Monday, 18 May
1:11 PM - Foreign capital is likely to come to India in a big way, says Manoj Gaur, Executive Chairman of Jaiprakash Associates Limited, on CNBC TV18. India has voted for good governance and infrastructure development to get a big boost, he adds. » Send to friends
1:06 PM - Sens*x may form a new bottom around 14,000-16,000 levels, says Quantum Securities, on NDTV Profit. » Send to friends
1:00 PM - The F&O picture today: There are a lot of hedged positions outstanding in the market, reports CNBC TV18. Hedges were taken via selling Nifty Calls. Nifty Call writers need to cover positions aggressively. 4000 Call has open interest of 41 lakh shares and 3800 Call has open interest of 45 lakh shares. 4000 Call has premium of Rs 370 and 3800 Call has premium of Rs 460. » Send to friends
12:54 PM - The market should open on a rational note tomorrow morning and there will be trading, says DD Sharma of Anand Rathi Securities on CNBC Awaaz. Traders will get an opportunity to buy or sell, he adds. » Send to friends
12:49 PM - Market is likely to continue to trade strong and more money is expected to come in tomorrow, says Phalguni Nair of Kotak Investment Bank, on CNBC TV18. In the medium term, earnings upgrade to follow, she adds. Stable government would be good for the market, she feels. » Send to friends
12:43 PM - Short-term traders can take advantage of this sudden upsurge in the market, says Rajesh Tambe of Sunchan Securities on Zee Business. » Send to friends
12:38 PM - Rupee is at 2009 high versus the US dollar, breaks below 48 and is currently trading at 47.93, up 3.02%, versus 49.04/$ on Friday, reports NDTV Profit. » Send to friends
12:33 PM - There is the possibility of reducing government stake below 51% in PSU banks, says Pradip Bijal, former secretary, department of disinvestment, on CNBC TV18. Privation is best option and the nature of competition changes, he says. The intention is there and the government could move fast now, he feels. » Send to friends
12:29 PM - The Sens*x might see 16000 levels in the next three months because in the coming months there will only be good news, says SP Tulsian, investment advisor, on CNBC Awaaz. A positive trend has now started in the market, he adds. » Send to friends
12:21 PM - The new Indian government will have to improve delivery which was earlier not implemented by the erstwhile government, says Ashima Goyal, economist, on Zee Business. Immediate areas for specific economic measures would be education and infrastructure, she adds. » Send to friends
12:16 PM - The government needs to come up with a stable fiscal policy, says Takahira Ogawa of S&P on NDTV Profit. The Indian economy is still vulnerable to global crisis, he adds. Concerns remain on disinvestment, expenditure and pricing, he says. » Send to friends
12:10 PM - We should be able to see some trade tomorrow morning when market opens, says Ambareesh Baliga of Karvy Stock Broking on CNBC Awaaz. He does not expect the market to hit up circuit again tomorrow. » Send to friends
12:05 PM - NSE-BSE halt trade for the full day for the first time ever as market hits upper circuit, reports NDTV Profit. Sens*x closed at 14273, up 2099 points from its previous close, and Nifty at 4308, up 636 points. Market will re-open tomorrow morning. » Send to friends
11:55 AM - Only 202 stocks traded on NSE and 842 on the BSE, reports CNBC TV18. Total traded turnover at Rs 3,103 cr (Cash + F&O), it adds. » Send to friends
11:52 AM - Trading has halted for the day as the market hits upper circuit once again within 17 seconds of opening, reports CNBC TV18. » Send to friends
11:45 AM - Experts say if on opening at 11.55am, the market hits circuit again then trading will be halted for the entire day, reports CNBC TV18. » Send to friends
11:40 AM - No one should do any buying or selling just before an event, says Deven Choksey of KR Choksey on Zee Business. Buyers should go not for momentum stocks which are weak and instead build their portfolio on strong stocks, he adds. » Send to friends
