogin: I am hungry. Is there something to eat?
Divya: I should get a tax rebate for feeding you. Look in the kitchen, you will find something.
Divya: Why didn't Bidyut and Mack feed Jogin?

G20 leader should walk the talk

2009-04-09T15:34:00.001+05:30

Greatness of G20 yet to be tested

Bidyut (an economics professor) is glued to the television as it plays the images of G20 protests in London. Jogin (a student), Divya (a journalist) and Mack (an American expat working in India) join him.

Jogin: A historical summit, wouldn’t you agree?
Bidyut: Yes and no. Yes because the US has agreed to share power with developing nations. No
because only time will clarify if it is a historical meet.

More

'People have to feel comfortable while spending'

2009-03-06T15:46:00.001+05:30

Economy boosters or baits for votes?

Jogin (a student), Divya (a journalist), Bidyut (an economics professor) and Mack (an American expat working in India) meet for dinner in a restaurant. The sparsely occupied tables, despite it being a weekend, do not go unnoticed.
Jogin: Looks like no amount of stimulus measures is helping. Are hotels getting any boosters, by the way?
Bidyut: Theoretically, the cut in Service Tax on lease rentals should help.

'Protectionism will breed itself'

2009-02-23T16:15:00.001+05:30

A week to watch on several fronts

As another week ends with bears running wild in the market, the four friends – Jogin (a student), Divya (a journalist), Bidyut (an economics professor) and Mack (an American expat working in India) – meet for their weekend powwow.
Divya: Mack, there is a lot of talk about nationalisation of banks in the US. Do you think it will happen?
Mack: Well, the new government has said they favour banks in private hands but I think we can expect part-nationalisation regulations soon.

'Fallout of job losses can be grave'

2009-02-16T16:35:00.001+05:30

Who will bail out the government?

On the eve of the interim budget, Divya (a journalist), Jogin (a student), Mack (an American expat working in India) and Bidyut (an economics professor) get together for coffee. The conversation drifts towards the obvious.

Divya: You are unusually quiet, Jogin. What is the matter?
Jogin: I am wondering what the budget will throw up. The suspense is killing me.
Divya: There are wide spread expectations of sops.

'Satyam will be available for peanuts'

2009-01-27T15:12:00.001+05:30

War in the midst of crisis

Jogin (a student) is trying to concentrate on writing an academic report on contemporary financial markets but cannot help overhear the discussion between his friends Divya (a journalist), Bidyut (an economics professor) and Mack (an American expat working in India).
Mack: Kudos to the Obama administration. They seem to be ready to bell the cats, even if it means getting a few scratches.
Bidyut: What are you talking about?

What is more bitter, the coffee or the report!

2009-01-19T14:02:00.001+05:30

Obama for change, Raju for president

Bidyut (an economics professor) is pouring over a report of the latest financial results of IT companies seated in a coffee pub when his friends Mack (an American expat working in India) and Divya (a journalist) walk in.
Mack: Interesting read, Bidyut? What is more bitter, the coffee or the report!
Bidyut: Let me put it this way, coffee can be sweetened.
Mack: Financial reports can also be sweetened. Only thing is making coffee sweeter is easier, and legal.

'The only certainty now is uncertainty'

2009-01-19T14:00:00.001+05:30

Big Four to Big Three now?

The holiday season has come to an end for the four friends – Divya (a journalist), Jogin (a student), Mack (an American expat working in India) and Bidyut (an economics professor). But the wine from Christmas revelry continued to flow – much like the conversation – at Mack’s place.
Jogin: How was the visit home during Christmas holidays, Mack?
Mack: Not too memorable, mate. Most of my friends have lost jobs and others are expecting
to lose them pretty soon.

'Be like the Sensex!'

2008-12-24T16:36:00.001+05:30

Crawling Sensex overwhelms creepy feeling in market

Mack (an American expat working in India) and Jogin (an economics student) get busy decorating a Christmas tree in the former’s house when their friends Divya (a journalist) and Bidyut (an economics professor) join them with cake and pastries. After a round of hellos, the talk inevitably veers towards the market.
Divya: So, can we hope to seen any Christmas cheer in the markets?
Bidyut: I hope it brings some sense to all and we may not have to see promoters buying companies of relatives with shareholders’ money.

The stimulus package

2008-12-08T16:29:00.001+05:30

Will investors take a bite at the cherry?

Divya (a journalist) is just entering her home after returning from work when she is surprised to see her friends Jogin (a student), Mack (an American expat working in India) and Bidyut (an economics professor) waiting outside.

Divya: Ah, the trio is on the prowl.
Jogin: I had some work nearby and thought will give you a surprise visit. I thought bringing Bidyut and Mack along would be safer, just in case …!

'Realty will also feel the heat'

2008-12-02T14:18:00.001+05:30

Can Manmohan pull up a trump card?

Bidyut (an economics professor), Divya (a journalist), Jogin (a student) and Mack (an American expat working in India) are sipping tea in a café when the news on the television on the premises catches Jogin’s eye.

Jogin: Shivraj Patil has resigned as home minister. (Chuckle) That news alone should improve the market.
Bidyut: And Chidambaram is taking over as the home minister. But the real good news for the market is that Manmohan Singh will also handle the finance portfolio.

