The Hindu Business Line : Tell the losers not to be dyed-in-the-wool!

The week saw election problem in cricket board and bank AGMs, even as Gandhiji got the annual salute from netas, but Sridevi is chatting about markets with her friends Khan, Dakshinamoorthy and Jogin. Get, set, go!

Sri: Equities appear poised for further rally on the charts.

Kay: Hi, everybody! Nifty has moved past a critical

positive trigger. Cheer up!

Dax: Inflation has dipped because food item prices fell.

Shall we party?

Jog: If Dax is paying, I'm ready. Anybody saw ONGC and

GAIL?

Kay: They may get a fillip as the

government has cut by a third

subsidy burden that they would

have to bear on LPG and

kerosene. So, we can cook

at home.

Sri: I heard something about

Dubai-based P&O that picked

up 69 per cent stake in Bengal

Port - that it is interested in

ship-breaking venture...

Dax: How heartbreaking for

eco activists! I thought Mukand group has interests in it?

Kay: Break off to rising trend in iron ore prices. I see

momentum to the rally in Sesa Goa and GMDC.

Jog: I have been watching Kalpataru... not the mythical

tree that fulfils desires. :-)

Sri: Kalpataru Power's will get pep from its acquisition of

40 pc stake in JMC projects @ Rs 40.

Dax: Somebody complimented me that I'm dyed in the

wool! Or, is it died?

Jog: Having dyed-in-the-wool opinions means holding

them too strongly. Wool prices are low, so Dax, you can

have more wool for dyeing!

Kay: Three-year low prices, and could tend lower.

Positive for textile major Raymond.

Sri: I was knitting when I heard that Tata Teleservices is

sewing up an acquisition.

Jog: Early birds for the earnings announcement season

would be Infosys and MphasiS BFL.

Dax: I met a cost accountant who wants to become the

chairman of Coal India. Should CAs try?

Kay: Stop competing, you can get into an advisory panel

of DCA if you're not a foreign expert! LOL

Sri: I want to say something about freight...

Dax: What're you frightened of, Sri? Jog is bothering you?

Kay: Shhh... Freight rates in the very large crude carrier

segment are on the ascendant.

Jog: GE Shipping and Essar Shipping have a presence in

this segment. They should benefit.

Dax: Excuse me, I've got a bad tummy.

Sri: You won't be surprised that diseases are

innumerable - count the cooks. :-)

Jog: That's what Seneca said about 2000 years ago. For

investors, you should say something else!

Kay: Be careful... ah, I fell off my chair... .

* * * * *

Lee, with inputs from Nat, Ray and Sve

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