HLL capped
The Cap-It-All Fund's aggressive buying spree at the HLL counter seems to have sent the bears scurrying for cover. On Wednesday, the fund is reported to have picked up close to 1.8 million shares. While there there was some kind of follow up buying interest at the counter, it was not of the same magnitude as the previous day. Sensing Cap-It-All's belligerent mood, bears decided to pack up ahead of the fourth quarter numbers, which are expected shortly. Meanwhile, the Tumble Ton Fund is reported to be steadily buying into the Zee Telefilms counter against all odds, having picked close to 5 lakh shares on Wednesday.

Some relief
There was some relief for the Big Boy Fund yesterday, as a new crop of institutional investors descended at the Visual Soft counter. But Big Boy (who has a large exposure to the stock himself) was not among them. Between 4-5 lakh shares are reported to have been picked up at the counter yesterday, soared on the back of good volumes, a rare event in rolling settlement stocks. Skroedder Fund is still reported to be a seller while the e-NAME brokerage is reported to have been active on the buy as well as sell side, doing the job of placing the stock. I-Yell-FS and the Coat Hari Mutual Fund are tipped to be the buyers at the counter in addition to an off shore fund.

In top gear
While the Telco stock may have lost its charm for Uncle Sam, local funds are willing to take a bet on it. Of course, the perennial rumours about the hiving off of the car division is still in the year, but we do not want what exactly is driving fund managers to the counter. Close to 2 million shares are reported to have been picked up in all at the counter, with the Prudent Fund and Small Daddy figuring among the buyers. Meanwhile, Small Daddy is reported to have had a busy day, picking up close to 2 lakh shares at the Wockhardt counter.

Buyers galore
The Satyam Computer stock seems to have become a text book case of herd mentality. Invariably, most of the traffic at the counters flows in one direction depending on the mood in the market. On Thursday, close to 2 million shares are reported to have been picked up at the counter. While the Savvy Fund Manager is reported to have been one of the participants, there was a good amount of participatory note deals too at the counter.

Trivia
The sluggish sentiment at the Tisco counter only encouraged bargain hunters to shore up their holdings by another 3 lakh shares, Uncle Sam being one of them. Close to 5 lakh shares are reported to have been dumped at the GACL counter through the participatory note route. The Golden Socks fund is reported to be a steady buyer at the ICICI counter even as Singapoori Sarkar is reported to be selling small chunks.

The Stitcher Fund is reported to have started booking profits at the Bhel counter, having sold close to 2.5 lakh shares on Wednesday. The trend at the counter indicated that there could have been follow up selling although the identity of the seller could not be confirmed.

Santosh Nair(email:santoshnair@myiris.com)