A lot of middlemen will soon be looking for work
Ramesh S Damani feels that the number of active BSE and NSE brokers coming down, and the regionsl ones coming under severe pressure.
Mr Ramesh Damani (Wed Nov 15 19100 4:46 IST)
Hello everyone thanks for joining in lets start
Rajeev K Arora (Wed Nov 15 19100 0:18 IST)
What is the future of share makter of Infotech companies in India as well as in USA?
Mr Ramesh Damani (Wed Nov 15 19100 4:48 IST)
Rajeev - good companies will have a bright future.
Dalmia (Wed Nov 15 19100 0:18 IST)
I want to know how the market looks? How about software shares?
Mr Ramesh Damani (Wed Nov 15 19100 4:49 IST)
Dalmia - market has been sluggish. But I think it will rise. The worst seems to be behind us.
Prashant (Wed Nov 15 19100 4:35 IST)
Who will lead the e-commerce market in India by 2004?
Mr Ramesh Damani (Wed Nov 15 19100 4:49 IST)
Prashant - hard to say in terms of transactions. My guess is a B2B exchange. If e-commerce grows though courier companies will win.
Sangeetha (Wed Nov 15 19100 4:37 IST)
I would like to know wether the Sensex is likely to touch its previous bottom or is it likely to make a new bottom? What is the short to medium term outlook for the market?
Mr Ramesh Damani (Wed Nov 15 19100 4:50 IST)
Sangeetha - 3495 the last major bottom should hold. I expect the outlook to be better over the next 3 months.
devda (Wed Nov 15 19100 3:16 IST)
Do you think Sterlite Optical and Aksh Optifibre to be good buys at the current price? Please tell us about the future of Optical Fibre industry.
Mr Ramesh Damani(Wed Nov 15 19100 4:53 IST)
Dveda - They have had a large run up. They are commodity business in great demand. We don't have a major tech company in the optical space.
deepak (Wed Nov 15 19100 3:49 IST)
Sir, I have invested in low price stocks such as ITC Bhadra, Zenith Info and Usha Beltron at current levels. Are these good stocks?
Mr Ramesh Damani(Wed Nov 15 19100 4:53 IST)
Deepak - the stocks are passable. Not the best but OK
hidakhan (Wed Nov 15 19100 4:53 IST)
Why are infotech stocks on the rise in the markets?
Mr Ramesh Damani(Wed Nov 15 19100 4:55 IST)
hidakhan - IT stocks are the leaders. If the market is to go up it must be on the back of these leaders.
hidakhan (Wed Nov 15 19100 4:54 IST)
Are there any good commodity stocks that one can buy? Is it a good to buy them?
Mr Ramesh Damani(Wed Nov 15 19100 4:55 IST)
all- take a trading punt at ACC
caesar (Wed Nov 15 19100 4:36 IST)
What are the prospects of Tata Infomedia, it is at a 52 week low
Mr Ramesh Damani(Wed Nov 15 19100 4:56 IST)
caesar - Tata Infomedia has not participated. Major disappointment. Hold it though.
nagasreenu (Wed Nov 15 19100 4:44 IST)
Hi, I want to know about the ITI , Silverline
Mr Ramesh Damani(Wed Nov 15 19100 4:57 IST)
nagas - ITI looks a good value especially if disinvested.
rohitg (Wed Nov 15 19100 4:57 IST)
What is your view on interest rates? Will they stay at the same levels?
Mr Ramesh Damani (Wed Nov 15 19100 4:58 IST)
rohit - Severe fiscal pressure means that interest rates are unlikley to go down
sachin (Wed Nov 15 19100 2:56 IST)
Hello sir I am a new person to stocks i am interested in this business, tell me the initial steps as to how one be buy and sell stocks.
Mr Ramesh Damani (Wed Nov 15 19100 4:58 IST)
sachin - Start by following a company. Watch the price movement.
rohitg (Wed Nov 15 19100 4:59 IST)
Will they rise?
Mr Ramesh Damani (Wed Nov 15 19100 4:59 IST)
rohitg- Not at the current time
caesar (Wed Nov 15 19100 5:00 IST)
Orient Infotech and Kale have been my foolish mistakes. I bought orient at Rs 179 and Kale at Rs 112. Will i recover my money. Should I hold on to kale.
Mr Ramesh Damani (Wed Nov 15 19100 5:02 IST)
caesar - I would hold Kale. I don't know enough about Orient.
aman (Wed Nov 15 19100 5:01 IST)
Which are the 5 best stocks to buy now Mr Damani?
Mr Ramesh Damani (Wed Nov 15 19100 5:03 IST)
aman - let's avoid best picks. I feel Infosys, MTNL, ACC and ITC will tend to perform well in the last quarter.
saloni (Wed Nov 15 19100 5:02 IST)
Is Global Tele a good buy at current price?
Mr Ramesh Damani (Wed Nov 15 19100 5:04 IST)
saloni - I would avoid Global Tele
aman (Wed Nov 15 19100 5:04 IST)
thanks sir :-)
Mr Ramesh Damani (Wed Nov 15 19100 5:05 IST)
aman - Welcome
caesar (Wed Nov 15 19100 5:05 IST)
Why are Bhartiya International and Ajanta Pharma neglected, they have shown excellent results.
Mr Ramesh Damani (Wed Nov 15 19100 5:06 IST)
caesar - B group stocks tend to do poorly in this kind of market
sameer (Wed Nov 15 19100 5:05 IST)
Do you think the stock exchanges are threatened and in a few years we may trade on virtual exchanges? What can happen then?
Mr Ramesh Damani (Wed Nov 15 19100 5:06 IST)
sameer - sure could. A lot of middleman are going to be looking for work
lolo (Wed Nov 15 19100 5:09 IST)
Good evening sir. What is the chance of this rally going up 200 points further?
Mr Ramesh Damani (Wed Nov 15 19100 5:10 IST)
lolo = I am bullish. I think we could even touch 4500
sameer (Wed Nov 15 19100 5:8 IST)
Do you see the number of active brokers reducing on BSE and NSE in the next few years? What will be the fate of the regional brokers?
Mr Ramesh Damani (Wed Nov 15 19100 5:10 IST)
sameer - Yes, to about 150. Others including the regional ones will face a hard time.
bullish (Wed Nov 15 19100 5:10 IST)
Has the Nasdaq started following BSE these days? On Monday it fell after BSE and on Tuesday it went up after BSE again?
Mr Ramesh Damani (Wed Nov 15 19100 5:13 IST)
bullish - It seems like that but it is a spurios correlation. No one knows the Sensex values in USA.
rathi (Wed Nov 15 19100 5:19 IST)
Do you see a pre-budget rally now?
Mr Ramesh Damani (Wed Nov 15 19100 5:21 IST)
rathi - Its too early for a pre-budget rally. But a good rally to close out the year, yes.
Mr Ramesh Damani (Wed Nov 15 19100 5:21 IST)
Thanks for joining in. See you next week.
Money
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