Expert Zone

India Markets Weekahead: All eyes on RBI

September 25, 2016

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

A police officer stands guard in front of the RBI head office in Mumbai

The Nifty gained 0.6 percent during the week to end at 8,831, in line with strength in global indexes after risk appetite improved on the Fed’s policy decision. Mid-cap and small-cap indexes outperformed their larger peers, gaining 2 percent and 1.5 percent respectively, and FIIs were net buyers to the tune of $445 million. The rupee rose to close at 66.6 against the dollar.

India Markets Weekahead: Volatile days ahead

September 18, 2016

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

A volatile trading week left investors confused on the direction of markets, and the Nifty ended almost 1 percent lower at 8,780. FIIs were net sellers to the tune of $106 million during the week.

India Markets Weekahead: Book profits at every opportunity

September 11, 2016

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

A volatile week saw the Nifty surging on Tuesday after weak U.S. jobs data, with liquidity gushing in for the next two days followed by a correction on Friday after the ECB left policy rates unchanged. The decision gives room for the U.S. Fed to consider raising interest rates in the near term, which is likely to hit inflows to emerging markets like India. North Korea’s nuclear test also seemed to rattle sentiment. The Nifty finally closed at 8,866, up about 0.7 percent.

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: Overdue for correction

August 20, 2016

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

Markets in India continued to see consolidation for the sixth week in a row. Mid-cap and small-cap indexes outperformed the benchmark, gaining more than 2 percent for the week. The lack of triggers and an earnings season in line with expectations has led to markets trading sideways for the past few weeks. The rupee ended the week at 67.05 per dollar.

India Markets Weekahead: Brexit – good time to invest in stocks

June 25, 2016

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

For stock markets, it’s always “expect the unexpected”. Most opinion polls on Britain’s EU referendum had been pointing towards a “Remain”, helping global markets rally mid-week with the Nifty touching a high of 8,270.

India Markets Weekahead: RajanExit bigger jolt than Brexit

June 18, 2016

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

In a letter to staff, Raghuram Rajan has ruled out a second term, ending speculation over his continuing as RBI governor when his term ends in September. This is bound to shake market sentiment when it opens on Monday.

India Markets Weekahead: Global risks could dominate

June 11, 2016

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

The Nifty did not cross the 8,300 level despite early momentum, as negative cues from global markets and a rebound in crude oil prices dented sentiment this week. The index oscillated in the 8,150 – 8,300 range to settle at the lower end of the band, down 0.6 percent.

India Markets Weekahead: Time to deploy cash

May 22, 2016

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

Markets corrected in a volatile week on fears of a rate hike by the U.S. Fed as early as next month. The Nifty closed down 0.83 percent for the week at 7,750. Sentiment was also affected by SEBI’s decision to introduce tighter norms for P-Notes leading to concerns about future foreign equity inflows.

India Markets Weekahead: Nifty at 8,000 – the wait just got a little longer

May 15, 2016

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

The 8,000 mark remained elusive for the Nifty, although the index managed to gain 1 percent during the week despite Friday’s fall. Investors had initially cheered passage of the new bankruptcy law in parliament, but concerns arising over amendments to the country’s tax treaty with Mauritius weighed on bourses. Dismal headline inflation and industrial production numbers worsened sentiments. FIIs continued to be net buyers of shares to the tune of $89.53 million during the week.