The Hindu Business Line : Trust vote effect may be short term

Though the current government may not be safe by numbers, the fact that governments have over five such votes in last eight or so makes July 22 interesting. Jogin thought, anyways elections were six-seven months away. Dakshinamoorthy feels if the nuclear deal does not go through some major companies may lose out. Hence, corporates will be rooting for their favourite government. Sridevi was looking morose. Her mutual fund investments were the culprit. May be MarketChat can cheer her up…

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Jog: MTN deal not hppnin may b +ve for Rcomm.

Sri: Is Bharti comin bk to MTN? Read sm report.

Dax: Any guess on July 22 vote?

Kay: Survival in da ‘vote’ will boost bourses.

Jog: Election anyways will hppn in 6-7 mnths.

Dax: Movement of crude oil prices holds bigger key.

Jog: Do u feel dat $15 price drop in oil a trend?

Kay: Opinion divided. Cmmdty run cud b stemmd.

Jog: Ppl feel oil cud come dwn to $100-110.

Dax: Dat cud be +ve for inflation.

Sri: Dat may allay fears of RBI monetary tightening

Jog: Chances of surprise move July 29 by RBI.

Dax: Corporate earnings are nt dat gud dis time.

Sri: Yes, much below corresponding yr. PAT hit.

Kay: Analysts estimate just 15-18% sales growth.

Dax: No doubt Sensex is nt able to go up more.

Sri: IIP rose 3.8% in May. Lower than 6.2% in April.

Jog: FIIs got whiff of dis. Sold shares of Rs 2,700 cr

Kay: In July? Dats a lot. Arnd 10% of 2008 FII selling.

Jog: The last nail mite cum from Fitch Ratings.

Dax: Hs lowered currency rating outlook to negative

Sri: Tmrrw RIL may go up. ADAG stks may fall.

Jog: Its blame-game season. Ranbaxy is blaming MNC!

Dax: Is the MNC which is trying to bid for it?

Sri: We will nvr know. Leave pharma. Wat abt metals?

Kay: Steel prices may be up in Aug.

Dax: 3-mnth price freeze getting over is it for dem?

Sri: Enuff of fundamental talk. Whr are tech picks?

Kay: IOC, Thermax, Maruti are buys.

Dax: Any sells?

Kay: Voltas is only hold. Tata Chem is sell.

Dax: Any news of US mkts? Indian ADRs?

Jog: IT majors fell btwn 3-6%. ICICI Bk 3.4% up.

Dax: Dsn’t give much hint does it nowadays?

Jog: MFs bullish on Sundaram Clayton dis mnth.

Dax: Makes auto components. Hmmm.

Jog: I want to buy Tech Mahindra. Shd I?

Dax: Wait for results. This week expctd.

Jog: Snsx gained over 1,000 points last two days

Kay: Dnt worry. There will b stks wid gud entry points.

Sri: Ws allotted KSK Ventures. Rs 40 lwr than IPO!

Kay: I am waitin for GSPC, NHPC IPOs.

Jog: Yes. Dey may be gud bets to take, wen dey cum.

Dax: Anybdy knws wat hppnd to gold?

Kay: Dropped further for the 4th consecutive day

Dax: The new week may bring a turnaround in luck.

Sri: My MFs may lose money, but gold-ETF. NO!

Jog: Lets hope we meet on dat positive note nxt week.

Kay: Over to the vote of trust. Bbye. (logs off)

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Kum with inputs from Yog, Bad and Lee

Blog at http://MarketChat.blogspot.com