Business Daily from THE HINDU group of publications
Monday, Jun 09, 2008
ePaper | Mobile/PDA Version | Audio
Business Daily from THE HINDU group of publications Monday, Jun 09, 2008 ePaper | Mobile/PDA Version | Audio |
|
|
|
|
|
|
|
|
Home Page
-
Stock Markets Markets - Insight Columns - Chat Because Americans lost jobs (guess everything is coming to India), stocks fell there. 49,000 job losses = 394 points less, Jogin was thinking hard. Europe fell too. The only thing that seems to going up is oil - the crude variety of course, Khan quipped. Dakshinamoorthy expected a gap-down for the Sensex when markets open on Monday. Sridevi, the most optimistic of the group, preferred to wait till the Asian markets gave cues in the morning. What’s the support for Sensex, is that what you ask? Market Chat has answers… * * * Jog: This week was BAD. 840 points gone Sri: We have fallen enuf. Its time to rise. Dax: Oil@$139, inflation@8.24%!!! Kay: Stk mkts neva track real economy. Jog: But nw they are. So Monday is Manic again? Dax: Everybdy expects so. Who will buy? Jog: America is in recession, for sure. Sri: More reasons to buy Infy, Styam, HCL, TCS Jog: Bt will rupee fall against dollar? Its @ 42.67 nw Kay: Yes. Dats key to IT cos. More realisations. Dax: If inflation goes higher, Sensex will fall more. Kay: I hrd support was at 15000? Dax: Supports, like promises, r meant 2 b broken Sri: Ha ha ha…somebody is in a bad mood. Jog: Why is that Dax? Dax: Wntd to buy Rcom. Nw it looks set with MTN Sri: You can always buy in seven days, if deals anncd. Jog: Ya, ya…it falls on deal-day! Kay: Excuse me? Buying jst like dat. Wat abt the price? Dax: Today everythin is cheap n attractive Sri: If infltn is high, intrst cuts wil hppn. +ve for banks? Kay: Wats wrong with FIIs yaar? Nt at all buying Dax: Buyin elsewhere. U knw hw much oil hs risen in 08 Sri: Above 40 per cent! Cn we trade in NYMEX oil? Jog: Ask MCX, NCDEX or smbdy else. Kay: Still u will hv to pay for the extra fuel price. Dax: Wat effect cud high fuel hv on industry? Jog: Mostly bad. Pressure on margins, profit evn sales Kay: Mkts cn fall more than 10% then. One second.. Jog: Wat? No tech call today, Says its too risky. Kay: Nt dat. Spice is doin deal wid Idea kya? Sri: News says. Dis time, the belief is strnger. Kay: Only telecom is whr action is. Jog: U lying troll. U made sm money on Anu’s Labs Dax: Aaacha Khan. Nt telling us. Hw much? Jog: Booked 30 per cent profits in this mkt. Sri: Wah wah. My Gokul is gonna give retrns also. Jog: Wats outlk for DLF? Below issue price! Sri: Buy if u hv guts. Prvnkara, Omaxe, Parsvnath too Dax: Only buy bonds nw. Yields as high as infltn Jog: That’s a gr8 idea. 10-yr ones? 2018 is far away Sri: Wat if mkts stay like this for five years, then… Kay: Dnt scare him. ABG, Nalco, Inox results dis wk Jog: I dnt like any of them! Zandu I like Dax: Results for dat too on June 10. Watch out! Sri: Hey Essar Steel buy/sell? Jog: Says will raise offer price. Above $19.5 likely Dax: I hv got a FMCG pick: Britannia Sri: Lets c hw Monday opens. Asia is key. Dax: Long or short on Sensex? Kay: Sidelines seems nice (logs off) * * * Kum with inputs from Bad and Lee Blog at http://MarketChat.blogspot.com More Stories on : Stock Markets | Insight | Chat
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
 |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2008, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|