'Keep people in a country in recession out of depression'

2008-12-02T14:14:00.001+05:30

The Citi that never sleeps also slips

Mack (an American expat working in India) stops at an ATM on his way to a restaurant with friends Bidyut (an economics professor), Divya (a journalist) and Jogin (a student).

Jogin: What is going to happen to Citibank? The Citi that never sleeps has slipped.
Divya: The bank might not crash. US will not let another company crash. But Citi could be broken up, bailed out or sold. It is a huge company, after all.

'Bailouts and state support are not part of free-market principles'

2008-11-17T15:36:00.001+05:30

‘Will I be able to keep my job’

Mack (an American expat working in India) is mulling over accepting a job offer in Kuwait when his friends Bidyut (an economics professor), Divya (a journalist) and Jogin (a student) arrive at his house.
Divya: Have you decided, Mack?
Mack: Nope, but I am not sure I want to take it up.
Jogin: Several finance professional were eyeing
the Middle-East considering it to be more resilient,
especially with Eurozone in recession.

'November will see a sideways movement'

2008-11-11T13:18:00.001+05:30

Obama or Tata: Who can save the economy?

Mack (an American expat working in India) tries to put on a brave face despite gastrointestinal troubles as Bidyut (an economics professor) prepares a home remedy. Divya (a journalist) and Jogin (a student), meanwhile, browse through newspapers.
Divya: Mack, here is a news report that might cheer you. A doctor is Delhi says he has had more patients with hypertension and gastrointestinal problems after
the financial turmoil began. You are not alone!

Mack: (Groaning) Reassuring, thanks.

'Small and unorganised players rule'

2008-11-03T16:05:00.001+05:30

Waiting game on for retail investors, but for how long?

Mack (an American expat working in India), Bidyut (an economics professor), Divya (a journalist) and Jogin (an economics student) are spending a lazy Sunday afternoon sipping on lemonade when the TV crackled with news about the US elections.
Jogin: Everyone seems to be betting on Obama.
Mack: His campaign has always maintained
Momentum. So the optimism.
Divya: It is time the Democrats came to power.

Greenspan’s observations were distressing

2008-10-28T15:30:00.002+05:30

Bear, bear, go away, retail investors want to play

Jogin (an economics student) and Mack (an American expat working in India) start celebrating Diwali before their friends Divya (a journalist) and Bidyut (an economics professor) can join them. Between bursting crackers and munching sweets, Jogin decides to tease Mack.

Jogin: So Mack, Alan Greenspan has finally agreed he was wrong about total freedom in markets. What next? Rolling back neo-liberalism and going the Communist way?

More

Ram on Chat revival

2008-10-21T16:58:00.000+05:30

'It would be better to accumulate stocks in small quantities'

2008-10-20T15:21:00.001+05:30

Is this a good time to invest?

Bidyut (an economics professor) and Mack (an American expat working in India) are seated in the professor’s car, enjoying vanilla ice cream from a roadside vendor near the beach in Chennai when they overhear the seller talking with some customers about the global liquidity crunch and sub-prime. In the face of the assault on their ears, their resolve to stay away from the topic – something they deal with every day in their respective professions – melts faster that the vanilla in Chennai heat.
Bidyut: Well, just about everyone is talking about it now.
Mack: (Chuckles) Ya, seems most people know more about sub-prime that we do.

What should Indian investors now do

2008-09-18T12:54:00.003+05:30

Shailesh H. Mehta, CEO, GurukulOnline Learning Solutions, Mumbai
September 16, 1 pm

Gold prices are weakening.

2008-08-04T15:25:00.001+05:30

Who is looking at corporate results?

Most June quarter results are out and it’s a sad story. What IIP numbers showed at the start of the year, inflation numbers stressed in the mid…is being reinforced by India Inc’s results. Jogin, Dakshinamoorthy, Sridevi and Khan were a worried lot. Growth has definitely slowed? Operating profits surely seem to indicate that! Then, are the Sensex targets based on lofty profits achievable? Forex losses hit hard and so did debt. Any hopes of a quick turnaround are too optimistic. The number of loss-making companies at the net level in the June quarter is 249! Market Chat today debates this topic and looks at what lies ahead…
* * *
Jog: Some technical guys r calling bottom!
Sri: Looking @ results am nt sure!

More...

Its blame-game season

2008-07-21T15:30:00.001+05:30

Trust vote effect may be short term

Though the current government may not be safe by numbers, the fact that governments have over five such votes in last eight or so makes July 22 interesting. Jogin thought, anyways elections were six-seven months away. Dakshinamoorthy feels if the nuclear deal does not go through some major companies may lose out. Hence, corporates will be rooting for their favourite government. Sridevi was looking morose. Her mutual fund investments were the culprit. May be MarketChat can cheer her up…
* * *
Jog: MTN deal not hppnin may b +ve for Rcomm.
Sri: Is Bharti comin bk to MTN? Read sm report.

