from Expert Zone:

India Markets Weekahead: Overdue for correction

August 20, 2016

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

Markets in India continued to see consolidation for the sixth week in a row. Mid-cap and small-cap indexes outperformed the benchmark, gaining more than 2 percent for the week. The lack of triggers and an earnings season in line with expectations has led to markets trading sideways for the past few weeks. The rupee ended the week at 67.05 per dollar.

from Expert Zone:

India Markets Weekahead: Range-bound due to lack of triggers

August 13, 2016

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

A spirited rally on Friday ensured that the Nifty closed flat in a week marked by indecisiveness. With the Goods and Services Tax (GST) bill out of the way, market participants were left with no immediate near-term triggers. RBI Governor Raghuram Rajan’s last policy review had little impact on markets, as most had expected him to maintain status quo.

from Expert Zone:

India Markets Weekahead: Continue to book profits and wait for a healthy correction

August 7, 2016

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

A man looks at a screen displaying news of markets update inside the Bombay Stock Exchange building in Mumbai

The passage of the goods and services tax (GST) bill in the Rajya Sabha was already factored in by markets, which explains the lack of stock movement after the landmark event. We instead saw profit-booking before a late recovery due to a policy rate cut by the Bank of England and hopes of an RBI rate cut. The Nifty gained 0.5 percent for the week while the Sensex ended flat. FIIs were net buyers to the tune of $376 million.

from Expert Zone:

India Markets Weekahead: Parliament holds the key

July 17, 2016

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

The Indian parliament building is pictured behind marigold flowers in New DelhiThe Nifty rallied past the psychological mark of 8,500 for the first time in 11 months to close at 8,541. Global markets were buoyed by better-than-expected U.S. jobs data and cheered the victory of Japan’s ruling coalition in the upper house election. PM Shinzo Abe is expected to unveil a fresh stimulus package to help the country’s stagnant economy.

from Expert Zone:

India Markets Weekahead: Book partial profits and stay cautious

July 10, 2016

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

A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai, India, August 24, 2015. India's benchmark BSE index fell more than 5 percent on Monday to their lowest in a year, as a rout in Chinese equities sparked widespread unrest in global financial markets. REUTERS/Danish Siddiqui - RTX1PEZF

A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai, August 24, 2015. REUTERS/Danish Siddiqui/Files

from Expert Zone:

India Markets Weekahead: Nifty set to move higher

July 3, 2016

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

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File Photo: A stock broker looks at a terminal while trading at a stock brokerage firm in Mumbai

from Expert Zone:

India Weekahead: Markets will look for global cues

June 5, 2016

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

A broker monitors share prices at a brokerage firm in Mumbai

Indian markets continued to consolidate and the Nifty ended the week 0.7 percent higher on the back of strong GDP growth numbers and above normal monsoon forecast. However, weak manufacturing and services data capped gains. Brent crude ended at $48 a barrel for the week while the rupee remained flat. FIIs were net buyers to the tune of $387 million.

from Expert Zone:

India Markets Weekahead: Take some profits off the table

May 29, 2016

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

A broker laughs while speaking to a colleague, as they trade on their computer terminals at a stock brokerage firm in Mumbai, March 4, 2015. REUTERS/Shailesh Andrade/Files

A broker laughs while speaking to a colleague, as they trade on their computer terminals at a stock brokerage firm in Mumbai, March 4, 2015. REUTERS/Shailesh Andrade/Files

from Expert Zone:

India Markets Weekahead: Time to deploy cash

May 22, 2016

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

Markets corrected in a volatile week on fears of a rate hike by the U.S. Fed as early as next month. The Nifty closed down 0.83 percent for the week at 7,750. Sentiment was also affected by SEBI’s decision to introduce tighter norms for P-Notes leading to concerns about future foreign equity inflows.

from Expert Zone:

India Markets Weekahead: Nifty at 8,000 – the wait just got a little longer

May 15, 2016

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

The 8,000 mark remained elusive for the Nifty, although the index managed to gain 1 percent during the week despite Friday’s fall. Investors had initially cheered passage of the new bankruptcy law in parliament, but concerns arising over amendments to the country’s tax treaty with Mauritius weighed on bourses. Dismal headline inflation and industrial production numbers worsened sentiments. FIIs continued to be net buyers of shares to the tune of $89.53 million during the week.