There were reports of skirmishes between people who had queued up to exchange or deposit their old and now defunct 500 and 1000 rupee notes and bank officials over the long wait and banks falling short of cash.
Everyone is expecting for a huge correction, but such a correction may not happen very soon, says Neeraj Deewan, Director, Quantum Securities. For now, market is in a very positive sentiment. Till the 8500 level is not broken, such correction may not occur.
A holding period of 36 months is crucial for a person to be able to claim tax benefits associated with long-term capital gains. Long-term capital gains give a property seller the benefits of indexation, R
Rahul Mohindar of viratechindia.com is confident of Kotak Mahindra Bank with a target of Rs 740 and advises buying along with Axis Bank. Even IndusInd Bank features on his buy list.
Technical analyst, Shubham Agarwal, Head-Technical Research at Motilal Oswal Securities spoke with Reema Tendulkar and Sonia Shenoy of CNBC-TV18. He shared his reading and outlook on the market and also gave recommendations on various stocks.
Market expert Ambareesh Baliga expects the market to be rangebound in the upcoming days.
Kunj Bansal of Centrum Wealth Management believes the effect of the foreign institutional investors' is going down in the Indian equity market.
The Asia's leading financial services firm sees the one- year OIS rate hovering between 7.75 and 8.25 per cent in the medium-term. However, in the short-term there is scope for front-end rupee OIS rates to head lower as risk premia become more compressed.
Indian diaspora ha been demanding big risk premium to support the falling rupee. Indian authorities are contemplating longer term steps to plug a deep current account deficit to help prop up the currency.
Short-term interest rates have surged and shares have slumped after the Reserve Bank of India unveiled measures late on Monday in an attempt to shore up the ailing rupee.
Among private banks, Barclays highlights Yes Bank and IndusInd Bank as most reliant on short-term wholesale funding, while non-banking financial companies such as IDFC are also vulnerable.
Ajay Srivastava, chief executive officer, Dimensions Consulting says that investors should look at keeping their investment horizon short-termed. He also recommends churning of portfolio every 15-20 days.
Sudarshan Sukhani, technical analyst, s2analytics.com, says if the markets consolidate next week, it would be sensible to go long, at least in short-term trade. He says he is still upbeat on IT stocks, and recommends a buy on Sun Pharma and Hexaware.
Putting together high performing teams through the use of experiential learning modules or activities has become a value-added procedure to team building.
Italian short-term debt costs halved at auction on Wednesday as a new austerity package and cheap long-term liquidity from the European Central Bank won Rome some respite in thin year-end markets
In an interview with CNBC-TV18, Mitesh Thacker, Technical Analyst gave his readings for the market and stocks from various sectors. He advises traders to opt for a stock specific approach.