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

To: ratan lal who wrote (3075)	10/21/1998 9:41:00 AM
From: Mohan Marette	Respond to of 12475

Now here is a buying opportunity if I ever saw one. Ratan: Yes I know of Prof.Ravi Batra,matter of fact he lives not too far from me,don't agree with him though. Now check this out: ===================== Reliance Industries stock dips below Rs 100 at the National Stock Exchange on selling pressure Our Markets Bureau in Mumbai Darling of Indian investors, Reliance Industries, Tuesday dipped below the Rs 100 mark during the intra-day trading at the NSE (National Stock Exchange) following selling pressure both from the foreign funds and punters alike. At the BSE (Bombay Stock Exchange), the stock touched a new 52-week low of Rs 100 and later it closed marginally higher at Rs 100.90 while at the NSE, the stock dipped to the day's low of Rs 99.60 and later closed higher at Rs 101.30. business-standard.com

To: ratan lal who wrote (3075)	10/24/1998 9:04:00 AM
From: Mohan Marette	Read Replies (1) \| Respond to of 12475

India: What Recession?? Ratan: Every time I call my younger brother in Gujrat the conversation always ends in a discussion of the Indian Economy and things of that nature.My bro having couple of degrees in economics keeps telling me: 'oh yeah, I think we are going through a recession', I would say something like: 'What recession? As far as I know the classical definition of a recession is when a country's GDP contracts in two consecutive quarters and all the data I see tells the Indian economy is growing at 5-6% annually of late,so what are you talking about?' Then he would go on telling me Gujrat being and industrial state and all he could see the signs of weakness in the economy such as lay-offs,closed shops etc etc,quite unlike Kerala where is hardly any industry. Well obviously there is some shift in economic activity taking place in India either due to the current economic turmoil in S.E.Asia and around the world or I don't know what,but anyway here is an interesting article that deals with this subject. BTW how are we doing in the investment front lately? Are you in or out? india-today.com