Speaking to CNBC-TV18 Madhu Kela, Chief Investment Strategist, Reliance Capital said that pain from demonetisation is coming down. Queues are coming down in banks, he said, adding that he sees the situation getting stabilised by January end.
In case, for any reason the market corrects 10 percent from its peak to the level of around 8000, it would be a big buying opportunity, especially for all those who missed the rally, said Madhu Kela, Chief Investment Strategist, Reliance Capital .
Kela says there are concerns in the market that the government may re-introduce long term capital gains on profits from equity investments. If that happens, it would be "disastrous" for the market in the short term
Sadhguru Jaggi Vasudev was quizzed by top market men and in a conversation with Madhusudan Kela, Chief Investment Strategist, Reliance Capital he discussed the differences between spirituality and religion and how one can achieve spirituality while remaining religious.
Futures on the Nasdaq, S&P and Dow indexes were halted briefly before the market opened after hitting a circuit breaker, a step taken by exchanges to reduce volatility and give investors time to assess information.
The FOMC indicated after its March meeting that a rate hike in April was unlikely. The US central bank has kept its key funds rate anchored near zero since late 2008, amid the financial crisis.
The US economy does not need a third round of stimulus but could convulse if lawmakers fail to raise the nation's debt ceiling, the chief investment strategist at the largest US discount brokerage operator said on Wednesday.