Record high Nifty premium may snuff out market rally
Posted 6:02 PM by Ambalal Solanki in Labels: arbitrage, equity market, ipo, money, Multi Commodity Exchange, premium, record high niftyA decline in arbitrage activity and a falling equity market have widened the premium between the Nifty spot index and futures to record highs.
Arbitrageurs, who crack deals on borrowed money to profit from such price differences, have kept away this time as they find it difficult to access cheap money. In addition, funding of primary market issuances such as Multi Commodity Exchange has temporarily sucked out cash from the system.
Arbitrageurs, who crack deals on borrowed money to profit from such price differences, have kept away this time as they find it difficult to access cheap money. In addition, funding of primary market issuances such as Multi Commodity Exchange has temporarily sucked out cash from the system.
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