Security clearance by attorney general a positive news: Hemindra Hazari on Sun TV

In a chat with ET Now, market expert Hemindra Hazari shares his view on Sun TV. On Friday, the attorney general Mukul Rohatgi said that the government should grant security clearance to the broadcast Sun TV’s 33 television channels.

ET Now: What is your view on Sun TV? Some relief came in last after attorney general said that he has given a go ahead and apparently his opinion does carry a lot of weightage. The counter saw nice short coverings-led move. Would you still buy into the story because again it is still murky, grey?

Hemindra Hazari: It was a major relief because it was really not just grey; it was a dark period for Sun TV. This shows that this government really does not know what one arm is doing. If one arm seems to be playing across purposes with the other arm, it is a major positive for Sun TV because its entire licence was on stake amid credibility issue. Thus, it is positive news there.