The Union cabinet cleared the Land Acquisition bill and formed a cabinet committee for the long-pending infrastructure projects in a meeting yesterday. Dhiraj Sachdev of HSBC Global Asset Management spoke to CNBC-TV18 regarding the policy decisions taken by the government and how it will affect the market.
After staying lacklustre for half a day, markets are likely to react positively to BJP chief LK Advani's statement that Opposition and the government have reached an agreement on Banking Bill.
In an interview to CNBC-TV18, Anil Manghnani, Modern Shares & Stock Brokers spoke about the market expectations in December and how the November boost has given high hopes to the market.
Sudarshan Sukhani of s2analytics.com feels that there is a sense of disappointment as we head in the next Diwali Samavat. According to him, buying now or lower should see 700-800 points of rallies.
Technical analyst Sudarshan Sukhani of s2analytics.com sees the Nifty slipping back trading range again. In an interview to CNBC-TV18, he said, there is no trade in the Nifty and advised traders to be patient.
CNBC-TV18's managing editor Udayan Mukherjee explains that today the market was range-bound very much like yesterday. The only difference was that the market had a positive bias throughout the trade, circling over the 5,150 mark in trade.
CNBC-TV18‘s managing editor Udayan Mukherjee says that it is not a bad day for the market which built on the pull-back mode last seen on Friday
After the good results of companies like HCL and TCS, Harit Shah, Sr. Research Analyst, Nirmal Bang Institutional Equities feels that the market will get a clear picture of the IT sector only after the first quarter of FY13.
The European markets threw sparks of excitement in the last half-an-hour of the day‘s session, highlights Udayan Mukherjee, managing editor, CNBC-TV18
CNBC-TV18, managing editor, Udayan Mukherjee expresses disappointment as the day‘s market session remains as listless as it was on Wednesday. He shines a ray of hope as his turns Europe where the markets have been stable and are being closely tracked by the Indian markets
In an interview with CNBC-TV18, Rakesh Patel, MD & Head of Equity Sales and Sales-Trading, HSBC, spoke about his reading of the market and his outlook.
Technical analyst Sudarshan Sukhani feels the market needs to recapture 5100 and consequently stay above it for any indication that the current bear market is coming to an end.
Market veteran N Jayakumar, president of Prime Securities feels the upside on the Nifty is capped at 5,100 levels.
While most of the stocks have damaged beyond repair, Ashu Madan of Religare Securities suggest focusing back to the index now. "The damage will be lower on the index-based stocks than the midcaps," he added.
Ajay Srivastava, chief executive officer of Dimensions Consulting says that the rupee falling over seven units in just about two months could have serious repercussions for the market and economy in general, going ahead.
The market ended on a flattish note with Nifty at around 4,832 levels, up 26 points and Sensex shut shop 115 points higher at 16,123 levels. Till the market makes up its mind on which way it wants to move beyond the range, its best to sit on the sidelines, CNBC-TV18's managing editor Udayan Mukherjee suggested.
The market ended on an extremely negative note with Nifty at around 4,706 levels, down 105 points and Sensex shut shop 365 points lower at 15,699 levels. The market hit 4,650 levels intraday, which is a new two-year low for the market.
The immediate downside would probably be 4,400 to 4,600 levels, but it might not necessarily be the final bottom, feels Sandeep Shah, chief executive officer of Sampriti Capital.
Ashish Chugh, investment analyst and author of Hidden Gems joins CNBC-TV18 to cherry-pick some midcaps that could save your portfolio in these uncertain times. He advices buying shares of Surya Roshni and Ansal Properties at current price for good returns in future.
The market ended on an extremely negative note with Nifty at 4,944 levels down 112 points and Sensex closed shop 393 points lower at 16,447 levels. CNBC-TV18's managing editor Udayan Mukherjee refers this closing as a scary session for the market.
Udayan Mukherjee, managing editor of CNBC-TV18 opines on the intra-day trades and speculates on the close for the day. He says that though the market started off on a good note, pressure in the large cap space, probably symbolic of global selling, have led it down to lows of 5350.
Prefer TCS in largecap IT space, says Hemant Thukral, Head, Derivatives Research, SBI Capital Securities.
After five days of continuous up movement in the Nifty it is not surprising to see the midcaps, smallcaps coming into the limelight. One may expect this to continue since these stocks were beaten down and hadn’t participated in the initial move from 5,200-5,700, said Anil Manghnani, Modern Shares & Stock Brokers.
Equities registering record lows and losing more than half of their value from their 52-week highs have been plentiful in the midcap space.
The midcap space has underperformed the largecaps for over a year. However, Religare Capital Markets' Manoj Singhla finds midcaps are far more attractive than their larger peers.