Expert Zone

India Markets Weekahead: Bulls back on track, buy on dips

March 20, 2016

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

Markets consolidated during the week and at one point threatened to break Nifty 7,400 levels. But the index rallied to close above 7,600 points, up 1.25 percent for the week. The gains were part of an Asian rally triggered by a strengthening of regional currencies against the dollar.

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?

Markets Yearahead – Spotlight to be on India in 2016

December 27, 2015

(Any opinions expressed here are those of the author and not of Thomson Reuters)
The Bombay Stock Exchange (BSE) building is pictured next to a police van in Mumbai, India, August 24, 2015. REUTERS/Danish Siddiqui/Files

India Markets Weekahead: Mid-caps will be in action amid consolidation

September 20, 2015

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

A trader works underneath a television screen showing Federal Reserve Chair Janet Yellen announcing that the Federal Reserve will leave interest rates unchanged on the floor of the New York Stock Exchange in New York September 17, 2015.  REUTERS/Lucas Jackson  The U.S. Federal Reserve’s decision to hold rates came as a relief for Asian markets, especially in India where the Nifty ended the week at 7,982, or 2.5 percent higher. However, U.S. and European markets corrected sharply on Friday due to Fed chief Janet Yellen’s comments over China’s economic slowdown.

India Markets Weekahead: Testing times ahead as fear engulfs markets

September 6, 2015

(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. REUTERS/Danish Siddiqui Markets had their worst weekly fall in about four years with the Nifty closing at a 13-month low of 7,655 amid weak global cues and disappointing domestic data. Even the government’s decision to waive retrospective imposition of a minimum alternative tax (MAT) affecting foreign funds failed to lift investor sentiments. Foreign portfolio investors continued to sell heavily, resulting in net outflow of $470 million.

As China slows, India has what it takes provided it strengthens defences

August 27, 2015

There is a complex web of interconnectedness between a slowing China, a recovering India, a restless exchange rate, and elusive exports. However, as we parse through these, a single message emerges – structural reforms to strengthen domestic markets may more than offset possible disruptions caused by an economic slowdown in China.

Markets Weekahead: Volatility to continue

July 12, 2015

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

India’s growth outlook keeps getting better

December 8, 2014

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

Where the growth in Q1 came from

September 1, 2014

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

GA man walks his cow under high-tension power lines leading from a Tata Power sub station in Mumbai's suburbs February 10, 2013. REUTERS/Vivek Prakash/FilesDP growth of 5.7 percent in the April-June quarter was unexpected in view of the southward drift of India’s economy over the past two years. No wonder it pepped up the Bharatiya Janata Party-led government at a time when the ruling coalition is listing its achievements after 100 days in office. The question is where this growth came from and whether it will be sustained in future.