11:34 AM - Government clearly unfettered so there is no reason for it to not move steadily and swiftly, says Rajiv Chandrashekhar, independent MD and Rajya Sabha member (and industrialist) on CNBC TV18. The solution for the telecom sector is simple but the political will was missing and now that may see a change, he adds. The larger issue of disinvestment to take longer to implement, he feels. » Send to friends
11:28 AM - When market re-opens then short-term investors should stay away, says Gajendra Nagpal of Unicon Fin Intermediaries on Zee Business. But this is the right opportunity for medium-to-short term investors to buy largecap stocks, like L&T and BHEL, he adds. » Send to friends
11:23 AM - Global environment not conducive for growth, says Haseeb Drabu, Chairman and CEO of J&K Bank on NDTV Profit. Money policy needs to support economic reforms, he adds. Economic reforms need to be gradual over the next 5 years, he feels. » Send to friends
11:17 AM - Buyers should now be cautious and make the right selection for investment, says Vikas Sethi, market expert, on CNBC Awaaz. He advises building one's portfolio in banking and infrastructure stocks. » Send to friends
11:12 AM - BSE says Sens*x was up 1789.88 points and trading at 13963.30 when circuit was hit, reports NDTV Profit. Market turnover (BSE + NSE) in cash and F&O was Rs 616 crore. » Send to friends
11:05 AM - We will see the market bouncing three times, says Rajesh Tambe of Sunchan Securities on Zee Business. Today's was the first instance, he adds. The second bounce will be when the Finance Minister is announced and the third when the final budget is placed before the country, he says. » Send to friends
10:59 AM - Election outcome not to impact GDP growth forecast, says Rajeev Malik of Macquarie Capital Securities, on CNBC TV18. Return on capital in India is likely to be higher than the Asian peers, he adds. Disinvestment will be an important signal to watch out for in the budget, he says. » Send to friends
10:55 AM - The United Progressive Alliance's (UPA) win has excited the market, says Akash Prakash of Amansa Capital on CNBC TV18. He believes that the markets will now form a new base and adds he does not expect a retest of the recent lows. He sees a fundamentally different range for the Indian market. » Send to friends
10:48 AM - The India election results will be a game changer for the market, says Akash Prakash of Amansa Capital on NDTV Profit. The government will now have to move decisively as they will not be hampered by the Left Front, he says. The government is also likely to get a honeymoon period of three months and the market expectations are high on policy front, he adds. » Send to friends
10:36 AM - The market will re-open at 11.55am and trading will be halted for two hours, reports NDTV Profit. BSE and NSE to issue a joint press release on the same immediately. » Send to friends
10:34 AM - This is not the right time to sell in the market, says Madhu Kela of Reliance Mutual Fund on CNBC Awaaz. There will be volatility in the market for many reasons but long-term investors will have lots of time to buy good stocks for 3-5 years, he adds. » Send to friends
10:29 AM - If the market hits the second circuit then go short on your long position, says Vijay Bhambwani, technical analyst, on CNBC Awaaz. » Send to friends
10:22 AM - The next up circuit will be on if Sens*x goes up by 1950 points and Nifty by 600 points, reports CNBC Awaaz. » Send to friends
10:14 AM - India is to have a stable reform policy, says the economic adviser to the Prime Minister, reports NDTV Profit. The reform process of the country is to continue, he adds. But he cautions that India will have to tread carefully on reforms due to global conditions. » Send to friends
10:01 AM - NSE, BSE are discussing on extent of trading halt as Nifty has already breached second trading circuit, reports CNBC TV18. » Send to friends
9:54 AM - Markets hit first upper circuit with Sens*x at 13479, up 306 points from its previous close, and Nfity at 4203, up 532 points, reports CNBC TV18.
9:50 AM - For the first time in history, trading is halted in the market as markets hit upper circuit in the first 15 seconds of trade, reports CNBC TV18. Market will now re-open for trading at 10.55am, it adds.
src: rediff money
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