MF Global misled regulators over the size of its eurozone bond bets, a powerful US congressional committee has claimed in a damning report into the broker's collapse under former chief executive Jon Corzine.
The market has been consolidating over the last few days and Vineet Bhatnagar, MD of MF Global feels the market is correcting slowly and it would have been better if the correction was a quicker and sharper one. According to him, the Nifty has a support at 5620 and 5580.
The September futures and options contracts will expire today. In an interview to CNBC-TV18, Vineet Bhatnagar, managing director of MF Global says the Nifty will close the September series somewhere between 5,650 and 5,700.
Go long in SBI and Bharti Airtel, says Vineet Bhatnagar, MF Global.
Vineet Bhatnagar of MF Global told CNBC-TV18 that the option data shows Nifty in the 5000-5500 range, with highest open interest build-up at 5000 levels.
Anshul Bhargava, head of institutional derivative research at MF Global, attributes the depression in several F&O counters today to the exclusion of 51 stocks from the segment by the NSE.
The June series has been a good one and Vineet Bhatnagar, MD of MF Global feels that the disinterest present in the last expiry seems to have faded away. According to him FII open interest in Nifty is higher than the three month average.
MF Global Holdings Ltd could have more than USD 3 billion in claims against its former affiliates, according to Louis Freeh, the trustee overseeing the wind-down of the collapsed broker's parent company.
Rajan Malik, Head Equities- Private Client Group, MF Global advice investors to stay invested in Berger Paints.
The global markets have been fragile over the last few sessions. Rajan Malik, head equities, private client group of MF Global says, globally there could be further destruction. “I don‘t think we are going to be decoupled. It appears that we could be headed down even below 4,800 in times to come,†he adds
Naveen Mathur of Angel Broking expects prices of gold to trade higher. He recommends buying MCX Gold contract of June at Rs 28,580-28,600 per 10 gm with a stop loss at Rs 28,490 per 10 gm.
An MF Global bankruptcy trustee asked a judge on Monday to release USD 25 million in insurance money to pay defense costs for Jon Corzine and other former MF Global officers facing civil lawsuits over the broker's October collapse.
Reliance Industries is looking weak at current level, says Rajan Malik, MF Global.
Singapore's privately held PhillipCapital Group said on Wednesday it has agreed to buy a majority stake in defunct broker MF Global's Indian unit.
MD of MF Global Vineet Bhatnagar says the market could end the March series around 5,270-5,300 levels if the Finance Ministry indicates that it will relook GAAR with regards to Mauritius.
After a very volatile session, March expiry is drawing close next week. Vineet Bhatnagar, MD, MF Global feels that the expiry could be close to 5300 levels.
The market has been on a strong wicket since the beginning of 2012. Rajan Malik of MF Global says, the Nifty could inch towards 5,000-5,100 and find strong resistance there.
Rajan Malik of MF Global expects the Nifty to top out at the 5,000-5,100 levels in the near-term.
It's a new year but we haven't forgotten our old muse- the Companies Bill, 2011 and we doggedly continue our analysis of teh new provisions in that Bill.
Trading opportunities seen in Tata Chemicals and L&T, says Vineet Bhatnagar, MD, MF Global.
MF Global unloaded hundreds of millions of dollars' worth of securities to Goldman Sachs in the days leading up to its collapse, according to two former MF Global employees.
Agricultural bankers and other players in the world's grain markets say fallout from the collapse of giant broker MF Global is changing cash grain trading and fueling calls for alternatives and reforms.
SBI is a best bet in banking space, says Rajan Malik, MF Global.
Rajan Malik, MF Global shares his view on capital goods space.
L&T and BHEL may slip further, says Rajan Malik, MF Global.