Financial Daily from THE HINDU group of publications Monday, Sep 27, 2004 |
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Markets
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Stock Markets Those who talk know that those who know don't talk
At the end of a week when Manmohan has been hard-selling India and Musharraf told us he got more marks in maths than our PM, Khan and his chums Dakshinamoorthy, Sridevi and Jogin tiptoe to their PCs for a chat on the bourses. Brace up!
Jog: Charts point to weakness in all pivotal stocks. I too feel so weak, oh... Sri: You're too feeble to key in your thoughts. Better shut down and sleep! Kay: It's okay, Sri. GMDC may show strength on news of renegotiation of a large-sized loan at a lower rate of interest. Dax: You people forgot that Zee's fortunes on cricket tele cast rights are to be decided today by the apex court! Sri: I'm getting bored of cricket ever since I saw Jog playing for the Bandra Club! :-) Kay: Mid-cap pharma may display resilience as positive news flow of the past week may have some spill over effect. Hope you understand! Dax: Oh, yeah, just as much as I can make sense of Donald Rumsfeld who said at a news briefing: "Reports that say that something hasn't happened are always interesting to me, because as we know, there are known knowns, there are things we know we know. We also know there are known unknowns; that is to say we know there are some things we do not know. But there are also unknown unknowns - the ones we don't know we don't know." Jog: Ah, my head is splitting! Shall I tie myself with Eastern Silk? Sri: Good, it might see trading action, on the back of plans to set up a unit in China to source material. Kay: Spark yourself with MICO! It could rule firm, on news that its parent considers India an attractive out sourcing base. Dax: Gujarat Alkalies and Chemplast Sanmar may benefit from anti-dumping duty protection against Korean imports. Option expiration date comes up on Thu. Markets could see some choppiness. Jog: Friday is October 1! Don't forget. Sri: Even if you forget, it will be Oct 1 after Sep 31. LOL Kay: Psst... Sri, September has 30 days! CESC was having good time till the JV of Damodar Valley Corp with Tata Power for setting up Maithon Power upset the applecart! Their power tariff may be cheaper than CESC and even WBSEB. Power games go on in surges... Dax: I'm tracking the latest deals of Israeli billionaire Haim Saban! Kay: You seem too farsighted. Don't forget that we cash in on short-term movements. Sri: One advice, everybody: Those who know don't talk; and those who talk know at least this much - that those who know don't talk. * * * * * Lee, with inputs from Nat, Ray and Sve.
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