Kumar on markets

2008-07-18T09:51:00.002+05:30

One more week to ‘deal’ with

2008-07-14T14:10:00.000+05:30

Should you start buying now?
Some call it a structural bull market, some bear market and others continue to point towards the 200-day Daily Moving Average. Whatever be it, I am gonna buy, says Jogin. And why not: valuations have started to become tempting, echoes Khan. Dakshinamoorthy thinks investing is all about where you enter and where you exit! 13500 to 15000 is a good 11 per cent upside, he reasons. Sridevi, the perennial bull, isn’t sure whether there are enough people to buy. Buyers maketh the market. What should you buy now or more importantly, should you even buy? MarketChat has some answers.
* * *
Jog: How abt Prajay Engineers?
Sri: Go for Unitech or DLF. They are bigger.

Jothi on Vaastu

2008-07-13T12:47:00.001+05:30

Jothi Gaanesh, Pune www.vaastuurjaa.com

Shredharaan on aluminium

2008-07-13T12:39:00.002+05:30

N. R. Shredharaan, Chennai nrs@altrades.co.in

Suresh Padmanabhan on stock market investing

2008-07-13T12:35:00.003+05:30

Suresh Padmanabhan, Pune www.themoneyworkshop.com

Prabhu on Bihar visit

2008-07-11T18:53:00.002+05:30

Padmanabhan on 'money line'

2008-07-07T16:19:00.002+05:30

Rajalakshmi on cement

2008-07-04T16:12:00.001+05:30

Santosh on banks

2008-07-04T16:06:00.001+05:30

Suresh on wealth management lesson 2

2008-07-03T17:27:00.002+05:30

Lavanya on steel

2008-07-02T11:11:00.001+05:30

Badri on Markets

2008-07-01T18:38:00.001+05:30

Suresh on wealth management lesson 1

2008-07-01T18:30:00.002+05:30

(Playing in the background: 'The Seed' from 'Sounds of Isha' www.ishafoundation.org)

Inflation can be 15-16%?

2008-06-30T16:00:00.001+05:30

Next stop at 13k?

It is still possible that Sensex stays at current levels and moves higher towards 17k. But there is nothing in the horizon that could make it possible, Jogin squealed. Only Obama can make a difference to oil, if he removes troops from Iraq, Khan said. Dakshinamoorthy has started investing small lots, after meeting a wealth manager. On the other hand, Sridevi is preparing for 13k party. According to her, that’s when buying will resume in full flow. Tune into MarketChat…
* * *
Jog: Crisis is deepening
Sri: Even Dow hs closed below 11400

What is Wealth Management?

2008-06-28T12:35:00.002+05:30

Suresh on what is wealth management

MF Performance

2008-06-28T12:30:00.001+05:30

Suresh on MF performance

Chat on June 24, 2008

2008-06-24T19:30:00.001+05:30

Madhavan on markets

'Buy when everybody sells'

2008-06-23T14:18:00.001+05:30

RBI or politics: Which will blink first?

Mayawati has withdrawn her support to UPA. Does that mean Left is going to do the same, thought Jogin. In the fight for oil or nuke, nuke deal will win, suggests Khan nonchalantly. Dakshinamoorthy was waiting for RBI to act and it surely does when its least expected. Sridevi, the eternal bull, was hoping the bottom is near. Cn Sensex can handle some more pain? Tune into Market Chat
* * *
Jog: Are we going to vote this year?
Sri: Depends on wat the left and congress do

Chat on June 22, 2008

2008-06-22T18:59:00.000+05:30

Chat on June 20, 2008

2008-06-21T10:54:00.001+05:30

Chat on June 19, 2008

2008-06-19T16:09:00.000+05:30

Magesh and Srirenga in conversation....

A costly legal fight means negative for Rcom

2008-06-16T15:29:00.000+05:30

Will RIL-RCom spat affect markets?

‘Mukesh Ambani led Reliance Industries has warned South Africa’s MTN of legal action,’ read out Jogin. Khan explained that RIL feels any agreement between MTN and RCom will be a breach of the agreement between the Ambani brothers. So here we again have the Ambani brothers going at each other’s throats, spoke Dakshinamoorthy. Sridevi had a different thought on her mind. Both Ambanis have companies that represent quite a chunk in the stock markets. Could the spat provide affect the fortunes of the listed companies? Tune into Market Chat…
* * *
Jog: Does mota (Mukesh) bhai hv a case?
Sri: He hs gone bk to some deal in 2006

'If inflation goes higher, Sensex will fall more'

2008-06-09T13:56:00.000+05:30

The market is smarter than we think!

Because Americans lost jobs (guess everything is coming to India), stocks fell there. 49,000 job losses = 394 points less, Jogin was thinking hard. Europe fell too. The only thing that seems to going up is oil - the crude variety of course, Khan quipped. Dakshinamoorthy expected a gap-down for the Sensex when markets open on Monday. Sridevi, the most optimistic of the group, preferred to wait till the Asian markets gave cues in the morning. What’s the support for Sensex, is that what you ask? Market Chat has answers…
* * *
Jog: This week was BAD. 840 points gone
Sri: We have fallen enuf. Its time to rise.

Who will pay more for petrol?

