[04:29:01 PM] => Myiris: Welcome to the Live Chat session : Mr Jigar Shah will be joining us very shortly

[04:30:17 PM] => DISCLAIMER

[04:31:02 PM] => Mr. Jigar Shah is the Head of Research at K.R.Chocksey Shares & Securities Private Ltd. At the time of this conversation / chat, Mr. Jigar may or may not have positions in the stocks mentioned below , although holdings may change at any time. Views expressed here are individual and not necessarily of an organization. Investors are advised to exercise their due diligence on all aspects presented here and otherwise.

[04:31:45 PM] => The views expressed by Mr. Jigar Shah is based upon information that he considers reliable, but does not represent that it is accurate or complete, and it should not be relied upon as such. Mr. Jigar Shah, his company and its affiliates, officers, directors, partners, and employees may, from time to time, have long or short positions in, buy or sell and deal as principal in the securities, or derivatives thereof, of companies mentioned herein and may take positions inconsistent with the views expressed. None of the information contained herein constitutes, or is intended to constitute a recommendation of any particular security or trading strategy or a determination that any security or trading strategy is suitable for any specific person. To the extent any of the information contained herein may be deemed to be investment advice, such information is impersonal and not tailored to the investment needs of any specific person. You should consult with and rely upon your own advisors whether and how to use such information in making any investment decision.

[04:32:39 PM] => Lastly the views expressed by Mr. Jigar Shah have no bearing whatsoever with that of IRIS Ltd. IRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IRIS especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website www.myiris.com.

[04:41:49 PM] => Myiris : Let's begin the session friends, Mr Shah is with us : Welcome to the chat session Mr Jigar Shah
[04:42:32 PM] => JS : Ya, thank you, let's start

[04:43:03 PM] => Vipulvora: How do you see economic slowdown? until what period do you expect it to recover?
[04:44:03 PM] => JS: I see the economic slowdown to continue till the current fiscal. Recovery would be seen only when the industrial investment and credit pick up become evident.

[04:44:29 PM] => Bmehta999: What growth fig for 02 for software?
[04:45:05 PM] => JS: It could be slightly lower than the forecast rate of 35 to 40 per cent.

[04:45:34 PM] => Supreetm: What are the good counters to invest for short time?
[04:46:15 PM] => JS: Select Pharma and Petroleum stocks. You can find specific ideas by registering on our website.

[04:46:38 PM] => Shahupen: THIS IS A TIME FOR A TECH. SHARES BUYING ?
[04:47:22 PM] => JS: No, the scene is quite uncertain, though the valuations are quite low.

[04:48:00 PM] => Jagdeepl: Should I invest in L&T and Satyam at this stage?
[04:48:49 PM] => JS: In L&T, you can take a chance at every decline.

[04:49:11 PM] => Ragh56: Do u think the equity inflows will go down after the US attacks?
[04:49:36 PM] => JS: Yes, for a temporary period, this seems likely.

[04:49:53 PM] => Nasdavg: Is it a good time to invest in technology stocks?
[04:50:33 PM] => JS: No.

[04:51:08 PM] => Amitsinha: Sir,after the blast in the US what do you think the Indian economy will go?
[04:51:42 PM] => JS: The Indian economy is relatively less co-related to the US for its own growth than many other economies of the world. It will continue to grow between 5.3 to 5.5 per cent in this year.

[04:52:38 PM] => Jajoo: Earlier I was expecting the market to stabilize at 2750 - 80 range . I was expecting this in the first week of October but now 2130 is a very high possibility. Your comments AND WHY do U feel so?
[04:53:12 PM] => JS: The market has a strong support at 2702.

[04:54:01 PM] => Scorpiam: Where do you think the world economy will head after the US blast?
[04:54:43 PM] => JS: It is yet premature to say anything on this, as exact implications are being worked out.

