Business Daily from THE HINDU group of publications
Monday, Apr 28, 2008
ePaper | Mobile/PDA Version | Audio
Business Daily from THE HINDU group of publications Monday, Apr 28, 2008 ePaper | Mobile/PDA Version | Audio |
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Markets
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Stock Markets Columns - Chat 29th April is when RBI will reveal its outlook on monetary situation. Will it let out any surprise, asked Sridevi. Dakshinamoorthy was looking more at the US Fed meet the next day. Clearly the markets will borrow sentiments from overseas. Plus, its May! Khan was unhappy with high crude prices and said that the market has been ignoring it for long. Jogin was the last to join in... * * * Jog: Wats ur point Khan? Kay: Stk mkt cannot ignore fuel prices. Dax: Okay. But do we ever pay attention? Kay: Infltn is up becoz of lst hike. Dax: And oil has gone up to $119 nw! Sri: Chuk it. U see Fed cut comin dis week? Dax: 25 bps. Cause for cheer, may be. Kay: Our earnings hsnt bin bad too. Gud wk ahead Sri: Is dis bear mkt? Or jst a temporary correctn? Kay: Upsides will be capped nw. Everbdy is scared! Sri: RBI meet. Unlikely dat mkts wil be excited Dax: Watch out for ICICI Bk tmrrw Sri: Yes. Results were good. Jaiprksh Assoc, Rcomm.. Jog: Will cum out. HUL, Rel Enrgy too dis week. Dax: The US 1st qtr GDP nos wil be crucial. Sri: Asian mkts linked to dem. Bad news xpctd? Kay: We r goin into May dis wk guys. Can be bad Dax: Yes, da the May effect. Sri: Is it why u r so bearish? Jog: To be a bear is fashion nw! Dax: Sooner or later mkts wll go dwn Jogin. Kay: This rally isn’t goin to last boss. Jog: Wat do u suggest den? Move into cash… Dax: No no. Play safe and expect less returns. Sri: Avoid midcaps. Falls are alwys deeper Jog: My tech frnd is absent today. Kay: No picks then??? So sad Jog: His boss has gud outlook on stks. Sri: Wat r those…which stks? Jog: Bullish on RelEnergy, Unitech Dax: Any sells? For shorting… Jog: She is neutral on Tata Steel. Sells r risky! Dax: Guess dats gud enuf. Will stay away dis wk Kay: Anyone for Maruti dis wk. Sri: May be, if Monday it falls more Jog: I am takin a short on chattin 4 nw. Bbye. * * * Kum with inputs from Bad and Lee Blog at http://MarketChat.blogspot.com More Stories on : Stock Markets | Chat
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