2008-06-02T13:35:00.000+05:30

How much more, before we fall?

GDP numbers were good but inflation was bad. Is RBI getting into rate-hiking mode? If inflation breaches 8.5 per cent, Khan was sure Mr. Reddy would be tempted to do so. Jogin shared same views. On how things haven’t become any cheaper in the last few weeks, so inflation could go up. As if that was not enough, Sridevi has oil on her brain. They have to hike fuel prices – there’s no way out. Her oil marketing company stocks have bled enough was her argument. So, here we have a consensus amongst participants in many weeks, is it? Wait, Dakshinamoorthy is left! He asks whether the market is smarter than us. May be Market Chat will throw some ‘colour’…
* * *
Jog: State-run oil firms hiked aviation fuel prices
Sri: Bad for airline stks. Fuel’s costly. Air-travel will too

Nothing lasts forever!

2008-05-19T15:37:00.000+05:30

Is it time to be cautious?

Everybody is surprised. First, the rupee depreciation against the dollar. Second comes the rise in the stock markets. If rising prices are any indication, are we in for tough times now, asks Jogin. Khan bets that crude oil is going to surpass $150/barrel within three months. Dakshinamoorthy had a different opinion. His line of thinking was on events and hinged on a month like May. Was the fall just round the corner, he thought. Sridevi, representing the small but growing percentage of people who feel markets have recovered, was irritated at the bearish opinions. Lets buy, was her call. Hear what they said on Market Chat…
* * *
Jog: Made some money on Aishwarya IPO.
Sri: Gud volumes. Doubt whether party will last

Inflation remains the biggest concern!

2008-05-05T15:51:00.000+05:30

Again a week of gains?

The RBI upped the CRR unexpectedly. The markets, perhaps, were more happy that the other rates were untouched. But for how long, that’s the questions which was troubling Daksinamoorthy. Khan was surprised with Fed funds rate cut again. Now there is only way no? Climb up! Unaffected by all the hullabaloo, Jogin and Sridevi were preparing to invest in the stock markets again. Are they doing the right thing? MarketChat could have some answers.
* * *
Jog: 17600. Way to go! Jst waitin to invest
Kay: Next week? Won’t you wait a bit more?

'Avoid midcaps. Falls are always deeper'

2008-04-28T16:02:00.000+05:30

Fed (up) with Sensex?

29th April is when RBI will reveal its outlook on monetary situation. Will it let out any surprise, asked Sridevi. Dakshinamoorthy was looking more at the US Fed meet the next day. Clearly the markets will borrow sentiments from overseas. Plus, its May! Khan was unhappy with high crude prices and said that the market has been ignoring it for long. Jogin was the last to join in...
* * *
Jog: Wats ur point Khan?
Kay: Stk mkt cannot ignore fuel prices.

Week will be volatile. Derivatives expiry.

2008-04-21T15:47:00.000+05:30

Sensex may go up; watch out for big results

Everybody is worried how markets will react to the 0.5 per cent CRR hike. Inflation is a major worry. Sensex is up for last few days. Will it fall on Monday, thought Khan. Dakshinamoorthy had a different opinion. Proportion of short positions in F&O were smaller. Nifty would go up, at least. Jogin was thinking along the lines of gold. ETFs may be? Sridevi came in and sparked off a debate. Over to Market Chat…
* * *
Jog: So wats ur point Sri?
Sri: Stks are the thing to be in nw.

Outlook will be important for cos

2008-04-14T12:30:00.000+05:30

No Monday but bad news still…

Inflation is becoming a major worry for investors. Will RBI pull the CRR trigger or first tweak the repo/reverse-repo rates, Khan asked. US stocks, which have incredibly held themselves even as others fell, may fall in line now. Dakshinamoorthy didn’t like the theory but it definitely sent a chill down his spine. Sridevi was waiting for Infosys’ numbers due to come this week. Jogin was happy as there is no trading on Monday. But will be happy by the end of this holiday-curtailed week?
* * *
Jog: No Monday blues. Ye ye!
Sri: Ok. 15 April is Infy results

Any cues from global markets?

2008-04-07T15:26:00.000+05:30

Any chances of inflation in stocks?

5, 6 and now 7%. That’s where wholesale based inflation stands, thought Khan. Wonder how much high it is at the retail level? Whatever be it, Sridevi was sure ‘retail’ investors were nt ready to buy stocks as yet. Jogin, however, is always ready to buy. Technicals are his new friend. But Dakshinamoorthy would stick to his fundamentals. Its sad to one’s investments go down value everyday. Over to market chat…
* * *
Jog: Nt a grea start to new fiscal.
Sri: Lost over 6 % last week.

'Inflation playing the spoilsport as usual '

2008-04-02T15:55:00.000+05:30

External factors on top of mind!

US investment bank Lehman Brothers announcement regarding $350 million defaulted loans is not the kind of news you would want on a Sunday. Coming on the back of a great week, Khan and Dakshinamoorthy were hoping Indian markets remain ignorant. But will Dow Jones stay quiet, Jogin asked. Sridevi was worried about ‘slow growth’ but ‘less inflation’ stance of our Government. Cues seem mixed. Market Chat might throw up some answers.
* * *
Jog: Is this Lehman news material?
Sri: Lehman was subject to fraud.

