The Hindu Business Line : Is the <I>bhai</I>-fight a show business as the market bleeds?

When god-men have no answers, it seems gods may hold the key, thought Khan reading about Anil's appointment with Balaji. Elsewhere, Sridevi was starting the weekly chat with Dakshinamoorthy and Jogin. Join their prayers... for Sensex!

Sri: Bhai sahib, will raksha work in this crisis? Technicals

and fundas are out!

Kay: I'm worried about what Reliance holds big in several

companies. :-|

Jog: List includes Emco, TV18, and Megasoft. I see

weakness in these.

Dax: Why worry about Ambanis? Any selling could

be temporary. It will be absorbed by FIIs who are sitting

on a pile of cash to be used

before Dec end.

Jog: Corporate

communication boss is

in trouble not knowing bhai X

from Y!

Sri: Heard they're gunning

for a financial journalist,

like Jog. :-) Any astrologer too

in the game?!

Kay: Good. Get back to

business, everybody!

Anybody watching BOC India?

Sri: It's going to set up oxygen plant in the South for

Jindal Vijaynagar. Has order from Inox Air.

Dax: Cipla is a stock to watch out. It bottomed out after

the fall since October this year.

Jog: IT stocks have run up very fast. However, rupee is

appreciating against US dollar. If this trend continues,

there can be some pressure on the IT sector.

Kay: Welspun Rohrel got a Rs 510-crore order from the

US! Good long-term investment. JMO.

Jog: Bull turn for textiles, I think. Bet on S.Kumars.

Counter active. Turnaround soon?

Sri: Watch Zee Telefilms. Supreme Court resumes

hearing on the cricket telecast rights this week.

Kay: Profit ahoy for SBI because of hike in home loan and

deposit rates!

Jog: Chart patterns point to near-term bullishness, though

key resistance levels beckon.

Dax: Not that I keep watching who gets into which

hospital for what, but plans to rope in a US-based

collaborator for medical BPO business might keep

sentiment positive in Apollo Hospitals. B+

Sri: Healthy revenue growth and lower losses likely to

reinforce turnaround story in India Cements.

Kay: Open offer at Rs 185 proposed by Sterlite group

for Malco. Gap with market price narrowing.

Dax: Hike in railway freight rate may have a temporary

dampening effect on cement stocks.

Kay: Also, steel and coal. See Siemens's investment plans.

Momentum in the horizon.

Sri: Markets may view expansion plans announced by

EID Parry positively. Dare!

Jog: I saw a Hindi movie where two bhais were fighting.

Couldn't figure out who was winning!

Kay: Don't forget, Jog, that boxing is show business with

blood! Take care, lots of it!

Dax: I'm afraid the market may bleed and the bhais may

come out unscathed at the end. :-(

* * * * *

Lee, with inputs from Vir, Nat, Bad, Ray, Mad and Sve.

Send in your views to: Chat@TheHindu.co.in.

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