The Hindu Business Line : What’s going on???

Twenty-one thousand seems to be future this week, Dakshinamoorthy thought as entered the chat room titled ‘Market Chat’. He was not the first. Khan was waiting… in his rare but happy mood. Punjab Tractors shot up last week. Whether the wealth would stay or not, was questionable. Sridevi came in and was searching for Jogin. Apparently, Jogin’s exclusive picks for her last week had… backfired! Jogin appeared, chirp as usual.

* * *

Jog: What?

Sri: Stop making ppl lose their money with ur picks.

Kay: Don’t believe him. He just conveys the rumour.

Dax: Anyways, rumours are meant to be like dat.

Jog: No bother. Wat abt the market…any gains

before qtrly results?

Sri: I am buying Infy this week, if results are gud.

Dax: Any one knows wat happnd to Punjab Tractors

Kay: Ya. Made some paper money on it.

Jog: Unusual movement of the stock on Jan 4th

Dax: More than 30% gain on one day. Is it in F&O?

Sri: Nah. May be expectations of being included.

Kay: I hope SEBI caught something.

Jog: Small cap party this week.

Dax: Hope ppl are booking their profits. Anybody know

where crude is…

Sri: Somebody said its goin to touch $150 in 18 months

Kay: Bad on inflation. Even worse for rates.

Sri: This time upstream cos might be more hit.

Kay: Suddenly, the OIL India IPO is not very attractive.

Dax: Tatas car finally coming out in Auto

expo this week.

Sri: Stock cud react to feelers. JLR deal looks

14 days away now.

Kay: So Rel Power IPO finally. Any one who

is not investing?

Sri: Hope, mota & chota bhai settle KG basin dispute.

Dax: Allotment a concern. Will b oversubscribed at

least 4 times.

Sri: Go for JP Power Venture? PreIPO talk going on

Jog: If I may say so, power is a clearly a high risk

investment game.

Kay: My list has cement, auto and FMCG.

Sri: Ya, wonder why they are moving up now.

Jog: Does it mean the bull market is coming to an end?

Dax: Not likely. This Jan, a Fed cut is coming.

Sri: Not surprising, but more room for FIIs

to play with…

Dax: US GDP growth is definitely slowing. Jobs

data was bad.

Kay: What is like now is all the big boys are moving up

in new year.

Sri: Ya. RIL, ONGC, HLL, SAIL. Rcomm looks good.

Any sense on Adlabs?

Jog: Inexplicable. May be the whole Rel Power IPO

thing linked to it.

Dax: Or some hidden news…

Sri: Infosys on 11th Jan is the point. Late for week but

watch out.

Kay: Jet Airways is also hot on news front. Some

QIP issue?

Jog: Mr Goyal needs it to allow 25 per cent

public holding.

Dax: At least somebody is afraid of…. Damo.

Sri: Count me in too. Leave speculators like Jogin out!

Kay: Cut him some slack. Whats hot this week Jog?

Jog: MTNL, Sterlite, Zee, M&M

Sri: Nobody listen to him. I am sure he will short

Dax: Come on. Be nice. Okay then see you

guys nxt week.

Jog: Yes and buy buy. (logs off)

***

Kum with inputs from Bad, and Lee

Blog at http://MarketChat.blogspot.com

More Stories on : Stock Markets | Chat

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
What’s going on???

IT counters suffer most

Today's Pick: RTS Power Corporation (Rs 234.50)

Day Trading Guide

Benchmarks to sustain rally in near term