The Hindu Business Line : RBI or politics: Which will blink first?

Mayawati has withdrawn her support to UPA. Does that mean Left is going to do the same, thought Jogin. In the fight for oil or nuke, nuke deal will win, suggests Khan nonchalantly. Dakshinamoorthy was waiting for RBI to act and it surely does when its least expected. Sridevi, the eternal bull, was hoping the bottom is near. Cn Sensex can handle some more pain? Tune into Market Chat

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Jog: Are we going to vote this year?

Sri: Depends on wat the left and congress do

Dax: 4 and half yrs. Bad for economy

Kay: As if its doin gr8! Chips n stks r down

Jog: Any snse on june qtr results?

Dax: Shd be well. Telcom, IT, cap guds…

Jog: Sugar is expctd to do well in future. Prices gud.

Sri: Dwarikesh? Small cos. Lets c.

Jog: Shd we read more into HDFC Bk’s intrst hike?

Kay: Of course. Its pre-emptive move. RBI is on

Dax: On? Hiking mode? RBI meet on Jul 29.

Kay: Dey hit wen its least expctd. Finmin is also ready

Dax: Infltn is only goin 2 go highr on low base last yr

Sri: Sad. Even 6 mnths ago everthn was so

rosy. Wat hppnd?

Jog: Subprime, oil, FED, our P-notes and infltn: Poison

Dax: Der r so many bears in dalal st dat

WWF is worried!

Sri: Till dis commodts thing goes out, nthing s wrkin

Jog: Kuwait and Saudis will hike oil output. Its +ve sign.

Kay: We hv enuff oil. Smbdy kill

speculation hedge funds!

Dax: And also FIIs. Sold off $1.8 equities in June.

Sri: Why aint u guys buying? Buy wen everbdy sells

Kay: Buy Areva T&D. It hs support. Luks gud

to lot of ppl

Dax: Tech calls? Lets gt dem started.

Sri: My tek frnd sez Cipla is a sell on Mnday

Jog: Concor cn upto 850 frm 786. Buy. Decline over!

Kay: Anyone applyn for KSK IPO? I feel it’s a biggie

Dax: RPwer ws also a biggie but see wat hppnd.

Jog: KSK at least hs earnings. RPower ws all gas!

Kay: We will see. All IPOs jst barely getting sbscrbd.

Jog: Any shipping stk I cn sell?

Kay: GE Shipping hs revrsd. Sell sez tech analyst.

Sri: Jeddah oil meet news is here

Kay: Wat ds it say?

Sri: Lacks oil measures. To clamp dwn on oil futures

Dax: Dats gr8. Hope Snsx sees the development +vely

Jog: We hv gone bk to Jun’06 valuations nw.

Sri: Dat means we will go to 21k again.

Jog: Nt dat. Goin is getting tuff. Any F&O news?

Sri: Settlement dis week. Sentiment is weak, traders say

Dax: We r already at lows of 08. A rate hike

will tk us dwn

Jog: Any impact of Fed meet dis week? on 24th, right?

Sri: Yes. Xpctd to keep interest rates unchanged.

Kay: Only +ve hope is frm monsoon side.

Jog: Okay more prdctn will help douse infltn fire.

Kay: Wat r MFs doin nw?

Dax: MFs hav turned gud buyers. Hope dey continue

Sri: Dey bought Rs 2000 cr worth stks in June.

Dax: Monday opening, then?

Kay: Down, sure. And everbdy loses (logs off)

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Kum with inputs from Yog, Bad, Sub and Lee

Blog at http://MarketChat.blogspot.com