Most market participants appear to be praying that the finance minister skips the investment and capital markets from her Budget provisions altogether. No change in capital gains taxation is all they would wish for
The shocking verdict not only renewed Grexit fears, but also saw the Euro getting hammered. Predicting the future of EU currency, Goldman Sachs said in one year's time, the euro will be fetching just 95 cents. Catch live updates here.
In an interview with CNBC-TV18's Latha Venkatesh and Reema Tendulkar, Crossbridge Capital's Manish Singh discussed the Greek crisis and explained why he thinks the ECB's action and the Greek referendum are important going forward.
CLSA's senior economist, Rajeev Malik, tells CNBC-TV18 that RBI is not going to be dovish in the upcoming policy meet on April 17. He expects RBI to deliver a rate cut this time. Speaking to the channel, he says that the market will however have to scale down expectation of the quantum of rate movements in FY13.
The market fell a bit on the Budget day and today, we have carried on the downtrend from there. It's not like a huge amount of damage has happened, but counting Budget day in, we have lost about 2.5% in two days which is not very comforting, says Udayan Mukherjee, managing editor, CNBC-TV18.
Pankaj Vaish, head of markets (South Asia) at Citi spoke to CNBC-TV18 what the Budget has in store for the bond markets.
Vallabh Bhanshali of Enam Securities tells CNBC-TV18 that this Budget will find more acceptence with the market as time goes by.
The market elicited a mild reaction to the credit policy announcement of no change in rates. Bond yeilds too did not move much. This highlights the fact that the market had already factored in the dovish stance of RBI this policy. "However, there are lot of pointers about what could be the most impoirtant factors to watch," say experts.
Speaking to CNBC-TV18, Sonal Varma says that the policy is indeed a non-event, but it brings out certain key factors to watch out for.
Sanjeev Prasad of Kotak Institutional Equities tells CNBC-TV18 that markets are unlikely to sell-off even if the Budget disappoints. “The rally will however lose steam,” he says.
CNBC-TV18 catches up with two experts for a discussion on where the markets are headed post the successful Greek debt swap deal.
Sudarshan Sukhani of s2analytics.com spoke to CNBC-TV18 about how to approach the market now and comments on specific stocks. Check it out.
Jeff Chowdhry, head of emerging equities at F&C Investments joins CNBC-TV18 to discuss what to make of the global markets and what to expect of the EU Summit on October 23.