Anagram's Daily Call19/06/2008
VIEW POINT: NUCLEAR DEAL DISAPPOINTMENT
While the rest of the Asia did well, our markets plunged Wednesday and closed at the day's lowest levels, indicating domestic weakness. The postponement of the meeting with the Left did the markets in. However, the Nuclear deal is still on the table if Madam listens to Man and picks up the cudgel to put Left in place.
The markets should open lower keeping in line with the global sentiment, which is bad after Fed-Ex not only reported its first loss in 11 years, it also pruned it's earnings estimate for the next year. But the Ranbaxy-Pfizer out of court settlement could make the drug maker zoom bringing some solace to an otherwise dreary market. It could also pump life in to other battle scarred veterans like Dr Reddy, who may be tempted to lay the gun.
Anagrams Daily Call 19062008.pdf
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