The industry’s call for support appears to be a throat-clearing exercise, rather than a desperate plea for help
Experts say that the volatility is likely to continue and gold could trade in the Rs 41,100-43,000 range.
Any weakness in the stock triggers margin calls and if promoters are unable to meet them, it triggers off a vicious cycle of falling prices prompting more selling
Inability of the market operators to meet the margin calls would have prompted the lenders to dump the stock, brokers said
There is some bit of short covering in the Bank Nifty. So the Bank Nifty has actually recovered half percent from the day‘s low. So it seems like there will be a bit of stability in the Bank Nifty in today‘s trade
SP Tulsian of sptulsian.com, explains to CNBC-TV18, that despite the debilitating effect of the pressure on margin calls on Pipavav, the company remains a good buy as it possess value and assets,