Foreign brokerages are revising earnings estimates

2008-03-24T16:29:00.000+05:30

This Monday could be different!

Khan, Dakshinamoorthy, Jogin and Sridevi are a worried lot. Each one of them have lost big money in stock markets. Is there as silver lining round the corner? Mondays have been bad for trading. But to get to better Tuesdays, we have to go through the 1st day of the week. And it could be very different this week. Over to market chat…
***
Jog: US Fed’s actions last week cud save us.
Sri: I feel, JP Morgan got a plum of a deal.

Gold is safer asset, at least now!

2008-03-10T14:48:00.000+05:30

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…
* * *
Jog: I wont say anything. This week was terrible!
Sri: Largecaps have crumbled like naything.

Deficit budget by FM

2008-03-04T14:57:00.000+05:30

Aftershocks on Monday?

Wall Street closed down on Friday. Khan was betting that the Sensex might follow it Dakshinamoorthy was of the opinion tha apart from selective auto and pharma stocks, there was anything to cheer up traders, or investors in the Budget.”Global events to rule the roost now,” Sridevi added. What does Jogin feel? Listen to him on Mkt Chat…
* * *
Jog: Monday we r going down baby!
Sri: Gap down likely but…

Hopefully market will improve for IPOs

2008-02-25T12:20:00.001+05:30

Will budget be a non-event?

Khan found that the stock market reacts to the sentiment rather than budget. Large positions built in anticipation of friendly budget leads unwinding or spurs more buying, as may be the case, Dakshinamoorthy felt. Jogin had other things to think about. The Railway budget was his favourite since logistics seems to be the new flavour. Sridevi joined in late. Over to Market Chat…
* * *
Jog: So the bonus is on!
Sri: U and ur obsession wid Reliance Power.

Opportunistic bet!

2008-02-18T16:37:00.000+05:30

Monday morning & stock market blues

Dakshinamoorthy found that Mondays have been carriers of bad news when it comes to Sensex. Khan nodded in agreement. Jogin just dismissed it as plain idiocy. What if it turns true, once again? With FIIs selling in India, wonder where they are buying? Is another set of emerging market emerging from somewhere else? Even big IPOs and listings haven’t worked, Sridevi thought.
***
Jog: Stop terrorising people!
Sri: It can be true. People do take a break on Mondays.

Direct equity exposure too volatile for comfort

2008-02-11T14:26:00.000+05:30

Relying too much on something!

The Sensex has swirled and sunk even as Khan came back from his vacation. Everybody became busy for a few days. Sridevi got married finally but equity markets remain an attraction. Dakshinamoorthy went to US for a project where he saw recession creeping in slowly but surely. Jogin was left behind. With Sensex already 4,000 points off its highs, how low can we go?
* * *
Jog: What is goin on here?
Sri: I think we will stabilise around April-May

More

Don't buy and don't hold!

2008-01-21T15:56:00.000+05:30

‘A day at a time’

Jogin and Sridevi were arguing over the week’s fall in Sensex. 1800 points. Was it too much, too soon? Why now when we have desisted corrections for so long, asked Jogin. Sridevi suggested we are playing catch up with other markets. Khan entered the chat room. Dakshinamoorthy, who was busy studying the charts, finally found out the possible support level for Nifty…
* * *
Kay: Last week was bad. Real bad!
Sri: But did you see Reliance Power? It was a breeze

More

More cuts may not mean more FII money always!

2008-01-17T13:55:00.000+05:30

‘The choice is entirely yours’

Khan had hit upon a discovery of sorts. He found that every time a mega IPO/FPO opens, the market is euphoric. Sridevi had applied for Future Capital last week but was betting on some allotment from Reliance Power. Jogin was planning to go short on Sensex heavyweights as they announce some results this week. Dakshinamoorthy joined in at this juncture…
* * *
Kay: Remember DLF IPO.
Sri: I hope RPL does better than dat

More

What is like now is all the big boys are moving up

2008-01-08T15:23:00.000+05:30

What’s going on???

Twenty-one thousand seems to be future this week, Dakshinamoorthy thought as entered the chat room titled ‘Market Chat’. He was not the first. Khan was waiting… in his rare but happy mood. Punjab Tractors shot up last week. Whether the wealth would stay or not, was questionable. Sridevi came in and was searching for Jogin. Apparently, Jogin’s exclusive picks for her last week had… backfired! Jogin appeared, chirp as usual.
* * *
Jog: What?
Sri: Stop making ppl lose their money with ur picks.

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The petrol price hike likely in the first week of Jan

2008-01-01T16:04:00.000+05:30

Have a blast this year, not literally!!!

We finally got the Christmas gift we hoped for last week. Didn’t we? Sridevi now hoped for the January effect to take centre stage. She was giving final and deft touches to the New Year’s Eve party, when her cell beeped. Everybody was waiting at the chat room. Khan, Dakshinamoorthy and Jogin had left all hopes. But for the cell!
* * *
Sri: Sorry guys forgot about mkt chat.
Kay: Guess, you finally grew the money making habit Sri…

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Re is the second best currency

2007-12-31T16:10:00.000+05:30

No gifts at Dalal Street this Christmas?

