Jog: So the bonus is on!

Sri: U and ur obsession wid Reliance Power.

Jog: 3:5 ratio. A steal. @IPO cost price cums to 269!

Kay: Hey might be on to sum thing.

Jog: 2mrrw Rpowr is going over Rs 450 for da 1st time

Dax: Maybe. R-Power will be included in the BSE-500

Sri: …Also in BSE Pwr index from Feb 29

Kay: HDFC-CBoP merger is gr8 news.

Sri: Me stuck @62 in CBoP from December.

Jog: Any more banks looking like acquisition targets?

Dax: Theoretically, CBoP can touch Rs 75 high on Mon.

Kay: The biggest banking takeover. Is CBoP a buy?

Sri: Lets c the actual share swap ratio.

Jog: Hrd 1HDFC Bk share for15-20 CBoP shares

Kay: @ Frdy’s price, HDFC Bk share is around Rs 1150.

Sri: Swap ratio may be even higher!

Jog: Any idea of short covering ahead of F&O expiry?

Dax: Doubts. Coz Feb F&O series had low participation

Kay: Watch out for rollovers to the next series.

Sri: Unless 1 has good view of budget impact…

Dax: Why wud he rollover a day b4 budget?

Jog: Hope no Chinese yellow fvr spooks mkts dis time

Kay: Remember last time. Ufff! Chinese tax rumor…

Dax: If its nt a high risk budget, gains will also be low

Sri: Talk of some securities transaction tax is heard.

Dax: Unlikely if u ask me

Kay: Dat wud be big -ve. Anyways any picks to look for?

Sri: Avoid midcaps. May b hotels, pharma, eqpmnts

Dax: Sum activity in railway-linked counters expected.

Sri: Kalindee, Texmaco?

Jog: Depends where Lalu looks. (Laughs)

Kay: Ticket prices lowered might mean –ve 4 airlines

Dax: Anyone saw rupee. Its over 40 nw.

Jog: Is RBI not interfering? Artificial supply crunch?

Sri: Tight money mkt. If FIIs sell, INR is goin up den?

Kay: Can happen. Might see FIIs..,

Dax: Stopping becoz dey will lose money! (Chuckles)

Jog: Good. I dnt see a pre-budget rally. Mood is nt gr8.

Dax: If Union budget is special den Snsx may move up?

Kay: PC’s last shot at GLORY!

Sri: He is sure to touch Infrastructure.

Jog: Sum clarity on natural gas transmission pipelines?

Dax: Yes. That wud be gud. Any views on new listings?

Kay: Got sum allotment in both IRB and Tulsi.

Sri: Will list at premium but den go down

Jog: If they go down, u can hold it. IRB is F&O too.

Dax: IPO action is in Future Ventures and Rel Infratel.

Kay: Hopefully mkt will improve for IPOs.

Jog: REC received gud response. 27x times!!!

Sri: Any idea on Dish TV? Read dat PE fund deal is off.

Kay: Stock has fell a lot frm Rs 130.

Dax: Mkt’s verdict is always harsh. Sure to fall more.

Kay: Nice tip… I hope budget is gud.

Sri: I will love it I hv 2 pay less tax.

Jog: Everybody enjoys a free lunch, but nt being one.

Sri: Ya true. Bbye (Logs off)

* * *