The market is holding on to its gains. The Sensex is trading above the 19,000 mark, at 19,090, up 319 points from the previous close. Nifty is at 5672, up 103 points. BSE Midcap index is up over 2% and Smallcap index is up over 1.8%. All BSE sectoral indices are trading higher. Market breadth is strong, with 896 advances against 231 declines on the NSE.
With new P-Note regulations, the market will see long-term money coming in and a steadier upmove, says Nirmal Jain, Chairman and MD of India Infoline, on CNBC-TV18. Reckless inflow of FII money will be checked now, he says. FIIs and retail investors will be more active now, compared to the hedge funds, he says. There will be a lot of PN holders and even hedge funds, registering as FIIs now, he adds
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