Under the arrangement, SMC Global will open the trading account and the Karur Vyasa Bank, headquartered in Tamil Nadu, will maintain the bank account and the Demat account of the customers.
Trends on SGX Nifty indicate a flat to positive opening for the broader index in India, with a 7.5 points gain or 0.06 percent. Nifty futures were trading around 11,625-level on the Singaporean Exchange.
On the technical front, 10,650-10,700 spot is a strong support zone for the index
Watch the interview of Jagannadham Thunuguntla, Head of Research at SMC Global Securities Limited and Hemen Kapadia, VP at KR Choksey Securities with Sumaira Abidi & Nigel D'Souza on CNBC-TV18, in which they shared their reading and outlook on market and specific stocks.
Reliance results for the quarter ended 30th September 2013 have clearly surpassed the estimates. The future quarters profitability will depend largely on the improvement of Gross Refining Margins, deployment of cash and KG-D6 basin gas production volumes revival: SMC Global.
Fund-raising by Indian companies through QIP (Qualified Institutional Placement) has been fairly robust despite volatile market conditions. In the period from January to August 2013, the total funds raised through QIP is about Rs 12,354 Crores through 20 issuances.
Jagannadham Thununguntla, Strategist & Head of Research, SMC Global Securities Limited feels Shasun Pharmaceuticals can move to Rs 92.
Jagannadham Thununguntla, Strategist & Head of Research at SMC Global Securities Limited is of the view that one can hold Nectar Lifesciences. It can test Rs 24-25.
One can hold Bajaj Auto, says Jagannadham Thununguntla, Strategist & Head of Research at SMC Global Securities Limited.
Jagannadham Thununguntla, Strategist & Head of Research at SMC Global Securities Limited is of the view that short term trader can book profits in Cipla but with a medium to long term view one can hold it.
One can exit Orchid Chemicals, says Jagannadham Thununguntla, Strategist & Head of Research at SMC Global Securities Limited. The stock is clearly underperforming and as the stock keep moving up there will be lot of supply keep coming, he adds.
Jagannadham Thununguntla, Strategist & Head of Research of SMC Global Securities Limited is of the view that one can hold Jain Irrigation Systems with a target of Rs 82.
Jagannadham Thununguntla, Strategist & Head of Research, SMC Global Securities Limited is of the view that short tem trader should exit Allahabad Bank.
Jagannadham Thununguntla, Strategist & Head of Research, SMC Global Securities Limited is of the view that one can hold Emami with a target of Rs 730-750.
Jagannadham Thununguntla, Strategist & Head of Research, SMC Global Securities Limited is of the view that one should not hold SKS Microfinance.
Jagannadham Thununguntla, Strategist & Head of Research, SMC Global Securities Limited is of the view that one can hold Glenmark Pharma with a target of Rs 585.
Jagannadham Thununguntla, Strategist & Head of Research, SMC Global Securities Limited is of the view that one can hold Coal India at current level.
Jagannadham Thununguntla, Strategist & Head of Research, SMC Global Securities Limited is of the view that one should hold TCS. “I feel TCS should move up,†he added.
Jagannadham Thununguntla, Strategist & Head of Research, SMC Global Securities Limited is of the view that prefer Hexaware Technologies to Mahindra Satyam
Jagannadham Thununguntla, Strategist & Head of Research, SMC Global Securities Limited is of the view that Glenmark Pharma will continue to be a decent performer.
Jagannadham Thununguntla, Strategist & Head of Research, SMC Global Securities Limited is of the view that one can hold ONGC with long term perspective.
Jagannadham Thununguntla, Strategist & Head of Research, SMC Global Securities Limited is of the view that Cairn India can touch Rs 320-325.
Jagannadham Thununguntla, Strategist & Head of Research, SMC Global Securities Limited feels that Sintex Industries may go upto Rs 70-75.
Jagannadham Thununguntla, Strategist & Head of Research, SMC Global Securities Limited is of the view that one can stay invested in NTPC and whenever get the typical kind of bounce can exit the stock.
Jagannadham Thununguntla, Strategist & Head of Research, SMC Global Securities Limited is of the view that one should hold Bank Of India with a target of Rs 355.