“Markets absorbed the uncertainty earlier in the week, but regained confidence later and some good valuations also helped. Global markets have been in an uptrend, which was also helpful,” said Jagannadham Thunuguntla, equity head at SMC Capitals.
Sulekha May 16, 2009 Markets Move Up Brushing Aside Poll Result FearsJagannadham Thunuguntla
“Markets absorbed the uncertainty earlier in the week, but regained confidence later and some good valuations also helped. Global markets have been in an uptrend, which was also helpful,” said Jagannadham Thunuguntla, equity head at SMC Capitals.
MSN News May 16, 2009 Markets Move Up Brushing Aside Poll Result FearsJagannadham Thunuguntla
“Markets absorbed the uncertainty earlier in the week, but regained confidence later and some good valuations also helped. Global markets have been in an uptrend, which was also helpful,” said Jagannadham Thunuguntla, equity head at SMC Capitals.
Sindh Today May 16, 2009 Markets Move Up Brushing Aside Poll Result FearsJagannadham Thunuguntla
“Markets absorbed the uncertainty earlier in the week, but regained confidence later and some good valuations also helped. Global markets have been in an uptrend, which was also helpful,” said Jagannadham Thunuguntla, equity head at SMC Capitals.
Web India 123 May 16, 2009 Markets Move Up Brushing Aside Poll Result FearsJagannadham Thunuguntla
“Markets absorbed the uncertainty earlier in the week, but regained confidence later and some good valuations also helped. Global markets have been in an uptrend, which was also helpful,” said Jagannadham Thunuguntla, equity head at SMC Capitals.
Blog Coverage Taragana May 16, 2009 Markets Move Up Brushing Aside Poll Resul...Jagannadham Thunuguntla
“Markets absorbed the uncertainty earlier in the week, but regained confidence later and some good valuations also helped. Global markets have been in an uptrend, which was also helpful,” said Jagannadham Thunuguntla, equity head at SMC Capitals.
Thaindian May 16, 2009 Markets Move Up Brushing Aside Poll Result FearsJagannadham Thunuguntla
“Markets absorbed the uncertainty earlier in the week, but regained confidence later and some good valuations also helped. Global markets have been in an uptrend, which was also helpful,” said Jagannadham Thunuguntla, equity head at SMC Capitals.
Yahoo News May 16, 2009 Markets Move Up Brushing Aside Poll Result FearsJagannadham Thunuguntla
“Markets absorbed the uncertainty earlier in the week, but regained confidence later and some good valuations also helped. Global markets have been in an uptrend, which was also helpful,” said Jagannadham Thunuguntla, equity head at SMC Capitals.
India E News May 16, 2009 Markets Move Up Brushing Aside Poll Result FearsJagannadham Thunuguntla
“Markets absorbed the uncertainty earlier in the week, but regained confidence later and some good valuations also helped. Global markets have been in an uptrend, which was also helpful,” said Jagannadham Thunuguntla, equity head at SMC Capitals.
Sulekha May 16, 2009 Markets Move Up Brushing Aside Poll Result FearsJagannadham Thunuguntla
“Markets absorbed the uncertainty earlier in the week, but regained confidence later and some good valuations also helped. Global markets have been in an uptrend, which was also helpful,” said Jagannadham Thunuguntla, equity head at SMC Capitals.
MSN News May 16, 2009 Markets Move Up Brushing Aside Poll Result FearsJagannadham Thunuguntla
“Markets absorbed the uncertainty earlier in the week, but regained confidence later and some good valuations also helped. Global markets have been in an uptrend, which was also helpful,” said Jagannadham Thunuguntla, equity head at SMC Capitals.
Sindh Today May 16, 2009 Markets Move Up Brushing Aside Poll Result FearsJagannadham Thunuguntla
“Markets absorbed the uncertainty earlier in the week, but regained confidence later and some good valuations also helped. Global markets have been in an uptrend, which was also helpful,” said Jagannadham Thunuguntla, equity head at SMC Capitals.
