8 votes
Speciality Restaurants, which runs popular food chains such as Mainland China, Oh! Calcutta and Sigree, launched its initial public offer of 117.4 lakh shares today. It plans to raise Rs 171.4 crore at lower end of price band of Rs 14
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Indian market is getting weak on dwindling interest of foreign investors due to economic uncertainty. The Nifty has already slipped below 5000 but experts feel that the pain will not end there. Most experts have a negative outlook on Indian market as there are indications of more weakness.
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Markets all over the world have seen some amount of volatility in the past week or so. In the wake of the elections in Europe, with discussion on the Finance Bill starting today, the Indian market is witnessing a high impact day with mixed cues.
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Despite the underperformance of the Indian markets with respect to global markets, Nitin Raheja, CIO, Rada Advisors feels that it is holding well. The rupee too is trading at a 4-month low and Raheja believes the negative FII flows have affected it.
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One of the important recommendations from TRAI, which has not been terribly controversial, have been its new rules with respect to carriage fees that multi-system operators (MSOs) will be able to charge as well as the revenues sharing between the MSOs and the last mile cable operators.
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Ex-chairman and executive director of Samvardhana Motherson Finance (SMFL) Vivek Chaand Sehgal tells CNBC-TV18 that they will become a debt free company once the proceeds of the IPO flow in.
8 votes
Suhas Harinarayanan at Religare Capital Markets does not see any positive fundamental triggers for the state-run Bharat Heavy Electricals Ltd (BHEL) in the near-term.
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The Nifty has been on a weak wicket over the last couple of sessions. Anil Manghnani, Modern Shares Stock Brokers says, the Nifty is back in the 5,200-5,100 range. According to him, 5,080 is the major level.
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The Indian market has been on a weak wicket over the last few sessions. Amit Gupta, head-derivatives of ICICI Direct says, the Nifty will be in a consolidation mode for couple of weeks. âIt could be in the range of 4,730 on the downside and 5,050 on the higher side,â he adds.
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Global and domestic uncertainties are putting pressure on the Indian market. Abhijit Chakraborty, senior VP-institutional equity of Fortune Equity Brokers says, market can definitely retest the lows of 4,600-4,700.
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In an interview with CNBC-TV18, Siddharth Bhamre of Angel Broking spoke about his reading of the market conditions and the road ahead.
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Within the region, Korea and India continue to be the key losers in terms of AUM percentage, says Markus Rosgen of Citigroup.
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IIFL telecom analyst GV Giri offers his analysis to CNBC-TV18 on Bhartiâs initial investment of approximately USD 165 million to acquire 49% of Qualcomm APâs India entities
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The Indian economy has been witnessing sub-7% GDP growth for a year now. Sanjay Nayar, chief executive officer and country head, KKR India feels, given the structural and cyclical issues facing our economy, investors should get used to 6-7% growth rate.
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On Tuesday, the Nifty closed below 5,000 levels for the first time since January 18. Sandeep Shah, chief executive officer, Sampriti Capital cautions that Nifty may correct to 4,600-4,800 levels ahead if global and local cues deteriorate further.
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