Expert Zone

India Markets Weekahead: Stocks may continue to rise

September 4, 2016

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

Markets led by large-caps conquered Nifty 8,800 levels after a gap of 18 months. Measures announced by the government to revive the construction sector boosted sentiment, while disappointing GDP numbers were shrugged off by investors as a revival in growth is seen on the back of a good monsoon and an expected boost in consumption due to a hike in the pay of current and former government employees.

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 Weekahead: Markets will look for global cues

June 5, 2016

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

A broker monitors share prices at a brokerage firm in Mumbai

Indian markets continued to consolidate and the Nifty ended the week 0.7 percent higher on the back of strong GDP growth numbers and above normal monsoon forecast. However, weak manufacturing and services data capped gains. Brent crude ended at $48 a barrel for the week while the rupee remained flat. FIIs were net buyers to the tune of $387 million.

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.