Jogin found out that December was a pretty bad month to be invested in the stock market. “Should we move money into debt for this month alone?” he thought. Sridevi had other plans. She was pouring over the 2008 IPO list, after making a killing in PFC, ICRA, Vishal Retail and the latest Mundhra. The year hasn’t been pretty good. Will the next year be the same or even better, Dakshinamoorthy told himself. The Sensex lost around 900 points this week, not a good sign. Khan cheered them up as they plunged into their weekly dose of market chat.
* * *
Jog: I lost around Rs 5k this week. Ask me why?
Sri: (giggles) Why…

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Nifty likely to consolidate before starting to gain

2007-12-17T14:40:00.000+05:30

Any clues from global cues?

Khan was going through the likely impact of the latest Fed Funds rate cut on the US economy. Although the rate is highly unimportant for Indian stock market, he wondered why stocks back home did not react favourably this time round. Jogin was finding his own life not much different as his maid didn’t turn up for the last few days. Extreme delegation of work has its own toll, he concluded. Sridevi was going through the vacation options available on a popular travel portal that suddenly struck her as a good business. Which Indian listed companies are in this segment? Her prayers were about to be answered as Dakshinamoorthy stepped on the gas. “Stock market chat.”

* * *
Sri: Thomas Cook, India Tourism Dev Corp,

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A breakout and then a break-in?

2007-12-10T16:03:00.000+05:30

Celebrating X-Mas too early?

Sridevi was making a list of things to buy for the Christmas bash at her house, even as her boss sent an all-important PPT to go through. Having finished his work, Khan was going through the performance of his stocks last week. Jogin was sending invitations for group chat to all the folks and Dakshinamoorthy was the first to write back: “Market chatters...what do we have this week at the Sensex?”
* * *
Sri: Is this upward momentum in the stock
markets expected to continue?

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IT companies stocks have had good listing gains

2007-12-04T14:41:00.000+05:30

Is the market consolidating at higher levels?

“Pakistan on top as day three of Kolkata cricket test comes to an end,” Khan lamented as he turned his attention to Jogin’s unexpected message. All night at work because of some important assignment, Jogin said he could skip Sunday’s market chat. Dakshinamoorthy wasn’t in great mood either. After finalising his Monday morning presentation, he slipped on the wet floor hurting his ankle. His swollen ankle tells that somebody else might get the honour of doing the sales pitch, instead of him. All was gloomy till Sridevi typed, “Let’s chat folks!”
* * *
Sri: So what’s the news?
Kay: Jog might give chat a slip.

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'Very valuation conscious'

2007-11-26T14:29:00.000+05:30

Some sense in Sensex

FIIs are selling stocks. They sold over $1 billion worth of shares last week.
Jogin was thinking whether this was linked with the year-end profit booking or some hidden information that they had. An office may not be the right place to do that but Dakshinamoorthy was caught up with the India-Pakistan cricket match highlights.

Is being married a one-stop solution for all your tax problems, it occurred to soon-to-be married Sridevi? Khan was about to leave after finishing up his job, when he missed market chat. “Hello everyone...chatters?”

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Go slow on adventures

2007-11-20T15:10:00.000+05:30

Sensex well poised but…

Khan was checking the last time stock market was indecisive about its direction. Dakshinamoorthy was fretting about payment delay after he’d redeemed some of his mutual fund units. Jogin had extra work on hands, compensating for someone in the office on an extended holiday. With her parents fixing up a match for her, Sridevi was talking to ‘him’… Until Khan typed, “You have to see this!”
* * *
Kay: I did some maths on Sensex movement.
Sri: Results?

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On counters that have run up too fast, too soon

2007-11-12T16:06:00.000+05:30

Wish we could say Saawariya of the Sensex!

Khan was revising his school lessons on spectrum. Sridevi was taking stock of Diwali biz. Dakshinamoorthy was studying the commodity trade numbers. All… till Jogin pressed the ‘chat’ buzzer.
* * *
Jog: Hi. Markets eased last week.
Sri: First time after several years!
Jog: Red during muhurat trading.
Dax: Signalling weak markets?

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Cellular to be included in Nifty

2007-11-05T16:31:00.000+05:30

Expect fireworks of a different kind

‘Can I have one of those please?’ Khan asked, as he shifted his laptop to make way for the burger in the cafe. Diwali is on everybody’s mind...but not on Khan’s. He is busy finding budget hotel in Thailand where he attends outsourcing conference on Saturday. Dakshinamoorthy just finished selecting the new colour for his car. Sridevi was giving finishing touches to the e-greetings card that she plans to send out to everybody on Friday. ‘Wines can actually diversify your portfolio if you are an investor,’ Jogin read out loud. “Can wines outperform equity...tell me?” May be market chat will fetch him some answers.
* * *
Dax: Maybe.
Kay: Markets slightly getting into overbought zone.

