The Hindu Business Line : Inflation worries or Budget blues?

Khan was compiling all Budget expectations to do a reality check on Feb 28 afternoon. Jogin was reading up how Wal-Mart was hitting a wall, closer home. Dakshinamoorthy was charting interest rate movements against inflation... All, till Sridevi summoned all of them with an SMS: `PBC' for pre-Budget chat! More the merrier...

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Sri: Hi, will the market be back on the rails?

Dax: Ask Laluji! Markets slumped 5% last week.

Kay: Severe hit. Burnt not only fingers...

Jog: Monday and Tuesday expect lacklustre trading.

Dax: Wait for PC's presentation before any purchase.

Sri: "If you wait for opportunities to occur... "

Kay: "you'll be one of the crowd." Edward de Bono.

Jog: Wish sarkar's attempts to cool off inflation...

Sri: Don't end up suppressing a booming economy.

Kay: Could have handled the situation better. :-(

Jog: Inflation worries or Budget blues?

Kay: "Black toad and adder blue... "

Jog: As in Timon of Athens?

Dax: Suddenly, there is a lot of negative news floating!

Sri: Anxiety-ridden weekend for many.

Kay: "Now is the age of anxiety," says W. H. Auden.

Jog: Have maal, buy. Otherwise, remain a spectator.

Dax: The Union Budget will decide the next move.

Sri: If the market bounces back, TV today...

Jog: Potential to reach 170.

Sri: "Success is how high you bounce... "

Jog: "... when you hit bottom." George S. Patton!

Dax: After putting sugar sector in the dock...

Kay: Is cement the next target of Govt?

Sri: Already reflected on infrastructure, realty and...

Dax: Construction stocks. Tata Steel...

Jog: Survived the hammering.

Kay: Target of 475. Reliance and GAIL...

Jog: Escaped the beating.

Sri: Shedding weight is good for the market overall.

Dax: But FIIs were net sellers on Friday in equities...

Jog: When Sensex lost 400 points. Newly listed...

Sri: Power Finance Corp rose 31% on the NSE.

Dax: Moved opposite to the market direction.

Jog: And Swaraj Mazda locked upper circuit!

Kay: House of Pearl Fashions & GMDC on the upside.

Sri: Scrips that don't follow the general trend may...

Dax: Fall during the bull phase of the market, I guess?

Kay: In these bearish days, think of investing in...

Jog: Infrastructure and IT stocks?

Sri: Metal stocks may rebound...

Dax: As LME prices are recovering.

Kay: Bank stocks may get some reprieve.

Dax: After RBI okays...

Jog: Paying some interest on CRR amounts to banks?

Dax: "The unowed interest of proud-swelling state... "

Sri: From King John! CU post Budget! ATB

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Lee with inputs from Mad, Bad and Bij.

Blog at http://MarketChat.blogspot.com