Returns by PSUs in the past five years have more than doubled, while their private-sector peers handed in just close to 4 percent in the same period..says Jagannadham Thunuguntla
"As far as I can remember this is the largest fall in percentage terms in recent history," said Jagannadham Thunuguntla, head of the capital markets arm of India's fourth largest share brokerage firm, the Delhi-based SMC Group.
"Low fees for the public sector deals could be one of the reasons for the poor performance of these issues," said Jagannadham Thunuguntla, head of equities at SMC Capitals.
Sakal Times Oct 24, 2008 Sensex In Steepest Ever Fall, Sheds 1,070 PointsJagannadham Thunuguntla
“As far as I can remember this is the steepest fall ever in the history of the BSE in both points and percentage terms,” said Jagannadham Thunuguntla, head of the capital markets arm of India’s fourth largest share brokerage firm, the Delhi-based SMC Group.
Bombay News Feb 16, 2009 Status Quo On Tax Rates In Indias High Deficit Mini ...Jagannadham Thunuguntla
“The message is loud and clear,” said Jagannadham Thunuguntla, chief executive of SMC Group, a brokerage firm based here. “The government seems to be saying that it has done as much as it could and there is no headroom left and has pretty much left corporates to fend for themselves.”
The Peninsula June 24, 2009 Sensex Closes Flat, Most Of Day’S Losses Recouped...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.
Prokerala June 24, 2009 Sensex Closes Flat, Most Of Day’S Losses Recouped (Ro...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.
The India Star Oct 24, 2008 Sensex In Steepest Ever Fall, Sheds 1,070 PointsJagannadham Thunuguntla
The Indian stock market suffered its worst single-day fall in history on Friday, with the benchmark Sensex index plunging over 10% to close at 8,701.07 points, down 1,070 points. The fall was attributed to widespread selling by foreign institutional investors due to the ongoing global liquidity crisis and the appreciation of the yen against the dollar. Analysts warned that the negative sentiment and volatility in global markets could continue to impact Indian equities for an extended period and that a full recovery may take 3-4 years. The RBI was criticized by some for not cutting rates to boost liquidity, though others felt this was prudent given inflationary risks.
“The Infosys numbers have set the tone for the IT sector. The numbers posted by the sector for the third quarter of financial year 2009-10 are encouraging and even the guidance is optimistic. The analysis shows that revenue visibility has gone up,” said Jagannadham Thunuguntla, head of research at SMC Capitals
"As far as I can remember this is the largest fall in percentage terms in recent history," said Jagannadham Thunuguntla, head of the capital markets arm of India's fourth largest share brokerage firm, the Delhi-based SMC Group.
"Low fees for the public sector deals could be one of the reasons for the poor performance of these issues," said Jagannadham Thunuguntla, head of equities at SMC Capitals.
Sakal Times Oct 24, 2008 Sensex In Steepest Ever Fall, Sheds 1,070 PointsJagannadham Thunuguntla
“As far as I can remember this is the steepest fall ever in the history of the BSE in both points and percentage terms,” said Jagannadham Thunuguntla, head of the capital markets arm of India’s fourth largest share brokerage firm, the Delhi-based SMC Group.
Bombay News Feb 16, 2009 Status Quo On Tax Rates In Indias High Deficit Mini ...Jagannadham Thunuguntla
“The message is loud and clear,” said Jagannadham Thunuguntla, chief executive of SMC Group, a brokerage firm based here. “The government seems to be saying that it has done as much as it could and there is no headroom left and has pretty much left corporates to fend for themselves.”
The Peninsula June 24, 2009 Sensex Closes Flat, Most Of Day’S Losses Recouped...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.
Prokerala June 24, 2009 Sensex Closes Flat, Most Of Day’S Losses Recouped (Ro...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.
The India Star Oct 24, 2008 Sensex In Steepest Ever Fall, Sheds 1,070 PointsJagannadham Thunuguntla
The Indian stock market suffered its worst single-day fall in history on Friday, with the benchmark Sensex index plunging over 10% to close at 8,701.07 points, down 1,070 points. The fall was attributed to widespread selling by foreign institutional investors due to the ongoing global liquidity crisis and the appreciation of the yen against the dollar. Analysts warned that the negative sentiment and volatility in global markets could continue to impact Indian equities for an extended period and that a full recovery may take 3-4 years. The RBI was criticized by some for not cutting rates to boost liquidity, though others felt this was prudent given inflationary risks.
“The Infosys numbers have set the tone for the IT sector. The numbers posted by the sector for the third quarter of financial year 2009-10 are encouraging and even the guidance is optimistic. The analysis shows that revenue visibility has gone up,” said Jagannadham Thunuguntla, head of research at SMC Capitals