dkishore
13-03-2008, 07:00 AM
ICICI Bank shares rallied 3% on Wednesday amid volatile market conditions to close at Rs 880. The stock has been under pressure since the company disclosed fresh mark-to-market losses in its credit derivatives trades, last week. Bargain buyers have begun showing up at the counter, hoping that the worst may be over.
But that view is not shared by the Old Fox, who is reported to be steadily building short positions at the counter. He is reported to be betting on the flow of bad news not yet being over.
But that view is not shared by the Old Fox, who is reported to be steadily building short positions at the counter. He is reported to be betting on the flow of bad news not yet being over.