Web India 123 May 16, 2009 Markets Move Up Brushing Aside Poll Result FearsJagannadham Thunuguntla
“Markets absorbed the uncertainty earlier in the week, but regained confidence later and some good valuations also helped. Global markets have been in an uptrend, which was also helpful,” said Jagannadham Thunuguntla, equity head at SMC Capitals.
Blog Coverage Taragana May 16, 2009 Markets Move Up Brushing Aside Poll Resul...Jagannadham Thunuguntla
“Markets absorbed the uncertainty earlier in the week, but regained confidence later and some good valuations also helped. Global markets have been in an uptrend, which was also helpful,” said Jagannadham Thunuguntla, equity head at SMC Capitals.
Thaindian May 16, 2009 Markets Move Up Brushing Aside Poll Result FearsJagannadham Thunuguntla
“Markets absorbed the uncertainty earlier in the week, but regained confidence later and some good valuations also helped. Global markets have been in an uptrend, which was also helpful,” said Jagannadham Thunuguntla, equity head at SMC Capitals.
Yahoo News May 16, 2009 Markets Move Up Brushing Aside Poll Result FearsJagannadham Thunuguntla
“Markets absorbed the uncertainty earlier in the week, but regained confidence later and some good valuations also helped. Global markets have been in an uptrend, which was also helpful,” said Jagannadham Thunuguntla, equity head at SMC Capitals.
India E News May 16, 2009 Markets Move Up Brushing Aside Poll Result FearsJagannadham Thunuguntla
“Markets absorbed the uncertainty earlier in the week, but regained confidence later and some good valuations also helped. Global markets have been in an uptrend, which was also helpful,” said Jagannadham Thunuguntla, equity head at SMC Capitals.
“A lot of short positions were built up during the past few days and one possible explanation is that people today covered quite a few of these. Still, this rally came quite unexpected,” said Jagannadham Thunuguntla, equity head at SMC Capitals.
ET Mobile August 1, 2009 Corporate India, Global Cues Push Sensex To 13 Month...Jagannadham Thunuguntla
'Positive results by corporates is proof that the economy is on the verge of a turnaround. This will continue to help the markets gain momentum,' said Jagannadham Thunuguntla, equity head at SMC Capitals.
Samay Live August 1, 2009 Corporate India, Global Cues Push Sensex To 13 Mont...Jagannadham Thunuguntla
'Positive results by corporates is proof that the economy is on the verge of a turnaround. This will continue to help the markets gain momentum,' said Jagannadham Thunuguntla, equity head at SMC Capitals.
Web India 124 August 1, 2009 Corporate India, Global Cues Push Sensex To 13 M...Jagannadham Thunuguntla
'Positive results by corporates is proof that the economy is on the verge of a turnaround. This will continue to help the markets gain momentum,' said Jagannadham Thunuguntla, equity head at SMC Capitals.
Blog Coverage Taragana August 1, 2009 Corporate India, Global Cues Push Sense...Jagannadham Thunuguntla
'Positive results by corporates is proof that the economy is on the verge of a turnaround. This will continue to help the markets gain momentum,' said Jagannadham Thunuguntla, equity head at SMC Capitals.
Two Circle August 1, 2009 Corporate India, Global Cues Push Sensex To 13 Mont...Jagannadham Thunuguntla
'Positive results by corporates is proof that the economy is on the verge of a turnaround. This will continue to help the markets gain momentum,' said Jagannadham Thunuguntla, equity head at SMC Capitals.
Thaindian August 1, 2009 Corporate India, Global Cues Push Sensex To 13 Month...Jagannadham Thunuguntla
'Positive results by corporates is proof that the economy is on the verge of a turnaround. This will continue to help the markets gain momentum,' said Jagannadham Thunuguntla, equity head at SMC Capitals.
Big News Network August 1, 2009 Corporate India, Global Cues Push Sensex To 1...Jagannadham Thunuguntla
'Positive results by corporates is proof that the economy is on the verge of a turnaround. This will continue to help the markets gain momentum,' said Jagannadham Thunuguntla, equity head at SMC Capitals.
