News flow to bring back excitement in mkt

Excerpts from Bazaar on CNBC-TV18 Watch the full show » ALSO READ See what other CNBC-TV18 anchors have to say Nifty BSE | NSE 10/02/12 Are Mutual Funds betting on Nifty?

Hoping this week turns out to be more exciting for the stock market than last week because of a low benchmark, CNBC-TV18's Managing Editor Udayan Mukherjee said, "Since the last five days we have been through a really quiet phase in the market-the Nifty just about limped up 1% over five sessions of trade, low on volatility as well as on volumes. This week as we start off the news flow is a bit higher so we are seeing more macro news flow in the system so hopefully it will be a bit more exciting."

Here is a verbatim transcript of Udayan Mukherjee's comments on CNBC-TV18. Also watch the accompanying video.

Q: The only upside is that it was sluggish but it was okay for us-it was not too bad by way of a market performance?

A: That is right. It was flat, it was not down and one hopes that we can move from flat to up now because any way we need 100-150 points more on the Nifty to get to a January highs. But as I said there is a little bit more by way of news flow now. Inflation numbers today, advance tax numbers floating around in the system. So the market needs a little bit of a prop right now-a reason to move up or down. Flows by itself don't seem enough to notch the market in either direction which is probably the reason why we are not seeing any major move. So if the technicals are not supportive for a major move you probably need to just bank of news flow a little bit and we may have a bit more by way of news flow for the secondary market. Also some of the large issuances have come to an end so even the money supply will hopefully be a bit better.