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Hanging Man Candlestick Pattern

2007-11-03T18:21:00.000+05:30

Bearish Harami Candlestick Pattern

2007-11-03T18:16:00.000+05:30

Gas-to-fuel technology could become inevitable

2007-10-31T14:39:00.000+05:30

Finishing punishing notes

‘Punishing notes’ - that’s how Dakshinamoorthy titled his short piece on participatory notes and was waiting to hear others’ opinion on it. Khan was figuring out the chances of US Fed cutting the rates. We all knew what happened to the Indian markets last time…phew! With the big performance bonus landing up her bank, Sridevi was looking up tax implications…when Jogin did the predictable…BUZZ! It’s that time of the week…listen up.
* * *
Jog: Welcome to la-la land.
Dax: Why what happened? Your wife left you…finally J!

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Bearish Engulfing candlestick pattern

2007-10-27T16:51:00.000+05:30

Bullish Engulfing candlestick pattern

2007-10-27T16:44:00.000+05:30

Reassuring thought!

2007-10-23T13:08:00.000+05:30

A truly stable system expects the unexpected

Khan was studying with concern the trend of one-time items shoring up profits. Dakshinamoorthy was toiling with oil reports. And Jogin was dissecting the recent corporate results into a two-by-two grid, on profit ratio and ROI as axes… Till Sridevi jammed the brakes on their activities with a A truly stable system expects the unexpected cryptic message, thus: ‘StMkCt’ – for start market chat. Hang on!
* * *
Sri: Hi, are you all away?
Kay: No. But traders can stay away!

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There will be plenty of IPOs, led by the proposed offer by Reliance Power

2007-10-15T15:51:00.000+05:30

Anybody for bull sprinting this week?

Khan was going through the investment efficiency of the much-hyped 4 billion dollar to be put in by RIL. Dax pored over the historical P/E of the Sensex. Sri was just about to find the short-term effects of media publicity when.... BUZZ...Jogin calls them for some market chit chat as he is on a “happy” mode after fixing his US client’s communication problem online. “Anybody...yoohooo...hello...guys?”
* * *
Jog: Hey any idea where IT stocks are now?
Dax: (after typing nmne for none) As far as I know, Right time to apply “wait and watch” strategy... key is to remain invested for the long-term.

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Nifty Junior crossed 10K mark

2007-10-09T15:14:00.000+05:30

Signs of hesitancy apparent

Jogin was calculating what difference the new sops would make to exporters. Dakshinamoorthy was charting scenarios with possible interest rates. And Sridevi was analysing the first-day performance of IPOs… Till Khan summoned them all for the weekly market chat. Drop in!
* * *
Kay: Hi! Nuke threat to govt?
Dax: Bad signal for markets!
Sri: News of FM urging banks to cut lending rate…

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Weekly chart of Sensex

2007-10-06T15:27:00.001+05:30

From the weekly chart of BSE sensex it is evident that the long term uptrend is very strong and intact.

Bulk deals data show a significant build up…

2007-10-01T15:22:00.000+05:30

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.

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A cult is a religion with no political power

2007-09-26T15:32:00.000+05:30

Cooling when ‘tis almost an apple?

Khan was anxiously reading Ben’s recent statement about subprime woes. Jogin was restlessly thumbing through ‘The Age of Turbulence’. And Dakshinamoorthy was studiously digging up literature on stockmarket highs… Till Sridevi assembled them all for the weekly market chat, yapping: ‘YAP’. For ‘your attention please’!
* * *
Sri: Hi. Markets are on a roll.
Jog: But volatility cannot be ruled out this week…

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BSE - 30

2007-09-21T12:57:00.000+05:30

The BSE Sensex recorded its life time high of 16,415.88 on September 20th. The immediate support for the Sensex is at 15,940 and the subsequent support is at 15,670 level. As long as the index trades above 15,970 the bullish momentum holds. The trading is volatile on Friday (Sept 21st), the sensex is struggling to enter green.

Investment bankers quite optimistic about India

2007-09-17T14:06:00.000+05:30

Well-sailing ships and bounteous winds

Jogin was studying the currency movement charts of the past few months. Khan was plotting the economic indicators to check for slowdown signs. But it was the fast-paced T-20 on the telly that Dakshinamoorthy was busy watching … Till Sridevi SMS-ed them all: ‘MG’ for market gappa. Sync!
* * *
Sri: Hi. Back from modak feast?
Kay: Hmm… Inflation figures encouraging.
Jog: For the market? Nifty caved in!
Dax: Meekly on Friday.

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Stock on up trend

2007-09-10T14:16:00.000+05:30

Hard to sweep bad news under the carpet

Khan was worriedly studying the US foreclosures data. Dakshinamoorthy was tabulating patents filed info, company wise. And Sridevi was charting the scenarios post a likely rise in petrol/diesel prices. Till Jogin reminded them all about the market chat. Log in!
* * *
Jog: Hi. Study the fundamentals…
Kay: Of small/mid caps before paying heed to ‘news’!

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Contrarian bets!

2007-09-03T14:30:00.000+05:30

Chat

Jogin was studying his bike to catalogue the patents in it. Dakshinamoorthy was tabulating the performance of rated financial products in recent times. And Sridevi was analysing the funding of this year's M&As. Till Khan messaged them, `BB' - short for `Bazaar baatein'. Align!
* * *
Kay: Hi. Market breadth was +ve on Friday.
Dax: On the upside, Nifty faces resistance.
Sri: At 4,480. Further at 4,525.