[04:55:23 PM] => Jaan: Your views on the FMCG sector - impact of good monsoon - Can you sugest the top three picks stating the key growth parameter for each?
[04:56:22 PM] => JS: I do not think any major growth will materialize even after a good monsoon. It requires just more than a good monsoon for the growth to re-emerge in FMCG. Good investment potential lies in SmithKline Pharma, Britannia and Nestle as and when things improve for their respective product segments and a recovery in the overall economy.

[04:57:27 PM] => Blanche: Why should the terrorist strike in the US actually affect us. (So what if we r global) secondly a $ 20 bln spend by the US on defence and rebuilding may just kick start the economy - a contrarian view don't you think ?
[04:59:45 PM] => JS: You must not forget that Investor Psyche also plays a major role in the market activity and hence we cannot say that we are totally unaffected. Also, fund flows too depend on the investor behaviour and thinking. This gets hampered. We will get less impacted but cannot totally escape.

[05:01:43 PM] => Pooja: The Indian stock market was already down and after this attack it's only going southwards.What's your prediction on the sensex in the coming days to come
[05:02:30 PM] => JS: Sensex prediction today is like predicting the outcome of expected war !

[05:03:25 PM] => Zohair : Can you suggest your top 3 shares to buy in this market?
[05:04:16 PM] => JS : Though one must resist the temptation to buy in uncertainties my picks would be Cadila Health, Glenmark Pharma and Reliance Petroleum.

[05:04:44 PM] => Zohair : Do you think that there will be a further decrease in interest rates? Any good companies worth buying which offer good dividend yield?
[05:05:02 PM] => JS : Novartis and Sundram Fastener.

[05:05:40 PM] => Dharma : Which would be the favourite industries to take risk as of now so as to generate higher yields....looking 5 months scenario...?
[05:06:13 PM] => JS : Pharma.(Domestic primarily)

[05:07:05 PM] => zohair : How long do you think it will take for the US to recover from this crisis. Do you feel the US is heading for a recission? How badly and which industries will this affect the most?
[05:07:41 PM] => JS : It is difficult to exactly forecast the US recovery. The industries affected include financial services, insurance mainly .

[05:08:31 PM] => Zohair : Which Industries should one concentrate on? Do you think the tech charm is gone or will tech shares also bounce back?
[05:09:23 PM] => JS : Tech shares can bounce back as in terms of their fundamentals their values are pathetic. However, it might take more time. The industries to be concentrated are Pharma-Domestic, Power and Cement.

[05:10:30 PM] => Zohair : Where do you think will the senxex bottom out? Do you think this is a good time to accumulate good shares?
[05:11:17 PM] => JS : Sensex has a strong support at 2700. It is good time provided you have a long term view and are able to have money to buy at any further possible fall.

[05:12:04 PM] => Ramesh : I have taken 2 infosys in Rs. 6000/- but the value is less than half. What cant I do? And also I have taken 100 reliance petro Rs. 30.50. Is it safe for long term. Kindly advice
[05:13:18 PM] => JS : Infy is an excellent company and would bounce back. Right now all external factors for Infy are not good so, it will take time. You must hold. Reliance Petro has very strong fundamentals and it is quite safe.

[05:13:59 PM] => battingo : KRC research team is very good. What is your view on small cap stocks like Zicom and Jupiter Biosciences?
[05:14:27 PM] => JS : thanks for the compliments. I have no view on Zicom or Jupiter.

[05:15:08 PM] => Sandy : What do you think will be the effect of the attack on US in the markets?
[05:16:01 PM] => JS : The effect is already seen in stock prices which have fallen more than 10% in two days. However, economic impact may not be so severe.

[05:17:25 PM] => Shankar: How do you see the Infosys scrip in the coming month?
[05:18:21 PM] => JS : It could be under some pressure, purely on deteriorating market sentiments.