Khaleej Times August 1, 2009 Corporate India, Global Cues Push Sensex To 13 M...Jagannadham Thunuguntla
'Positive results by corporates is proof that the economy is on the verge of a turnaround. This will continue to help the markets gain momentum,' said Jagannadham Thunuguntla, equity head at SMC Capitals.
Zee News August 1, 2009 Corporate India, Global Cues Push Sensex To 13 Month ...Jagannadham Thunuguntla
'Positive results by corporates is proof that the economy is on the verge of a turnaround. This will continue to help the markets gain momentum,' said Jagannadham Thunuguntla, equity head at SMC Capitals.
MSN News August 1, 2009 Corporate India, Global Cues Push Sensex To 13 Month ...Jagannadham Thunuguntla
'Positive results by corporates is proof that the economy is on the verge of a turnaround. This will continue to help the markets gain momentum,' said Jagannadham Thunuguntla, equity head at SMC Capitals.
Sulekha August 1, 2009 Corporate India, Global Cues Push Sensex To 13 Month HighJagannadham Thunuguntla
'Positive results by corporates is proof that the economy is on the verge of a turnaround. This will continue to help the markets gain momentum,' said Jagannadham Thunuguntla, equity head at SMC Capitals.
Silicon India August 1, 2009 Corporate India, Global Cues Push Sensex To 13 M...Jagannadham Thunuguntla
'Positive results by corporates is proof that the economy is on the verge of a turnaround. This will continue to help the markets gain momentum,' said Jagannadham Thunuguntla, equity head at SMC Capitals.
Big News Network May 16, 2009 Markets Move Up Brushing Aside Poll Result FearsJagannadham Thunuguntla
“Markets absorbed the uncertainty earlier in the week, but regained confidence later and some good valuations also helped. Global markets have been in an uptrend, which was also helpful,” said Jagannadham Thunuguntla, equity head at SMC Capitals.
Inditop May 16, 2009 Markets Move Up Brushing Aside Poll Result FearsJagannadham Thunuguntla
“Markets absorbed the uncertainty earlier in the week, but regained confidence later and some good valuations also helped. Global markets have been in an uptrend, which was also helpful,” said Jagannadham Thunuguntla, equity head at SMC Capitals.
“A lot of short positions were built up during the past few days and one possible explanation is that people today covered quite a few of these. Still, this rally came quite unexpected,” said Jagannadham Thunuguntla, equity head at SMC Capitals.
ET Mobile August 1, 2009 Corporate India, Global Cues Push Sensex To 13 Month...Jagannadham Thunuguntla
'Positive results by corporates is proof that the economy is on the verge of a turnaround. This will continue to help the markets gain momentum,' said Jagannadham Thunuguntla, equity head at SMC Capitals.
Samay Live August 1, 2009 Corporate India, Global Cues Push Sensex To 13 Mont...Jagannadham Thunuguntla
'Positive results by corporates is proof that the economy is on the verge of a turnaround. This will continue to help the markets gain momentum,' said Jagannadham Thunuguntla, equity head at SMC Capitals.
Web India 124 August 1, 2009 Corporate India, Global Cues Push Sensex To 13 M...Jagannadham Thunuguntla
'Positive results by corporates is proof that the economy is on the verge of a turnaround. This will continue to help the markets gain momentum,' said Jagannadham Thunuguntla, equity head at SMC Capitals.
Blog Coverage Taragana August 1, 2009 Corporate India, Global Cues Push Sense...Jagannadham Thunuguntla
'Positive results by corporates is proof that the economy is on the verge of a turnaround. This will continue to help the markets gain momentum,' said Jagannadham Thunuguntla, equity head at SMC Capitals.
Two Circle August 1, 2009 Corporate India, Global Cues Push Sensex To 13 Mont...Jagannadham Thunuguntla
'Positive results by corporates is proof that the economy is on the verge of a turnaround. This will continue to help the markets gain momentum,' said Jagannadham Thunuguntla, equity head at SMC Capitals.
Thaindian August 1, 2009 Corporate India, Global Cues Push Sensex To 13 Month...Jagannadham Thunuguntla
'Positive results by corporates is proof that the economy is on the verge of a turnaround. This will continue to help the markets gain momentum,' said Jagannadham Thunuguntla, equity head at SMC Capitals.
