Date:02/04/2007 URL: http://www.thehindubusinessline.com/2007/04/02/stories/2007040202000400.htm
Back
Interest bugbear haunts the bourses

Khan was extrapolating how interest rate hike would hit the bottom line. Dakshinamoorthy was calculating the economic loss caused by bandh and power cuts. And Sridevi was looking for a safe place to keep her credit card, out of hackers' reach! Jogin remembered to buzz them for the regular market chat on All Fools' Day... . Join in.

* * *

Jog: Hi. Should we flee from the market?

Dax: Will there be enough time to escape!

Sri: April 1 prank? Market breadth was +ve on Fri.

Dax: "When fools' eyes drop tears," says the Bard.

Kay: RBI hike in repo rate may dampen...

Sri: Sentiment for banks, I suppose. However...

Kay: Global sentiment is quite positive at the moment?

Dax: Banks are a gone case on Monday.

Jog: Interest rates shooting up.

Kay: On the upside Nifty has resistance at 3866.

Sri: On the declines immediate support at 3807.

Jog: Next support below that at 3770.

Dax: Last week, kya hua?

Sri: Hind Tin Wrk gained 2% on Mar 26.

Dax: iGate Global and ONGC moved up 1% that day.

Jog: Hexaware and Punj Lloyd ended on a +ve note.

Kay: Will RBI's move affect the already-slipping...

Dax: Construction and infrastructure stocks?

Jog: CRR move to impact, banking, housing finance...

Sri: Apart from infrastructure and automobile stocks?

Jog: Cement, auto sales figures due this week.

Kay: FMCG and healthcare cos likely to remain strong.

Dax: In the medium term. Cairn Energy trading nice...

Jog: On the chart. Should move up further.

Sri: NTPC worth taking long positions in.

Jog: Mild bullish activity seen in Cipla.

Kay: Inflation controlling with UP elections in mind?

Sri: If Cong loses, will the FM...

Dax: Suna tha Infosys might touch 1,800.

Sri: If it does, great buying opportunity.

Kay: Sab ka question ek hai!

Dax: `How much more do you think it would fall?'

Jog: Even if you are sitting on cash, don't rush and buy.

Kay: Dr Reddy's move will make the markets open...

Sri: With a downward gap on Monday morning.

Jog: ICICI Bank and HDFC Bank ADRs...

Dax: Badly affected on the NYSE on Friday.

Sri: Global markets not too conducive...

Dax: Due to high crude prices.

Jog: ONGC can benefit by high crude prices.

Kay: Though HPCL and BPCL will lose out.

Dax: Reliance Industries is the other pivotal...

Kay: Looks strong. Mid-cap stocks...

Jog: Which are not interest-rate sensitive...

Dax: Would be a better bet as the matter slips.

Kay: Airline companies to be affected too.

Sri: Watch out for high dividend-yielding stocks.

Dax: Dollar dropped against euro and yen after...

Kay: The US added tariffs on imports from China.

Jog: Fuelling concern that...

Dax: The levies will reduce trade flow with...

Sri: The world's biggest holder of foreign reserves.

Kay: Further weakness in dollar...

Jog: Particularly against yen...

Dax: Could send global markets into a tailspin!

Sri: "The dragon's tail," as in King Lear! Bye...

* * *

Lee with inputs from Mad, Lok, Vim, Bij and Bad.

Blog at http://MarketChat.blogspot.com

© Copyright 2000 - 2009 The Hindu Business Line