Expert Zone

India Markets Weekahead: Wait for a correction

August 28, 2016

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

Markets remained sideways in the absence of any major trigger and the Nifty ended the week lower by 1 percent at 8,592. The index failed to breach the 8,700-8,750 band yet again as caution prevailed ahead of a speech by Fed Chair Janet Yellen, who told a global monetary policy conference after Indian markets closed on Friday that the case for a rate increase in the U.S. had grown stronger.

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.

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.

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.

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.

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

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) RTXAOKG.jpg

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

India Markets Weekahead: Brexit – good time to invest in stocks

June 25, 2016

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

For stock markets, it’s always “expect the unexpected”. Most opinion polls on Britain’s EU referendum had been pointing towards a “Remain”, helping global markets rally mid-week with the Nifty touching a high of 8,270.

India Markets Weekahead: RajanExit bigger jolt than Brexit

June 18, 2016

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

In a letter to staff, Raghuram Rajan has ruled out a second term, ending speculation over his continuing as RBI governor when his term ends in September. This is bound to shake market sentiment when it opens on Monday.

India Markets Weekahead: Global risks could dominate

June 11, 2016

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

The Nifty did not cross the 8,300 level despite early momentum, as negative cues from global markets and a rebound in crude oil prices dented sentiment this week. The index oscillated in the 8,150 – 8,300 range to settle at the lower end of the band, down 0.6 percent.