After the boom, the bust. The Indian stock markets were soaring like there was no tomorrow. Then came the sudden global jitters and FIIs pulled out funds from the Indian market, leading to a whopping 542-point crash for the Sensex on Friday, July 27. However, July 30 saw the Sensex shed its Friday blues and closed a modest 26 points up.
So where is the stock market going? Will they rise further? Or will they crash again? What should a small investor do in such a scenario? Should he hold on to his stocks or sell them? Should he buy stocks now or stay away from the market?
In an hour-long chat on rediff.com on Tuesday, market expert Madhusudan Sarda answered readers' queries. Here is the transcript:
Madhusudan Sarda says, Friends This is Madhusudan Sarda, Director Research, Mehta Equities Ltd. I welcome you all for an Investor chat hosted by Rediff. This Investor Chat is from 4 to 5 pm. Kindly note that due to the time constraints indicated by the Host, not all questions might be answered. For unanswered or further questions you might look forward for any upcoming Investor chat session. Also please note that we as a firm or our clients might hold positions or advice in the stocks that we discuss. Please take a Buy or Sell position only after analyzing at your end and taking professional advice.
Real asked, Can you predict Sensex figures for next week?
Madhusudan Sarda answers, at 2007-08-14 16:02:23markets are volatile , investors are advice to be Cautious , markets are bearish
Real asked, How should IT stocks do in future?
Madhusudan Sarda answers, Future of the top line IT stocks are good, similarly many mid Cap IT r also gud, however rupee apreciating issue is effecting the stock price of the company
der asked, Would it be worng to enter the market now?
Madhusudan Sarda answers, you can not time the market, what matters is,at what level you enter the scrip
abadhya asked, your view on Nagarjun Fertiliazer
Madhusudan Sarda answers, Due to good monsoon Fertilizer sales r expected to improve. the company is also planning to switch from Naphta to gas for its production, whereby reducing the cost
gauravbe asked, Should I Buy ABB or L&T or BHEL?
Madhusudan Sarda answers, All r top line stocks , u can invest in then with a long term propects and enjoy huge returns
sandkoth asked, can one buy RCOM and reliance industries at current levels
Madhusudan Sarda answers, RCOM will be the first operator to monetise tower assets via a strategic investment by private equity players/tower operators. The company acquired its FLAG undersea fibre optic unit in 2004 and is well positioned to benefit from the global re-rating of fibre following the listing of FLAG on London's
ms asked, Is Bharti Walmart retail .. listed ?
Madhusudan Sarda answers, no
ambadas asked, I want to invest 5oK for long term , suggest stocks, specifically.
Madhusudan Sarda answers, You can invest in top line stocks like L&T , Bhel , NTPC
rashidubey asked, ur view pls abt Gateway Distriparks
Madhusudan Sarda answers, it is a very long term bet, u have to be patient to enjoy the returns
ms asked, whats your take on Punjab National Bank ? It is at hte same levels for a year now . Is it the right time to enter ?
Madhusudan Sarda answers, it
