The Hindu Business Line : How much more, before we fall?

GDP numbers were good but inflation was bad. Is RBI getting into rate-hiking mode? If inflation breaches 8.5 per cent, Khan was sure Mr. Reddy would be tempted to do so. Jogin shared same views. On how things haven’t become any cheaper in the last few weeks, so inflation could go up. As if that was not enough, Sridevi has oil on her brain. They have to hike fuel prices – there’s no way out. Her oil marketing company stocks have bled enough was her argument. So, here we have a consensus amongst participants in many weeks, is it? Wait, Dakshinamoorthy is left! He asks whether the market is smarter than us. May be Market Chat will throw some ‘colour’…

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Jog: State-run oil firms hiked aviation fuel prices

Sri: Bad for airline stks. Fuel’s costly. Air-travel will too

Dax: Lots of bad news will cum. U lukd at infltn nos?

Kay: Its like GDP growth numbers. Very high – 8.1%!

Sri: Any effct on mkt frm cntrl sales tax cut frm Jun 1?

Dax: Already announced. Discounted am sure abt dat.

Jog: Tech piks for Monday. Sell: Glenmrk, Hero Hnda

Sri: Buys? No buys? Tell me

Jog: Hindtsn Constrctn and Divis are buys

Kay: Good lord, Divis! Isnt it at premium already?

Dax: Richly valued bt gud biz (Disclaimr:I own the stk)

Kay: That explains!

Dax: Hey oil price hike soon. Bt will commies let?

Sri: Dus karor ka sawaal! I think dey shd. My OMCs

Jog: Who will pay more for petrol? I wont for sure

Dax: Despite that Bajaj Auto reports higher sales nos!

Sri: For May?

Jog: Yes. Sales up 4% y-o-y.

Kay: Also plans to launch its first of its 125-cc in Sept

Dax: Wats the da actn frm FIIs? Selling as usual?

Sri: Sold sm bn dollrs of stks sold in past week

Kay: That’s wat they do. Book prfits. We shd do da same

Dax: Hey invstd in Niraj IPO. Wen Anu’s Lab 2 b listd?

Sri: Soon enuff, I guess. Gokuls listng on Wednsday

Jog: Anybdy had Zandu in der portfolio? I wish I hd

Kay: We didn’t! Plus, whos Emami anyway?

Dax: Personal care player. Sm herbs up der sleeves nw!

Jog: I cn tell one stk dats sure goin up on Monday.

Kay: Wat Sterlite? Everbdy knows Jog.

Jog: Yes. Bt I m cnfsd. Wats da funda? Govt rules, dat is

Dax: Why wat hppnd nw?

Sri: Govt withdrew duty drwbk-iron,

steel, cement n rice

Kay: Oh that’s really bad! All inflation steps.

Jog: Leave those. Hw ds realty luk? Infra also

Dax: Leave realty. Punj and L&T are my bets

Jog: Wat abt Adlabs in media? Rslts came, still @616

Sri: I hrd a tech analyst say adlabs hs spprt at 600

Jog: So? I shd buy, right? Or wait?

Sri: Ur wish. Sm intrsting results nxt week too.

Dax: PVR, Page Inds, Mcleod Russell, Engineers India

Jog: Hmmmm. Any news on Rcomm-MTN?

Sri: Cud actually trn out well. Anil is ambitious too!

Kay: Any crucial data this week?

Jog: Institute of Supply Mgmt data on factory order

Dax: From the US?

Sri: Yes. Also watch out monthly report on labour mkt

Jog: These could set the trend for global markets

Dax: Any thing on domestic front?

Sri: Cement cos to announce monthly despatch figures

Dax: Ummm…true Any feel on Sensex@Monday?

Kay: Opening to depend on Asia. Fall, likely! (logs off)

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Kum with inputs from Bad and Lee

Blog at http://MarketChat.blogspot.com