Hi Guys,
Guess you have been sitting on boring markets. The markets are showing good strength amidst a lot of negative news flow on the Eurpean front. I think our worry should be high food prices in India and not the Eurpean markets. The high inflation suggest that rate sensitives will suffer. Look out Tata motors and Maruti and other auto majors. If they still move up I think it will be on the back of their individual story. Well as for me I think the best bet is the laggards. Any guesses? The likes of Satyam. Why not Satyam itself? the 88 barrier on the lower side is strong. The breaking of the 99 barrier on the higher side is a good possibility. That's my take in this already expensive market. any better ideas?

The buy back form Hind Lever suggests that the share value is seen as undervalued by the management. There was this buy back offer some time back which was not much spoken about. Apcotex industries bought back shares from the market at Rs.88 when the share price was at 75. Now the price has climbed to 125. This is one scrip to watch out for.
Also the StanChart IDR seems to be a good investment option. This is one foreign bank with concentrated presence in emerging markets. I think they could be well positioned to deploy low cost funds in emerging markets and thereby enjoy healthy NIM (Nett Interest Margin). The markets may be rangebound. But let me tell you there is lot of underlying activity.

Markets rebounding and so is my interest! Good feeling when for once, markets behave as per my expectations! I expected 15600-700 to be a strong support. The index rebounded just from above those levels. But, Hind Lever is still out of reach. Guess, these "The Business Line" guys overheard me. The recommendation in "The Business Line" has taken the price further away from my planned entry price. Now my wait has extended. Anyway, now it is better to ride the bounce and search for some weak stocks to exit even if they are at minimum gain percentages. I think we may be in for an extended period of sideways movement after this bounce wears off! So guys, start piling the spare cash to purchase some of your favorite stocks!