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It could be a trap! Buy fundamentally good stocks.

2007-08-29T15:45:00.000+05:30

Game’s afoot with greyhounds in the slips

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?

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It has been called ‘irrational exuberance’

2007-08-29T15:42:00.000+05:30

Sarkar in suspense vs sub-prime concerns

Sri: Hi. It used to be said equities are risky…
Kay: But now equities carry ‘big uncertainty’!
Jog: As seen in their rollercoaster move this month?
Dax: Luckily, the US markets bounced back…
Kay: On Friday after the Fed cut discount rate.
Sri: Will that ease sub-prime concerns?
Jog: Capital outflows outplaying our MFs.

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Movement in the indices is invaluable.

2007-08-29T15:41:00.000+05:30

August 15 crucial for hedge fund withdrawals

Kay: Hi. Markets yo-yoing.
Sri: Creates heartache for traders!
Jog: Sharp volatility ejected investors and…
Dax: Small traders out of the market.
Kay: Global cues, that’s what they say.
Jog: Let’s not rue over this too much!
Dax: Nifty had support around 4,240 level last week.

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Global volatility in equity…

2007-08-29T15:40:00.000+05:30

Correction and instruction must both work

Kay: Hi! Wide swing in markets last week.
Sri: Very scary to trade in index.
Jog: Whether long or short…
Dax: Investors are given beating!
Sri: Look, Nifty trades with weakness.
Kay: On the downside, Nifty has support at 4,355.
Dax: If it breaks ‘below’… next at 4,294.

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Don’t indulge in value buying or bottom fishing

2007-08-29T15:38:00.000+05:30

Whoever coined the phrase ‘healthy correction’?

Sri: Hi! With the US markets finishing…
Kay: Deep in the red last week?
Jog: Now all eyes are on the Asian markets opening.
Dax: Particularly, Tokyo and China.
Kay: Market could start the week on the back foot?
Jog: No correction esp like that on Friday!
Sri: Good for retail investors?

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Construction cos’ growth a reality

2007-08-29T15:37:00.000+05:30

Correction and instruction must both work

Kay: Hi! Market can move…
Jog: Sideways next week?
Sri: Investors seem to have turned a trifle wary.
Dax: F&O expiry on Thursday.
Jog: That’ll dictate the trend for the week.
Sri: Presence of short positions…
Kay: Can cause the market to move up sharply!

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Buy on declines!

2007-08-29T15:34:00.000+05:30

Are markets ignoring the negatives?

Kay: Hi. Analysts and bears are baffled…
Sri: At the march of the Sensex?
Dax: There is no logic to this run.
Jog: Fill your coffers and scoot?
Kay: Overall market positive.
Dax: But IT index reflects weakness.
Jog: Rupee impact. Inflows continue!

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Stocks churning? Even if a stock falls…

2007-08-29T15:31:00.000+05:30

Individual stocks nowhere near highs

Jog: Hi! All eyes are riveted on…
Kay: 15K? Or Infosys results due on July 11?
Sri: Infy may lower its rupee guidance…
Dax: While moving the dollar guidance upward?
Jog: Room for upward movement of IT stocks.
Dax: Since they have been under-performing in 2007…
Kay: Due to strengthening rupee.

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When the market was upbeat?

2007-08-29T15:29:00.000+05:30

As clear as founts in July

Jog: Last two days…
Sri: It rained cats and dogs?
Kay: Bulls showed their power!
Dax: They rescued the sugar sector and the FM…
Sri: Cleared the shadow over the cement sector.
Jog: Friday ending was nice to the bulls.
Kay: Mood clearly in favour of them…

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No guarantees about tomorrow

2007-08-29T15:27:00.000+05:30

Open interest position at all-time high

Sri: Hi, Markets gained over 2 per cent last week.
Kay: Will the rally continue?
Dax: Many are clueless about that!
Jog: Bulls not letting the bears get any advantage?
Sri: Bears are getting unbearably squeezed because...
Kay: Investment inflows kept the market afloat.
Dax: Open interest position at all-time high!

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If invested? Catch it on declines?

2007-08-29T15:25:00.000+05:30

To move is to stir, to be valiant is to stand

Kay: Hi, market is losing its way suddenly.
Sri: Very much like you, perhaps!
Dax: Likely to be a volatile week...
Jog: As the market looks for fresh triggers.
Kay: To move higher?
Dax: Wait for the Sensex to close above its...
Sri: Previous peak at 14,683?
Jog: Before making fresh purchases.

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MFs sitting on money?

2007-08-29T15:21:00.000+05:30

By indirections find directions out

Sri: Hi, short-term pull back?
Kay: Quite probable, I'd say.
Jog: But the overall trend is negative.
Dax: On the upside, immediate resistance for Nifty...
Kay: At 4,180 level and above that...
Jog: Around 4,250.
Sri: Nifty closed on Friday at 4,145.
Dax: However, one has to be cautious!

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