Jyotivardhan Jaipuria, BofA ML said they had been surprised at the resilience of markets. They continue to expect it to drift lower to expected 15,000 levels.
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The tough and bad days for Indian market are far from over. Foreign funds are eroding from India and experts warn that it is still indicating anemic symptoms. Ramesh Damani, Member, BSE is worried that the market is on a downtrend on the back of disappointing news and a modest amount of selling may push
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The Indian market has been weak for the last few days. In an interview to CNBC-TV18, Atul Badkar of Edelweiss Securities says, further downside cannot be ruled out.
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Markets are red across the screen and in India the story is no different. Rajen Shah of Angel Broking says there is a lot of pain in the system due to the rumblings from the eurozone.
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Due to the volatile environment around the globe and in India, Dilip Bhat of Prabhudas Lilladher expects the Nifty to fall to 4500 levels by December.
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Vinayak Chatterjee, chairman, Feedback Ventures told CNBC-TV18 that he expects to see a significant uptick in the power sector in the next three-four months.
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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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Speciality Restaurants has agreed to sell shares worth Rs 26.41 crore to five anchor investors, it said in a regulatory filing on Tuesday, ahead of its USD 34 million initial public offering.
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The managing director of Specialty Restaurants Anjan Chatterjee tells CNBC-TV18 that they expect their IPO to suceed despite the poor market conditions.
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SP Tulsian of sptulsian says that hike in urea price was over due. If the urea price is increased then the subsidy burden of the government will also reduce. He also says both traders and investors can buy Orchid at Rs 120 levels. At the current price, Reliance has potential for some upward movement.
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In an interview with CNBC-TV18, portfolio manager PN Vijay, spoke about his reading of the market condition and the road ahead.
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In an interview with CNBC-TV18, Nirmal Jain, chairman of broking firm IIFL, spoke about his reading of the market condition and the road ahead.
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Jai Bala, chief market technician at Cashthechaos.com says the outlook for the market is negative and that the Nifty is headed towards 4800.
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Siddharth Bhamre of Angel Broking says that 4,800 from a derivatives and technical perspective is a very good support.
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KM Global Finserv has come out with its report on Plastene India Limited's IPO issue. According the the research firm, investors should avoid subscribing to this issue as the underlying business of the company is volatile and the stoc
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