Expert Zone

Straight from the Specialists

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.

The Reserve Bank of India (RBI) reduced the cash reserve ratio by 25 bps and left the repo rate unchanged at its policy review, disappointing markets which had been eyeing 5600 levels on Tuesday.

Another bout of weakness followed the next day before the market staged a recovery.

March 2011 earnings preview: Another solid quarter

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

March 2011 retrospective in summary

    People walk pass the Bombay Stock Exchange (BSE) building September 30, 2009. REUTERS/Punit Paranjpe/FilesMSCI India outperformed the global indices for the first time in March 2011. In March, India emerged as the second best-performing market (after Korea) in the world. Although, year-to-date and on a six-month basis, India’s ranking is still among the bottom five (at 17th position) in emerging markets. Mid-caps and small-caps underperformed the Sensex for the fifth month in a row. Telecoms and consumer staples were the best- and worst-performing sectors, respectively. FIIs turned buyers of stocks. Domestic mutual funds remained buyers for the fourth consecutive month even as insurances companies turned sellers of stocks. Breadth gained 20 percent during the month. Volatility reached its highest level since Nov 2009.

FY 2011 thus far: key highlights

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