Expert Zone

Straight from the Specialists

Nifty to consolidate after crossing psychological barrier of 6000

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High drama in parliament and volatility in the markets, albeit within a tight range, summarizes the action for the week.

Most in the analyst fraternity including myself expected the Nifty to cross the psychological barrier of 6000 after the FDI vote in parliament, but markets defied consensus once again and ended up a paltry 0.4 percent for the week at 5907.

FDI in retail is only a sentimental booster and is not expected bring in a gush of overseas funds in the sector, especially the listed entities. Implementing FDI in retail will be a state subject and even those states ruled by parties indirectly supporting the cause may find it politically difficult to introduce the measure. Secondly, the current term of the UPA government ends in 18 months, which will make foreign investors wary of investing immediately.

The mood continues to be cautiously upbeat for upcoming bills in parliament, especially the ones having direct implication on the financial markets such as pension, banking regulation, microfinance and insurance.

India Markets Weekahead – An opportunity to ride the rally

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(The views expressed in this column are the author’s own and do not represent those of Reuters)

It was a stupendous week with 4.5 percent gain and the closing at 5879, the highest point for Nifty in 19 months. The week started with positive international cues of a Greek bailout, and was further strengthened with Moody’s confirmation of a stable rating for India.

India Markets Weekahead – It’s a no trade zone for now

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(The views expressed in this column are the author’s own and do not represent those of Reuters)

Indian markets were in a narrow Nifty band of 5550-5650 last week but volatility kept market participants on tenterhooks.

India Market Weekahead: Trading subdued but markets back on track

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(The views expressed in this column are the author’s own and do not represent those of Reuters)

Last week was a volatile one with the stock market poised for a surge but the Nifty eventually closed in the red with a loss of 0.20 percent at 5686.

India Market Weekahead: Buy on dips with no roadblocks till budget

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(The views expressed in this column are the author’s own and do not represent those of Reuters)

There wasn’t much point-to-point movement on the Nifty but it was not a listless week by any standard.

India Markets Weekahead: RBI policy review to be catalyst for markets

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(The views expressed in this column are the author’s own and do not represent those of Reuters)

This was a listless week with the Nifty in the same band of 5640 and 5720 as the previous week, closing about 20 points lower at 5664. The festival  season has begun but the mood on the street remains cautious.

India market weekahead: Consolidation seen, earnings in focus

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(The views expressed in this column are the author’s own and do not represent those of Reuters)

October has been touted as a difficult month for stocks, though for the Indian markets there didn’t seem to be anything stopping the repeat show of October 2011 until the flash crash on 5th.

Temporary market correction an opportunity to buy

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(The views expressed in this column are the author’s own and do not represent those of Reuters)

Opposition party protests against the UPA coalition government’s economic reforms could not puncture market sentiment in the past four weeks. One domestic brokerage house dealer’s “fat finger” did it in just a few seconds.

Markets Weekahead: Watch out for Nifty levels of 5,900, mid-cap shares to shine

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(The views expressed in this column are the author’s own and do not represent those of Reuters)

The week was expected to be volatile with a possibility of a minor correction but turned out to be one of consolidation. The Nifty closed at 5,703, higher by 12 points, its fourth straight week of gains. Indian markets have been among the best performing ones with gains of 8.46 pct in September. FIIs continued to pour in with last week’s tally at $1.42 billion.

QE3 could boost Nifty to 5,550-5,600 in the short term

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(The views expressed in this column are the author’s own and do not represent those of Reuters)

Indian markets have been buoyant since the European Central Bank’s decision on the unlimited sovereign bond buying program announced last week and the German Constitutional Court’s nod on Wednesday for the same.

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