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Strategies & Market Trends : India Coffee House -- Ignore unavailable to you. Want to Upgrade?

To: Nandu who wrote (8057)	10/11/1999 9:16:00 AM
From: Mohan Marette	Respond to of 12475

Nandu,we can certainly debate the issue to suit whatever point of view we subscribe to, I subscribe to the theory that many (not all) Indian companies are quite undervalued compared to their peers in India and elsewhere,high interest rate notwithstanding. I believe two of the reasons why some companies in India are trading well below their potential is because of the archaic security laws and the narrow breadth of the market.

To: Nandu who wrote (8057)	10/11/1999 7:26:00 PM
From: Mohan Marette	Read Replies (1) \| Respond to of 12475

Mumbai Diary/Sensex closes above 5,000 as scramble for shares continues Nandu: Looking good so far. ======================= THE rally in stock markets has gained considerable strength with the return of retail investors in a big way. Foreign investors and major operators made further sizable purchases on Monday, pushing the Sensex to close above the 5,000 mark for the first time. Although there was some profit-taking towards the close of the session, the undertone was distinctly bullish. (ET)