Mahindra Satyam, Tech Mahindra have agreed to merge. In an interview to CNBC-TV18, Ashwin Mehta, IT analyst, Nomura India says, its largely neutral for Tech Mahindra.
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Urban Development Minister Kamal Nath said the government has fixed the price band at Rs 90-106 a share for initial public offer (IPO) of National Buildings Construction Corporation (NBCC).
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Budget as an event is over, says Vikas Khemani, president and head wholesale capital markets at Edelweiss Securities. I think market is back to the normal, he adds. According to him, monetary policy and Q4 results will be the next triggers for the market.
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The Budget turned out to be a non-event for the market. On Friday, the Budget did not modify the short-term downtrend, says Sudarshan Sukhani, s2analytics.com. He further says, the Nifty may move towards 5,000.
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In an interview to CNBC-TV18, SP Tulsian of sptulsian.com discusses his multibagger ideas for today. He outlines why investors should look at adding these stocks to their portfolios.
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Sudarshan Sukhani of s2analytics tells CNBC-TV18 that the market is likely to ride on volatility today. "I would suggest that one stays away from trades today," he says.
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NIFTY will be in consolidation mode at 5000-5500 till RBIs shift into growth supportive monetary stance, says Moses Harding, Head - ALCO and Economic Market Research, IndusInd Bank.
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Punita Kumar Sinha, Managing Partner Pacific Paradigm Advisors,
believes the Reserve Bank of India's recent moves suggest that there is room for prices to go up in the Budget 2012-13.
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Nilesh Shah, director, Axis Bank says that the RBI aided liquidity and control inflation in the last three-to-four months.
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Jai Bala, Cashthechaos.Com believes that the market is at a very important stage currently. He sees more upmove in Nifty from the current levels which will take out 5,630 levels.
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Sanjeev Prasad of Kotak Institutional Equities tells CNBC-TV18 that markets are unlikely to sell-off even if the Budget disappoints. The rally will however lose steam, he says.
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NS Venkatesh, head treasury at IDBI Bank spoke to CNBC-TV18 on what can be expected from the policy meet tomorrow for the bond markets.
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Sandeep Singal of Emkay Global Financial Services said the good part of the Railway Budget (hike in freight rates) has already been priced in.
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Sudarshan Sukhani of s2analytics.com tells CNBC-TV18 that in the very short-term, upside targets were a test of 5,630 but its not an exact number and could be in the 5,600 or 5,700 zone.
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