Chat of equity research analysts while analysing yesterday's India's defeat to WI (Btwn me and my fellow analyst friend)

Vikas says:

trend reversal (sehwag and kaif's batting) was not sustainable and volume (run rate) diminished in the post mid day session thats why bear took the charge and the market ended in red

sandeep says:

wht u call as trend reversal was nothign more than a blip. see when mkt falls some or other stock which has not performed well oflate tend to gain some momentum, with ppl expecting them to take leadership in changing the direction...

sandeep says:

but inherent weakness remains and stocks plunged becoz of tht...

Vikas says:

actually underperformers (sehwag and kaif) took the charge but the growth stocks (dhoni, raina and pathan) and blue chips (dravid) actually failed to deliver

sandeep says:

are we ignoring the fact tht other side of the mkt i.e. investors (here WI team) was also very accurate in recognising the performer and underperfromer in the mkt??

Vikas says:

quite possible

Vikas says:

and that led to very poor advance decline ratio

sandeep says:

haan

Vikas says:

and if the stock like reliance closes on a down circuit (dravid-0) it becomes very difficult for other stocks to counter the decline

sandeep says:

sahwag's knock was more like short covering..

Vikas says:

and infosys (yuvraj) was in short term o trade zone some restructuring (back pain ka illaaz)

Vikas says:

ya sehwag's knock was like reliance energy in which punters love to trade

Vikas says:

and hit a 10% upper circuit

Vikas says:

but underperformance of growth stocks (dhoni & pathan) further worsened the market

sandeep says:

indian mkt is trading inhigh PE zone , hence growth stock has to hav take charge... as in any growth mkt its grwoth stock which leads frm front and not value stock( dravid etc)..

Vikas says:

yes right, value stocks give the support to the strengthen the market

Vikas says:

and the bowlers failed to pull up the support level of the market as a whole (Indian inning)

sandeep says:

if more pressure built in overval