Big News Network August 1, 2009 Corporate India, Global Cues Push Sensex To 1...Jagannadham Thunuguntla
'Positive results by corporates is proof that the economy is on the verge of a turnaround. This will continue to help the markets gain momentum,' said Jagannadham Thunuguntla, equity head at SMC Capitals.
Khaleej Times August 1, 2009 Corporate India, Global Cues Push Sensex To 13 M...Jagannadham Thunuguntla
'Positive results by corporates is proof that the economy is on the verge of a turnaround. This will continue to help the markets gain momentum,' said Jagannadham Thunuguntla, equity head at SMC Capitals.
Zee News August 1, 2009 Corporate India, Global Cues Push Sensex To 13 Month ...Jagannadham Thunuguntla
'Positive results by corporates is proof that the economy is on the verge of a turnaround. This will continue to help the markets gain momentum,' said Jagannadham Thunuguntla, equity head at SMC Capitals.
MSN News August 1, 2009 Corporate India, Global Cues Push Sensex To 13 Month ...Jagannadham Thunuguntla
'Positive results by corporates is proof that the economy is on the verge of a turnaround. This will continue to help the markets gain momentum,' said Jagannadham Thunuguntla, equity head at SMC Capitals.
Sulekha August 1, 2009 Corporate India, Global Cues Push Sensex To 13 Month HighJagannadham Thunuguntla
'Positive results by corporates is proof that the economy is on the verge of a turnaround. This will continue to help the markets gain momentum,' said Jagannadham Thunuguntla, equity head at SMC Capitals.
Silicon India August 1, 2009 Corporate India, Global Cues Push Sensex To 13 M...Jagannadham Thunuguntla
'Positive results by corporates is proof that the economy is on the verge of a turnaround. This will continue to help the markets gain momentum,' said Jagannadham Thunuguntla, equity head at SMC Capitals.
Big News Network May 16, 2009 Markets Move Up Brushing Aside Poll Result FearsJagannadham Thunuguntla
“Markets absorbed the uncertainty earlier in the week, but regained confidence later and some good valuations also helped. Global markets have been in an uptrend, which was also helpful,” said Jagannadham Thunuguntla, equity head at SMC Capitals.
Inditop May 16, 2009 Markets Move Up Brushing Aside Poll Result FearsJagannadham Thunuguntla
“Markets absorbed the uncertainty earlier in the week, but regained confidence later and some good valuations also helped. Global markets have been in an uptrend, which was also helpful,” said Jagannadham Thunuguntla, equity head at SMC Capitals.
India Pr Wire Mar 28, 2009 Indian Equities End Week On A High As Global Cues ...Jagannadham Thunuguntla
“This might sound pessimistic but sadly, the rally is not sustainable. I wish it was a permanent recovery, but it’s not,” said Jagannadham Thunguntula, equity head at SMC Capitals.
“The futures and options closing helped push the Sensex upwards and global cues helped, but markets are still being driven by speculation rather than any sound investment strategy,” he added.
“They will soon fall back,” Thunguntula contended.
Bombay News Mar 28, 2009 Indian Equities End Week On A High As Global Cues St...Jagannadham Thunuguntla
“This might sound pessimistic but sadly, the rally is not sustainable. I wish it was a permanent recovery, but it’s not,” said Jagannadham Thunguntula, equity head at SMC Capitals.
“The futures and options closing helped push the Sensex upwards and global cues helped, but markets are still being driven by speculation rather than any sound investment strategy,” he added.
“They will soon fall back,” Thunguntula contended.
Bombay News Feb 14, 2009 Markets Inch Forward On Budget Expectations, Sensex ...Jagannadham Thunuguntla
“Expectations of various sectoral incentives being given through the interim budget seem to be the only trigger this week’s rally. An element of break out might still be there but it remains to be seen how markets will react after the interim budget is announced on Monday,” said Jagannadham Thunuguntla, chief executive of India’s fourth largest share brokerage firm, the Delhi-based SMC Group.
