Business Daily from THE HINDU group of publications
Monday, Dec 24, 2007
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Business Daily from THE HINDU group of publications Monday, Dec 24, 2007 ePaper | Mobile/PDA Version |
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Stock Markets Markets - Outlook Columns - Chat Jogin found out that December was a pretty bad month to be invested in the stock market. “Should we move money into debt for this month alone?” he thought. Sridevi had other plans. She was pouring over the 2008 IPO list, after making a killing in PFC, ICRA, Vishal Retail and the latest Mundhra. The year hasn’t been pretty good. Will the next year be the same or even better, Dakshinamoorthy told himself. The Sensex lost around 900 points this week, not a good sign. Khan cheered them up as they plunged into their weekly dose of market chat. * * * Jog: I lost around Rs 5k this week. Ask me why? Sri: (giggles) Why… Jog: Went short on IFCI on December 18…bad timing Kay: Ha ha ha…IFCI tumbled 32% in the week Dax: Don’t worry SEBI is all for short selling, but with modifications Sri: I hope Ketan Parekh II doesn’t appear Jog: Any news of market turning back? Kay: I hope so…the year is almost gone Sri: Fund managers will be picking up fresh stocks too Jog: Which ones…not auto I hope? Dax: Sector allocations should not remain the same. Kay: IT may get a re-look Sri: December F&O contracts expire on Thursday Kay: And we got two less days to trade Dax: Holidays not good for sentiment, eh! Jog: Right and then this IFCI thing happened Sri: Forget it. F&O will see good amount of rollover Dax: May be the markets will look up in January Kay: Any thing in Tata Motors Jog: If they win, a bit cool-off, I guess…Jaguar & Rover look expensive Sri: What’s the hoopla about Orient Express? Dax: Tatas at it again. Jog: The official made clear that Orient wasn’t the best Kay: Then why buy it? May be synergy? Sri: Jaguar & Rover…may be expensive at $2 bn Jog: Tata Motors stock went down 7 per cent this week. Sri: For broader market, for all you know it may probably be up Dax: Advance tax collections were pretty good Kay: Mutual funds too sitting on some cash Jog: I have a feeling banking stocks will go up in 2008 Sri: Don’t ever discount the budget. Dax: India is top investor among BRIC nations in US govt securities Kay: Sad these Indians feel US economy is more secure Dax: Yes, I know what you are getting at… Sri: Re is the second best currency, country growing @9% Jog: Not enough for them…mindset problem! Kay: As far as Sensex, don’t wanna see like last Monday Sri: Yes, plunged 769 points or 3.8% Dax: Any listings. I haven’t come across any info Sri: eClerx IPO allotment is over no? Jog: Check whether you have got any Kay: Will it be good to stay invested in Deccan Sri: Not very sure…reverse merger thing is complicated Jog: I heard Kingfisher plans to fly overseas Dax: May be good for combined entity…but losses first Kay: When are the December qtr numbers expected? Sri: From second week of Jan, I guess Dax: Long wait…no gifts for this Christmas then Jog: Hope for no nasty surprises, I don’t want gifts Sri: Wish and it is granted. Bye. (Logs off) * * * Kum with inputs from Sri and Lee Blog at http://MarketChat.blogspot.com More Stories on : Stock Markets | Outlook | Chat
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