The Hindu Business Line : No Monday but bad news still…

Inflation is becoming a major worry for investors. Will RBI pull the CRR trigger or first tweak the repo/reverse-repo rates, Khan asked. US stocks, which have incredibly held themselves even as others fell, may fall in line now. Dakshinamoorthy didn’t like the theory but it definitely sent a chill down his spine. Sridevi was waiting for Infosys’ numbers due to come this week. Jogin was happy as there is no trading on Monday. But will be happy by the end of this holiday-curtailed week?

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Jog: No Monday blues. Ye ye!

Sri: Ok. 15 April is Infy results

Dax: Any whisper on dat?

Kay: Nt dat gr8 frm wat I hrd. My bet is on TCS!

Sri: Ya couple of deals in past 2 weeks.

Dax: IT may cum bk, if clients like GE do bad.

Kay: Why??? Wont they feel the pinch?

Sri: Outsourcing will increase. +ve for TCS, Infy, etc.

Kay: Wat abt mkts in dis week? Too many holidays…

Dax: 2 jayantis. But no victory 4 stks!

Kay: Outlook will be impt for cos.

Dax: Inflation again went up.

Sri: Looks like CRR will be tweaked.

Jog: Wen do they meet nxt? April 29?

Dax: Lets see wat Reddy has in mind

Sri: Bluechips stabilising. But shd we buy midcaps?

Kay: Who knws. If mkts go dwn 10% more…

Dax: Midcaps n smallcaps fall more.

Jog: Watevr be it. Adlabs is @mouth watering levels!

Sri: Let mkts stabilise. News frm US is also bad

Jog: Writedowns? Who now?

Dax: Merrill n Citi may post fresh $15 bn of those!

Kay: Ufff. Wat r all of urs thots on Rel Energy?

Jog: Simple. Buy nw.

Dax: Wil wait, in case mkts go dwn aftr earnings.

Sri: Dwnwrd pressure on stk is over. Wait 4 nw.

Kay: Which sectors whre govt stopped export sops?

Jog: Benefits for cement, primary steel wr withdrawn

Dax: Cement stks may nt care. May be –ve for steel

Jog: Have been advised to look at fundaments.

Sri: Finally! So which sectors?

Jog: IT n pharma. Nothing like Orchid.

Sri: Very volatile stk but cud be gud, if acquired.

Dax: Rally b4 results expected.

Jog: My tech frnd says 16000 is impt.

Dax: My gut feelin is dey r goin down.

Kay: US banks open books dis week.

Sri: God only knws. Wats in it?

Dax: More dan earnings, asset loss size is impt!

Jog: Cheer up evrbdy. No Monday.

Sri: But Tuesday, Wednesday n Thursday

Kay: Ya. One gud thing is mkts appear to hv…

Jog: What? Fell?

Kay: Factored in high inflation. Dats nvr bad.

Dax: 50 bps hike in CRR, says Lehman.

Jog: E*Trade has finally accepted its stake-sale plans?

Sri: Hrd abt dat. IL&FS stk has gone up on rumours.

Dax: Traders excited abt IDFC. Value buy, may be.

Kay: I am thinking of FMCG. Telecom stks.

Jog: Near term prospcts ntgud. Margins.

Dax: Look at hw Jog talks fundmental nw.

Jog: Tech calls didn’t work out 4 me.

Dax: Fundamentals will wrk.

Kay: Wen will FIIs start buying more?

Jog: While everybody is distracted. May b dis week.

Sri: Wipro, HCL, Sonata, CMC, Rolta results

Jog: RPL, PFC, Petronet LNG also.

Kay: Let see. Any news abt RNRL?

Sri: Gas pact case adjourned till Apr 29

Dax: May be sum actn after dat.

Jog: Hoping dat Infy nos dnt swing mkt.

Sri: Lets keep our fingers crossed (Logs off)

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Kum with inputs from Bad, and Lee

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