[05:19:08 PM] => Sachid : Since, US is the major trading partner of India, you don't find any strong correlation, between US attack and Indian further slow down?
[05:19:45 PM] => JS: Some areas like Gems & Jewellery etc. could get affected for some time period. We do not have a major dependence on them for anything except software.

[05:20:37 PM] => Sachid: Is any Indian cement firm is exporting, cement to USA at present?
[05:21:24 PM] => JS: No,not in my knowledge.

[05:22:12 PM] => S mukherji : Do you think that the recent measures taken by the GoI, will be effective to rev the econ outfrom the doldrums, specially after the US attack?
[05:23:03 PM] => JS: Can't say. The impact of GOI measures is yet to be seen in actual numbers. These are two de-linked issues and one must see them separately.

[05:23:29 PM] => Tinesh: Is it right time to invest or to wait for few more days for long term ?
[05:24:05 PM] => JS: It is subjective. However, in my view one must wait for some more time and then take actions if one is a very small investor.

[05:24:49 PM] => Dharma : which would be the favorite industry to take risk as of now so as to generate higher yields....looking 5 months scenario...?
[05:25:30 PM] => JS : Pharma- Domestic.

[05:25:52 PM] => purushenders: Whirlpool, does it look good? and RPL?
[05:26:28 PM] => JS : RPL looks quite good.

[05:27:19 PM] => Sachid : What is your opinion about the vacuum that has been created
[05:28:14 PM] => is evident to come) due to huge loss of Human Resources (mainly in Banking, Finance, Insurance business)after the US Attack? Do u think it will create global vacuum also?
[05:28:45 PM] => JS: No.

[05:29:07 PM] => Jimmy : Suggest good scrips for investments?
[05:30:03 PM] => JS: For strictly conservative long term investment one can look at Cadila Health, Glenmark, Reliance Petroleum, Blue Dart at current levels and declines.

[05:30:50 PM] => Blanched: you did not answer my question do you feel that a $ 20 - 60 bln spend by the US is sufficient to kick start their economy ( the money is being spent on defense and infrastructure I presume)
[05:31:21 PM] => JS: It will only revive their economy not ours. Also, when you have to spend out of compulsion, it is not always doing development. Yet, it will make some positive impact on their growth in the medium to long run.

[05:31:57 PM] => ateet gupta: What is the future of telecom shares like global tele,Hughes tele and hfcl.
[05:32:36 PM] => JS: The future of Hughes is shaping out well.

[05:33:09 PM] => Investor: dear sir,the market being low which I think has already hit the lowest in the recent times so it the time for picking few valuable stocks and if then which one according to you?
[05:34:08 PM] => JS : Stocks that can be accumulated with a very conservative and disciplined outlook could be Cadila Health, Glenmark, Blue Dart, Reliance Petroleum, ACC.

[05:34:52 PM] => Ravindra s : What are the chances of reviving market sentiments
[05:35:11 PM] => JS: Right now, less. Can't quantify.

[05:38:18 PM] => Sameer: Are we at the bottom?
[05:38:31 PM] => JS: Not quite.

[05:42:16 PM] => No name: If I was looking at a 3 month horizon would be it best if I buy a 3 month index call option or should I buy a 3 month stock option (any stock say reliance, mtnl, infy etc...)
[05:43:14 PM] => JS: A stock option would be better but not from the stocks you suggested.

[05:43:44 PM] => jayant : do you suggest a buy at Rs 28 on this script(RPL)
[05:44:14 PM] => JS : Yes, it appears very low.

[05:44:40 PM] => Jayant : what aboubt HLL
[05:45:04 PM] => JS : HLL is very defensive stock . This year is not too good one for the company's topline growth. One can look at it on declines from present levels.

[05:47:23 PM] => Tushar patil : Will oil prices reach gulf war levels and what will be the impact on the stock markets if they do?
[05:47:54 PM] => JS : Saudi has just announced that it will ensure the oil supplies in any eventuality. Any more guesses on this at present could be hazardous.