Published on Wed, Dec 13, 2006 at 12:31 | Source : Moneycontrol.com
Updated at Wed, Dec 13, 2006 at 16:20
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Retail, HNI investors plan to start afresh
There has been a lot of pain in the markets over the last few days - not just in Mumbai and Delhi but across the country. A glimpse into retail and HNI investors dealing with this pain and what margin and selling issues they are they facing
There has been a lot of pain in the markets over the last few days - not just in Mumbai and Delhi but across the country. How are retail and HNI investors dealing with this pain and what kind of margin issues and selling issues in terms of de-leveraging are they facing? Three stock dealers from three very important trading centers of the country, Samir Chag of Elegant Equity, Balaji Rao of Karvy Stock Broking and Malay Shah of Unicon Investments give their views.
Samir Chag says that there aren't much issues of margin shortage and leverage problems but people are concerned about the future of the market. Chag further adds, "This time around, people were aware that correction would come and when the market reached up to 13,700 November end, we warned our HNI and clients to sit on cash and expect a correction."
Malay Shah also expresses a similar view that people have been waiting for this kind of correction and feels that they have already started booking their profits in the market. He says, "I think that the people who have been in leverage positions might be in little bit of trouble but I think that most people are out of the system and waiting for correction, and will now start fresh buying."
Balaji Rao says that all brokers including investors and HNI retail are quite cautious, so it is not a very bad situation. But he warns that the entire fall is still not over. He says, "We expect a little more fall in the market, so we are tightening the screws on the margins. So we have been bit cautious overall."
Samir Chag says that there aren't much issues of margin shortage and leverage problems but people are concerned about the future of the market. Chag further adds, "This time around, people were aware that correction would come and when the market reached up to 13,700 November end, we warned our HNI and clients to sit on cash and expect a correction."
