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from India Insight:

Book Talk – Ten years on, Chetan Bhagat says better prepared to face critics

Love him or hate him, you cannot ignore him. If you're in India, the chances are that there's at least one of his novels on your bookshelf or one of his columns in the newspaper in front of you on the table. If you still haven't escaped from him, there are tons of interviews lately like this one showing up in front of you.

Once dismissed as persona non grata by literary critics for being a non-writer, Chetan Bhagat is India’s bestselling author to date, according to his publisher.

Through his plain prose, the banker-turned-writer has touched India’s young people, who see echoes of their lives in his stories of campus life, call centres, cricket, entrepreneurship, communal violence, inter-caste marriage, and love.

Ten years on as a professional writer, Bhagat, 40, says he is better prepared to face criticism. “I can dispassionately talk about it. It cannot bother me enough to disrupt me. But in the initial stages there were real moments of doubt,” he told India Insight ahead of his latest book’s launch in Delhi.

from Expert Zone:

India Markets Weekahead: Time to lighten commitments as extended honeymoon almost over

(Any opinions expressed here are those of the author and not of Thomson Reuters)

The past week was one of the most eventful post the general elections, and the action continued till Saturday with a landmark speech by Prime Minister Narendra Modi at the U.N. General Assembly and Tamil Nadu Chief Minister Jayalalithaa Jayaram being sentenced to four years in jail in a corruption case. Markets were volatile and the Nifty closed the week at 7,968, down 2 percent despite a recovery on Friday.

The week started on a positive note but weaker European manufacturing data and concerns about growth in China led the markets to crack.  The Supreme Court’s decision to charge a penalty as well as deallocate almost all coal blocks awarded since 1993 led to another bout of selling in power, metal and banking stocks.

from Expert Zone:

China’s WMD cooperation with Pakistan looms over Xi-Modi talks

(Any opinions expressed here are those of the author and not necessarily those of Thomson Reuters)

The visit of Chinese President Xi Jinping to India and his meeting with Indian Prime Minister  Narendra Modi this week has elicited considerable positive interest in both countries. It has the potential to recast the uneasy Asian strategic framework, and by extension the relations of emerging global powers that are currently clouded by acrimony and mutual mistrust.

from Expert Zone:

India Markets Weekahead: Continue pruning your portfolio

(Any opinions expressed here are those of the author and not necessarily those of Thomson Reuters)

Markets began the week on an optimistic note with the Nifty touching a new high of 8,178 but fatigue was noticeable in frontline stocks as action shifted to the mid- and small-caps.

from Expert Zone:

Where the growth in Q1 came from

(Any opinions expressed here are those of the author and not of Thomson Reuters)

GA man walks his cow under high-tension power lines leading from a Tata Power sub station in Mumbai's suburbs February 10, 2013. REUTERS/Vivek Prakash/FilesDP growth of 5.7 percent in the April-June quarter was unexpected in view of the southward drift of India’s economy over the past two years. No wonder it pepped up the Bharatiya Janata Party-led government at a time when the ruling coalition is listing its achievements after 100 days in office. The question is where this growth came from and whether it will be sustained in future.

India’s economy has been slowing after achieving 9 percent growth three years ago. That was because the Congress-led government failed to fuel the economy. The absence of policy reforms, paralytic governance - combined with persistent inflation - discouraged investment. Growth tapered to 4.7 percent last year.

from Expert Zone:

India Markets Weekahead: Time to prune positions in an extended honeymoon

(Any opinions expressed here are those of the author and not of Thomson Reuters)

The Nifty closed at a new closing high of 7,954 amid volatility in an eventful week that started with the Supreme Court ruling that the allocation of more than 200 coal blocks over the past two decades was illegal.

With nearly 3 trillion rupees at stake, this had a direct effect on the metals and power sector. It also affected banking, which has exposure to the two sectors.

from Expert Zone:

India Markets Weekahead: ‎Tough for the Nifty to break out of its range

(Any opinions expressed here are those of the author and not of Thomson Reuters)

The Nifty continued its upward trajectory to close at a two-week high of 7,792 in a holiday-truncated week. However, this optimism was not reflected in the broader market, especially the mid caps and small caps.

Among the sectors, public sector banks, realty, infrastructure and capital goods, which led the rally earlier, have underperformed in the last few weeks whereas defensives such as FMCG, pharma and IT stood out, an irony when markets are close to a record high.

from Expert Zone:

How high will the Sensex go?

(Any opinions expressed here are those of the author and not of Thomson Reuters)

A bronze bull sculpture is seen as an employee walks out of the Bombay Stock Exchange building in MumbaiSince April, the stock market has been in a frenzy after a long period of utter gloom. In quick succession, the Sensex jumped month after month to cross 26,000 on July 7. This was not mere euphoria created by the election of the Narendra Modi government, with a single-party majority in the Lok Sabha after a long time.

from Expert Zone:

India Markets Weekahead: Tough for Nifty to climb above 7,800

(Any opinions expressed here are those of the author and not of Thomson Reuters)

Indian markets were unaffected by the week's international developments, with some help from encouraging domestic macro data and a pep talk by Finance Minister Arun Jaitley in post-budget discussions.

The Nifty recovered from the previous week's losses, closing 2.67 percent up at 7664. Positive IIP data was followed by benign inflation at 5.43 percent, a four-month low. Monsoon rains, which had been playing truant, recovered substantially with the deficit shrinking to 15 percent below average last week and covering the entire country.

from Expert Zone:

Budget strikes the right chord on reviving investment

(Any opinions expressed here are those of the author and not of Thomson Reuters)

Finance Minister Arun Jaitley (C) poses as he leaves his office to present the federal budget for the 2014/15 fiscal year, in New Delhi July 10, 2014. REUTERS/StringerPatient, consistent baseline play rather than aggressive serve and volley -- that about sums up the Narendra Modi-led government’s maiden budget.

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