Calcutta News Mar 28, 2009 Indian Equities End Week On A High As Global Cues ...Jagannadham Thunuguntla
“This might sound pessimistic but sadly, the rally is not sustainable. I wish it was a permanent recovery, but it’s not,” said Jagannadham Thunguntula, equity head at SMC Capitals.
“The futures and options closing helped push the Sensex upwards and global cues helped, but markets are still being driven by speculation rather than any sound investment strategy,” he added.
“They will soon fall back,” Thunguntula contended.
India E News May 22, 2009 Key Indian Market Index Has Steepest Jump In 17 YearsJagannadham Thunuguntla
"Markets were clearly excited by the smooth manner in which the Congress-led coalition regained power. Investors know the allies won't be able to arm-twist the government as they had done in the past," said SMC Capitals equity head Jagannadham Thunuguntla.
India E News Mar 28, 2009 Indian Equities End Week On A High As Global Cues S...Jagannadham Thunuguntla
“This might sound pessimistic but sadly, the rally is not sustainable. I wish it was a permanent recovery, but it’s not,” said Jagannadham Thunguntula, equity head at SMC Capitals.
“The futures and options closing helped push the Sensex upwards and global cues helped, but markets are still being driven by speculation rather than any sound investment strategy,” he added.
“They will soon fall back,” Thunguntula contended.
“A lot of short positions were built up during the past few days and one possible explanation is that people today covered quite a few of these. Still, this rally came quite unexpected,” said Jagannadham Thunuguntla, equity head at SMC Capitals.
“A lot of short positions were built up during the past few days and one possible explanation is that people today covered quite a few of these. Still, this rally came quite unexpected,” said Jagannadham Thunuguntla, equity head at SMC Capitals.
India Forums May 12, 2009 Sensex Crosses 12,000 Mark, Rises 475 PointsJagannadham Thunuguntla
“A lot of short positions were built up during the past few days and one possible explanation is that people today covered quite a few of these. Still, this rally came quite unexpected,” said Jagannadham Thunuguntla, equity head at SMC Capitals.
Andhra Vilas May 12, 2009 Sensex Crosses 12,000 Mark, Rises 475 PointsJagannadham Thunuguntla
“A lot of short positions were built up during the past few days and one possible explanation is that people today covered quite a few of these. Still, this rally came quite unexpected,” said Jagannadham Thunuguntla, equity head at SMC Capitals.
Bombay News Apr 11, 2009 Markets Climb Higher, Key Indices Up 4 PercentJagannadham Thunuguntla
“This was an encouraging week but one should now be careful at this level as markets are now at the higher side of the safe zone, which was 8,000-10,000 points,” said Jagannadham Thunuguntla, equity head at SMC Capitals.
“Buying at this level does have higher short-term risks, but there are quite a few scrips that can give you long-term returns,” he added.
India's News May 22, 2009 Key Indian Market Index Has Steepest Jump In 17 YearsJagannadham Thunuguntla
"Markets were clearly excited by the smooth manner in which the Congress-led coalition regained power. Investors know the allies won't be able to arm-twist the government as they had done in the past," said SMC Capitals equity head Jagannadham Thunuguntla.
SME Times August 1, 2009 Corporate India, Global Cues Push Sensex To 13 Month...Jagannadham Thunuguntla
'Positive results by corporates is proof that the economy is on the verge of a turnaround. This will continue to help the markets gain momentum,' said Jagannadham Thunuguntla, equity head at SMC Capitals.
AOL News August 1, 2009 Corporate India, Global Cues Push Sensex To 13 Month ...Jagannadham Thunuguntla
'Positive results by corporates is proof that the economy is on the verge of a turnaround. This will continue to help the markets gain momentum,' said Jagannadham Thunuguntla, equity head at SMC Capitals.
India Forums August 1, 2009 Corporate India, Global Cues Push Sensex To 13 Mo...Jagannadham Thunuguntla
'Positive results by corporates is proof that the economy is on the verge of a turnaround. This will continue to help the markets gain momentum,' said Jagannadham Thunuguntla, equity head at SMC Capitals.
