The decision of the Securities and Exchange Board of India to keep stock markets open on Friday has come at the right time, say market entities. "Some unwinding of positions had already started happening from brokers in the run-up to the expiry on Thursday. Now, with markets open this Saturday, brokers will be more confident on Monday," said a leading broker. A high volatility is expected in the coming week and the broker says even the smartest market guru will have a tough time predicting the outcome.
Joydeep Ghosh
Silent no more
Many blogs that offered investment advice had gone silent after the announcement of the new research analyst regulations. They were said to be awaiting clarity on the new rules. Nothing has changed in the past few months but these have begun to pipe up with recommendations once again. Clearly, a rising market makes it difficult to stay away.
Sachin Mampatta
A good way to invest
Recently, the head of a mutual fund house was surprised to get a mail from his asset management company, saying he was getting a dividend of Rs 34,000. Upset with the mistake, he called the team concerned and fired them for sending mails to investors who had not even invested in the scheme. Within an hour, the team came back to say he had indeed invested Rs 1 lakh in a pharma scheme three-and-a-half years earlier. The value of the investment is Rs 3 lakh now. Last heard, the chief executive officer is advising people this is how one should invest: "Just invest in a good scheme and forget about it." The team is, however, not impressed.
Joydeep Ghosh
