The Hindu Business Line : Any clues from global cues?

Khan was going through the likely impact of the latest Fed Funds rate cut on the US economy. Although the rate is highly unimportant for Indian stock market, he wondered why stocks back home did not react favourably this time round. Jogin was finding his own life not much different as his maid didn’t turn up for the last few days. Extreme delegation of work has its own toll, he concluded. Sridevi was going through the vacation options available on a popular travel portal that suddenly struck her as a good business. Which Indian listed companies are in this segment? Her prayers were about to be answered as Dakshinamoorthy stepped on the gas. “Stock market chat.”

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Sri: Thomas Cook, India Tourism Dev Corp,

Tourism Fin Corp…

Dax: What is this?

Sri: Any more cos that are related to travel ?

Kay: Oh so you think their fortunes are related to the vacations.

Jog: Nice idea but who is going on a vacation?

Sri: I am. Maldives or Lakshwadeep. Yet to decide.

Dax: Phoren travel! Who is funding?

Sri: Stocks!

Jog: Any juicy news on market movers?

Dax: Nifty likely to consolidate before starting to gain

Kay: National Steel up strongly on rising volumes.

Sri: Heard that Hotel Leela gathering strength.

Jog: Nobody’s talking about cement.

Kay: Follow up Prism Cement, if you want to…

Dax: Can markets tank this week? It’s long overdue.

Jog: The market may turn volatile in the coming week.

Kay: FII selling may continue in the near term.

Dax: Heard on TV that the Fed cut in interest rates

was not enough to stabilise.

Jog: We are de-coupled from all that.

Sri: Not so fast. What about the Indo-US nuclear deal?

Kay: What I can sense is any major sell-off may

cast its shadow here.

Dax: And the Gujarat election results...

Jog: Gujratis are doing well. Financial Tech

again sold off stake.

Sri: Don’t be so regionalist...what about Goa as

a vacation spot J

Kay: It’s the best place to be.

Jog: One Company supposedly is selling land in Goa…

Dax: Who? Realty fetches big price there.

Jog: Zuari Industries. Don’t you notice it’s up

nowadays? Real estate buzz.

Kay: I will stay away from chemicals & fertilisers.

Sri: Try out pharma...charts show

Cadila Health climbed.

Dax: But volumes not quite significant.

Kay: Hind Oil Corporation looks great but broker

report says buy on declines!

Sri: Heard of the postal life insurance fund news?

Jog: Aye, but UTI MF and SBI MF are managers .

Kay: Will they buy now at such elevated levels?

Dax: Looks bleak, FIIs seemed to have gone home too.

Jog: No immediate trigger then huh?

Sri: On top of that...Morgan Stanley says Sensex

range is 11022 to 28000.

Kay: Not quite sure whether Uncle Sam, sub-prime

crisis will help us to 28K

Dax: 28K is a far-fetched idea but what about the week?

Sri: Global cues baby...gets your clues from global cues.

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Kum with inputs from Sri, Mad and Lee

Blog at http://MarketChat.blogspot.com