"While fund raising came to a standstill between January and February, with a recovery in the stock market, firms regained confidence and again tapped equity market for funds," SMC Capitals Equity Head Jagannadham Thunuguntla said.
Samay Live June 24, 2009 Sensex Closes Flat, Most Of Day’S Losses Recouped (R...Jagannadham Thunuguntla
“We are in the middle of a correction and it was always on cards as the rally was only being fuelled by excess liquidity and not by strong fundamentals,” said Jagannadham Thunuguntla, equity head at SMC Capitals, one of India’s largest brokerage firms.
“The volatility will be there at least till the futures and options contract expiry,” he added.
"While fund raising came to a standstill between January and February, with a recovery in the stock market, firms regained confidence and again tapped equity market for funds," SMC Capitals Equity Head Jagannadham Thunuguntla said.
Samay Live June 24, 2009 Sensex Closes Flat, Most Of Day’S Losses Recouped (R...Jagannadham Thunuguntla
“We are in the middle of a correction and it was always on cards as the rally was only being fuelled by excess liquidity and not by strong fundamentals,” said Jagannadham Thunuguntla, equity head at SMC Capitals, one of India’s largest brokerage firms.
“The volatility will be there at least till the futures and options contract expiry,” he added.