Expert Zone
Straight from the Specialists
India Markets Weekahead – Opportunity for those who missed out rally
(Any opinions expressed here are those of the author, and not necessarily of Thomson Reuters)
It was a second straight week of losses of 1.59 percent with the Nifty closing at 5,903. As discussed in this column a fortnight back, we are in a phase which would tire out the participants and change the mood to a negative consensus on the street.
After the sharp correction in most of the midcap counters, the mood has turned circumspect. The corporate results declared in the last few days too did not have much to cheer the markets but Central Statistics Office (CSO) GDP estimates of 5 percent for the current fiscal year seemed to have knocked the bottom.
The finance ministry, especially Finance Minister P Chidambaram, was quick to rebut these estimates as based on extrapolation of the past data which does not account for the green shoots seen in the last few months.
India Markets Weekahead – Still time to tank up for a pre-budget rally
(Any opinions expressed here are those of the author, and not necessarily of Thomson Reuters)
The Nifty has crossed 6,000 levels while the Sensex breached the psychological barrier of 20,000 to touch a two-year high — triggered by an overdrive of government action, encouraging macro numbers, corporate results and no bad news internationally.
India Markets Weekahead – Company results key for market direction
(Any opinions expressed here are those of the author, and not necessarily of Thomson Reuters)
Infosys stumped Indian markets again but for a change — positively. Recent management comments had built expectations of underperformance which led to cautious to negative views on the stock. Institutional investors were light on Infosys whereas the more adventurous speculators were short. And we were all caught on the wrong foot when the company declared a revenue growth as well as a net profit much better than consensus expectations.
Time to create a holistic mobile ecosystem
(Any opinions expressed here are those of the author, and not those of Thomson Reuters)
Mobile phones have transcended various phases of evolution since the time they began their journey. They have come a long way from being simple feature phones, which were meant for making calls and sending text messages.
Concerns about current account deficit
(Any opinions expressed here are those of the author, and not those of Thomson Reuters)
The current account deficit (CAD) which touched 5.4 percent of the GDP is a matter of deep concern. It is well beyond the 3 percent danger mark which was crossed more than 18 months back and caused the rupee to depreciate.
India Markets Weekahead – Set for new high with no roadblock in sight
A resolution for the U.S. “fiscal cliff” helped the markets cross the psychological Nifty benchmark of 6,000 to close the week up 1.82 percent at 6,016.
Though I expected a spirited rally, what we witnessed last week is a strong consolidation around 6,000 which could form a solid bottom for the next leg of the rally. This is also facilitating the entry of domestic retail investors which is visible in the mid-cap and small-cap volume and performance. The BSE small-cap index moved up 3.71 percent whereas the BSE mid-cap index gained 3.13 percent.
India Markets in 2013: ball is in government’s court
(The views expressed in this column are the author’s own and do not represent those of Reuters)
If calendar year 2012 was the year of scams in India which helped induce some much needed government reforms, the year 2013 is expected to be a year of hope and expectation for India and India Inc. There are expectations on better political governance, fall in inflation levels and hence interest rates, creation of an investment friendly business environment and lots more. It’s also the year with the last finance budget before the 2014 general elections.
The wait for the rate cut
(Any opinions expressed here are those of the author, and not those of Thomson Reuters)
At its mid-quarter review on Jan. 18, the Reserve Bank of India (RBI) did not cut the repo rate and also left the CRR unchanged. But it raised hopes that policy easing can follow in the fourth quarter.
India to ring in 2013 in the mobile sector
(Any opinions expressed here are those of the author, and not those of Thomson Reuters)
For many of us in the mobile industry, 2012 has been a year with a lot to celebrate and a lot to be concerned about. Restrictions and regulations are growing. As we all know, that can cut both ways: too much regulation and we might see constraints on growth.
India Markets Weekahead – A breakout expected before the year ends
(The views expressed in this column are the author’s own and do not represent those of Reuters)
Markets struggled to hold beyond Nifty levels of 5900 and closed the week 0.47 percent down, breaking a three-week streak of gains. Uncertainty over the banking regulations bill seems to have overshadowed better-than-expected wholesale price index-based inflation data in November. Industrial production soared by 8.2 percent, surprising analysts and sending signals that green shoots of economic recovery are visible.
