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A Singapoori touch to the Infy lift 

Santosh Nair  
Less than a couple of months back, every market maker (read operator) was convinced that old economy stocks had no future. One is not sure if their conviction has changed after seeing the prices take off. But they certainly do not want to miss out on the action either. Also, the recent ice meltdown would have surely taught them one thing-it always pays to have a diversified portfolio. While these players still continue to dabble at technology counters, they have ensured that their portfolio includes non tech stocks as well.

Still going strong: With prices looking northward, more and more fund managers slowly seem to be flocking to the Satyam Computer counter. Apart from the foreign funds, locals who have started buying into the stock include the Big Boy, Prudent Fund, Coat Hari Mutual Fund and Small Daddy. On Tuesday, close to 3 million shares are reported to have been picked up with the Say-Yes-If-Be-Brokerage accounting for nearly 2 million shares through the participatory notes route. But thanks to the One Man Army, who supplied most of the stock, the scrip did not go anywhere near the upper end of the circuit filter. Today the Numero Uno brokerage is reported to have been one of the buyers at the counter to the tune of nearly 5 lakh shares.

Golden deals: With the threat of Jane Fund at the Infosys counter having subsided, bulls have slowly started to make a beeline to the counter. The latest buyers at the counter include Singapoori Sarkar and the Golden Socks Fund. Meanwhile Golden is also reported to be one of the buyers at the ITC counter. Frenzied buying interest at the Hindalco counter continued unabated for the second day. On Tuesday, the Cap-It-All fund is reported to have picked up close to 5 lakh shares through a cross deal at the Numero Uno brokerage. The Jordan Flaming brokerage too is reported to have picked up close a lakh of shares on Tuesday. The identity of the buyers, however, could not be confirmed.

Cap-It-All the way: Cap-It-All has suddenly stepped up his activities over the past couple of trading sessions. He continues to be a regular seller at the SBI and SCI counters. On the other hand he is reported to be buying into the HLL scrip at every decline. On Tuesday, he picked up close to 2 lakh shares of HLL. On Monday, one of the sub accounts of Doish Green Fall fund had picked up 2 lakh shares. There is reported to have been institutional interest at the counter today also. The identity of the fund and the quantum is yet awaited.

Back with a bang: The Doish Green Fall seems to have set the stage for the rally at the SSI counter. The fund is reported to have been a regular buyer at the counter since the start of the week. As in the case of Satyam, with prices on the move, more and more fence sitters are now joining the fray. It is remarkable how this scrip manages to make a dramatic turnaround everytime players write it off.

Trivia: The Dutch brokerage is reported to have been one of the buyers at the Cipla and Dr Reddy counters today. Rumours of a second bonus issue in Cipla has been gaining currency over the past few days. Impressed with Polaris courage (the company filed a counter claim against Data Inc), Coat Hari Mutual Fund has started buying into the stock. Close to 16 lakh shares of Bhel were picked up between Doish Green Fall, Picket and Abu Dubai Investment Authority on Tuesday. Close to a million shares were reported to have been picked up yesterday too, though the identity of the buyers is yet to be confirmed.

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