The Hindu Business Line : Finishing punishing notes

‘Punishing notes’ - that’s how Dakshinamoorthy titled his short piece on participatory notes and was waiting to hear others’ opinion on it. Khan was figuring out the chances of US Fed cutting the rates. We all knew what happened to the Indian markets last time…phew! With the big performance bonus landing up her bank, Sridevi was looking up tax implications…when Jogin did the predictable…BUZZ! It’s that time of the week…listen up.

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Jog: Welcome to la-la land.

Dax: Why what happened? Your wife left you…finally J!

Jog: Nah…I bet on Divi’s Lab this week…

Kay: Made a cool profit of Rs 144/share in one day?

Sri: Wow…any special news...or the usual operator game?

Kay: Markets appear overbought…

Jog: We could book profits on momentum stocks yaar.

Dax: Any news on Reliance Power IPO…

Kay: Heard chota bhai again up to his old stuff!

Sri: NTPC could see a re-rating with…

Dax: Reliance Power hitting the market in November?

Kay: Guys whatever you do…be still on Oct 31.

Sri: It’s Halloween!

Jog: Come on…so we r nt children anymore.

Dax: I think wants to mean the Fed meet that day.

Kay: Bang on!

Sri: With crude striking new highs…

Kay: Gas-to-fuel technology could become inevitable.

Dax: Anybody tracks fuel prices vs equity…

Sri: There cud be sum thing there?

Jog: The way the fuel prices are rising…

Dax: We cud ourselves open up old oil fields.

Kay: Don’t know abt dat but wat I know is…

Jog: It can mean companies dealing in…

Dax: CNG business verticals look attractive?

Sri: Wait…when is Mr Reddy tweaking with…

Kay: Bank stocks again?

Dax: Oct 30…mid term review of annual policy.

Sri: I heard crr cud take the hit

Jog: Wat abt interest rates…haven’t they peaked?

Kay: Any whisper numbers for rcomm or tata motors…

Sri: Ya. Those who cannot be named say…

Jog: RComm could post revenues of Rs 4500 crore!

Dax: Oh I forgot…how’s my presentation paper?

Jog: On P-Notes (Download attachment)!

Kay: The SEBI clarification on P notes…

Sri: Good for the long-term. Certain to have…

Dax: Liquidity implications in the near future.

Jog: Nice…punishing notes J.

Sri: What are the new products Dammo talks abt?

Jog: American style derivatives?

Dax: Talking about US…Dr Reddy’s numbers…

Sri: This week…bled like hell.

Kay: Cipla gained last week but what baffles me is…

Jog: Almost all brokerages have a sell?

Sri: You can never be sure of ‘em

Jog: I know…anything on Tata Motors…

Kay: Heard just 1% profit this quarter.

Dax: Please no whisper numbers discussion here.

Sri: Oops…my prospective fiancée n his family…

Dax: Coming today? CU…

Jog: May be all should scamper now

Kay: This week my bet is mercator.

Dax: okay let us see. Bye!

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Kum with inputs from Sri, San and Lee.

Blog at http://MarketChat.blogspot.com