The Hindu Business Line : Have a blast this year, not literally!!!

We finally got the Christmas gift we hoped for last week. Didn’t we? Sridevi now hoped for the January effect to take centre stage. She was giving final and deft touches to the New Year’s Eve party, when her cell beeped. Everybody was waiting at the chat room. Khan, Dakshinamoorthy and Jogin had left all hopes. But for the cell!

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Sri: Sorry guys forgot about mkt chat.

Kay: Guess, you finally grew the money making habit Sri…

Jog: We have waited over 30 mins …bet ur excuse is gud

Sri: The 2008 welcome party got me in a bit of spot

Dax: We hope it’s a party at markets too

Kay: So wat’s the news?

Jog: Commodity cos picking up…rice, sugar

Sri: Ya, some kind of positive action seen in rice stocks

Dax: KRBL, Satnam Overseas and LT Overseas all up

Kay: Lemme check. All gained significantly last week.

Jog: Sugah is even chweeter. All promoters hiking stakes

Sri: So the sector isn’t in a bad shape after all

Kay: I have Dwarikesh, Balrampur and EID Parry

in my portfolio!

Dax: Many be Q4 results expectations

Jog: Too early to influence trading in

the week ahead, don’t u think?

Sri: My feeling is metals are also hot now

Kay: Rising prices of international copper prices

may have +ve effect on stocks

Dax: Such as Hindalco and Sterlite…

Kay: Size will matter in the week…large caps all the way

Jog: Oil mktng cos such as HPCL, BPCL,

IOC etc can benefit from

Dax: The petrol price hike likely in the first week of Jan

Sri: Any idea when Reliance Power IPO is coming

Jog: Nope but Reliance pack could swing back in action

Dax: Heard that biggies scouting for acquisitions

in logistics sector

Kay: Likely targets…GDL is it, or Sical?

Sri: Any news from Pakisstan..

Jog: Equity mkts in South Asia cud go for a toss

Kay: The Indian market ended flat on Friday

but for how long

Dax: Looks Mushi might call off the election

at Uncle Sam’s behest

Sri: This oil price is too getting an excuse to climb up.

Dax: Plus you have US govt data showed US crude oil stockpiles falling

Kay: I wanna buy some IT stocks, Is Wipro okay?

Jog: Heard it was trying to buy Capgemini

Sri: Rumours linked Infy too. So ?

Dax: Can go for hardware cos. No US fears there

Kay: Anybody knows why Morgan Stanley

sold shares this past week

Sri: Needs money or that FII year end thing.

China is helping it revive

Jog: Ya, all these sovereign wealth funds bailing US banks

Kay: With all that money, they can come

to India too. 45 per cent return

Sri: Indian market doubles in value in 2007 too.

Great pitch to play

Dax: Looks like blast then if Sensex goes 24,000 in 2008

Jog: Sure hope so. But first, wait for Q4 numbers

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Kum with inputs from Lok, Sri and Lee

Blog at http://MarketChat.blogspot.com