Sify News August 1, 2009 Corporate India, Global Cues Push Sensex To 13 Month...Jagannadham Thunuguntla
'Positive results by corporates is proof that the economy is on the verge of a turnaround. This will continue to help the markets gain momentum,' said Jagannadham Thunuguntla, equity head at SMC Capitals.
Latest News August 1, 2009 Corporate India, Global Cues Push Sensex To 13 Mon...Jagannadham Thunuguntla
'Positive results by corporates is proof that the economy is on the verge of a turnaround. This will continue to help the markets gain momentum,' said Jagannadham Thunuguntla, equity head at SMC Capitals.
Similar to New Kerala May 16, 2009 Markets Move Up Brushing Aside Poll Result Fears (17)
New Kerala May 16, 2009 Markets Move Up Brushing Aside Poll Result Fears
1. Markets move up brushing aside poll result fears
May 16th, 2009 - 4:51 am EST
Mumbai, May 16 (IANS) Indian markets crawled upwards this week brushing off fears of
political uncertainty, with a key index gaining over 300 points.
The 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE) ended the week at
12,173.42 points, a gain of 2.5 percent or 296.99 points over the previous week’s close of
11,876.43 points.
The S&P CNX Nifty of the National Stock Exchange (NSE) too followed the Sensex, registering
a 1.4 percent increase from its last close to end at 3,671.65 points.
“Markets absorbed the uncertainty earlier in the week, but regained confidence later and some
good valuations also helped. Global markets have been in an uptrend, which was also helpful,”
said Jagannadham Thunuguntla, equity head at SMC Capitals.
The Sensex hit an intra-week high of 12,173.42 points and low of 11,876.43, while the Nifty hit
an intra-week high of 3,709.6 points and low of 3,554.6.
Broader market indices also ended the week on a high, with the BSE midcap index closing 0.97
percent higher than its previous weekly close, while the BSE smallcap index was up 2.34
percent.
With poll results coming in Saturday, it is clear that the present United Progressive Alliance
(UPA) government will get a new term, which most analysts agree is very good news.
“There certainly will be a bounce when markets open Monday, even though they will have time
to absorb the news,” said Thunuguntla.
“The new government will be expected to continue with economic reforms and try put the
economy back on track.”
The Sensex slipped 193 points Monday after opening on a positive note. It lost 193.44 points or
1.63 percent from its previous close to end trade at 11,682.99 points.
Similarly, the Nifty lost 1.83 percent to close at 3,554.6 points.
2. The Sensex Tuesday rose over 475 points from its last closing figure to breach the 12,000-point
mark at day-end. Banking and IT stocks led the rally. It went up 4.07 percent from Monday’s
close to end trade at 12,158.03 points.
The Nifty gained 3.56 percent to close at 3,681.1 points.
Markets turned edgy Wednesday ahead of the exit polls for the parliamentary elections, with the
Sensex losing 138 points to close at 12,019.65 points.
The Nifty shed 1.4 percent to close at 3,629.45 points.
Nervousness over poll results again gripped, inducing the Sensex to shut shop Thursday 146
points or 1.22 percent lower at 11,872.91 points.
The Nifty lost 0.97 percent to close at 3,600.15 points.
Markets finally brushed aside poll predictions that suggested a hung parliament with the Sensex
regaining 300 points or 2.5 percent Friday. It closed at 12,173.42 points.
Similarly, the S&P Nifty gained 2.18 percent to close at 3,671.65 points.
Data with the market watchdog, Securities and Exchange Board of India (SEBI), showed foreign
funds were net buyer this week having lapped up scrips worth ($1.15 billion) $1147.2 million.
The top gainers in the Sensex were Ranbaxy Labs (up 11.9 percent), HDFC (up 11.6 percent),
ICICI Bank (up 10.4 percent), DLF (up 7.2 percent) and Reliance Infrastructure (up 6.7 percent).
Among losers were ONGC (down 7.9 percent), Hindustan Unilever (down 3.8 percent), Tata
Steel (down 3.7 percent), Reliance Power (down 3.1 percent) and Tata Motors (down 1.3
percent).