Expert Zone

India Markets Weekahead: Time to start buying again

March 13, 2016

A screen displaying  Finance Minister Arun Jaitley presenting the budget is seen on a facade of the Bombay Stock Exchange (BSE) building in Mumbai, India, February 29, 2016. REUTERS/Danish Siddiqui

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

India Markets Weekahead: Use gains to reshuffle portfolio

March 6, 2016

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

A confluence of positive factors, both global and local, led to a sharp rally in Indian stocks. The budget did not have anything positive for markets but it put to rest fears of re-introduction of a long-term capital gains tax which was worrying investors for the past month. From the panic lows of 6,850 on budget day, the Nifty rallied to end the week almost 6.5 percent higher.

Is India’s budget math for real?

March 4, 2016

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

Ever since India’s budget was announced on February 29, we have repeatedly been asked three main questions. The common thread underlying them is a very legitimate query: How is the government planning to do all the proposed spending while remaining fiscally disciplined? Or, alternatively, is the government really going to spend all that money?

Budget 2016: Hopes of market bounceback fizzle out

March 1, 2016

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

The wild gyrations in the stock market on Budget day were due to initial disapproval over inadequate measures taken to recapitalise banks and the seemingly unfair corporate tax treatment for large firms that form the bulk of market capitalisation.

Budget 2016: Boost internet infrastructure, digital transaction

February 24, 2016
Photographers take pictures of Apple's new laptop "Macbook Air" during its launch in India at a function in Mumbai February 12, 2008. "Macbook Air", which is priced from INR 96,100 (around $2,450), is the  world's thinnest notebook, according to an Apple press release. REUTERS/Arko Datta (INDIA) - RTR1WZNR

Photographers take pictures of Apple’s laptop “Macbook Air” during its launch in India at a function in Mumbai February 12, 2008. REUTERS/Arko Datta/Files

India Markets Weekahead: Downside limited, get ready to nibble in

February 21, 2016

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

People watch a large screen displaying India's benchmark share index on the facade of the Bombay Stock Exchange (BSE) building in Mumbai, India, January 20, 2016. REUTERS/Shailesh Andrade

A spirited rally saw India’s main indexes gaining 3 percent for the week, their biggest weekly gain in 2016. The Nifty managed to close above the 7,200 mark despite stiff resistance even as the rupee hit 52-week lows against the dollar. FIIs continued to sell to the tune of $357.43 million.

Budget 2016: Quality vs Quantity – don’t ignore the states

February 16, 2016

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

India and China key partners in keeping Afghanistan stable

February 15, 2016

A U.S. soldier from the 3rd Cavalry Regiment shields himself from the rotor wash of a UH-60 Blackhawk helicopter after being dropped off for a mission with the Afghan police near Jalalabad in the Nangarhar province of Afghanistan December 20, 2014. REUTERS/Lucas Jackson/Files

India Markets Weekahead: Hope rally ends, but not the India story

February 14, 2016

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

When markets came crashing down last week, it seemed like January 2008 all over again. A global rout, alarming slippages by public sector banks and disastrous corporate Q3 results pushed the Nifty down 6.8 percent, with mid- and small-cap stocks taking the brunt of the selloff. The triggering of margin calls also accentuated selling pressure and it seemed a number of long-term investors were throwing in the towel as the Nifty closed at 6,980.
Bombay Stock Exchange building is pictured next to police van in MumbaiSentiments across the globe dampened after the Federal Reserve said global economic turmoil and a massive selloff in equity markets could spook the U.S. economy. Crude touched a 12-year low on fears of higher stockpiles. The stock market risk-off resulted in a gold rally of 18 percent this year, driving prices to a high of $1,247 an ounce. Meanwhile, foreign portfolio investors pressed the sell button, offloading stocks worth $413 million. Support from domestic institutional investors was ineffective with shares worth $258 million bought during the week.

India Markets Weekahead: Wait for market consolidation

February 7, 2016

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

A gap-up on Thursday and a follow-up rally on Friday helped the Nifty move closer to the crucial 7,500 mark in what was a highly volatile week. Following a recovery in global stocks triggered by reduced expectations of further U.S. Fed rate hikes this calendar year, the index managed to recoup its intra-week losses.