Expert Zone

India Markets Weekahead: Hope rally ends, but not the India story

February 14, 2016

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

When markets came crashing down last week, it seemed like January 2008 all over again. A global rout, alarming slippages by public sector banks and disastrous corporate Q3 results pushed the Nifty down 6.8 percent, with mid- and small-cap stocks taking the brunt of the selloff. The triggering of margin calls also accentuated selling pressure and it seemed a number of long-term investors were throwing in the towel as the Nifty closed at 6,980.
Bombay Stock Exchange building is pictured next to police van in MumbaiSentiments across the globe dampened after the Federal Reserve said global economic turmoil and a massive selloff in equity markets could spook the U.S. economy. Crude touched a 12-year low on fears of higher stockpiles. The stock market risk-off resulted in a gold rally of 18 percent this year, driving prices to a high of $1,247 an ounce. Meanwhile, foreign portfolio investors pressed the sell button, offloading stocks worth $413 million. Support from domestic institutional investors was ineffective with shares worth $258 million bought during the week.

India Markets Weekahead: Look for bargains during the Christmas sale

December 13, 2015

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

The stock market remained weak with the Nifty closing 2.2 percent lower at 7,610 last week. Investors were on tenterhooks over the passage of the Goods and Services Tax (GST) bill in parliament. Global markets were watchful of the crucial U.S. Federal Reserve meet that will decide the course of a rate hike cycle. Chinese trade data exhibited weakness for the fifth consecutive month, adding to nervousness.

India Markets Weekahead: Stock up for the new year

December 6, 2015

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

The Nifty corrected sharply by about 2 percent for the week to close below the crucial 7,800 mark on heightened prospects of a U.S interest rate hike in the coming days. Sentiment was also hit after the rupee fell to its lowest level in more than two years as it headed towards 67 against the dollar. FIIs sold equities worth $382 million over the past five trading sessions while DIIs bought stocks worth $385 million.

India Markets Weekahead: We’ve reached the bottom, time to go long

November 22, 2015

(Any opinions expressed here are those of the author and not of Thomson Reuters) A man looks at a screen across a road displaying the Sensex on the facade of the Bombay Stock Exchange (BSE) building in Mumbai, India, June 29, 2015. Indian shares fell more than 2 percent on Monday, heading for their biggest daily decline in nearly a month as Greece looked set to default on its debt repayment this week, sparking concerns about foreign selling in emerging markets. REUTERS/Danish Siddiqui - RTX1I8E4

A man looks at a screen across a road displaying the Sensex on the facade of the Bombay Stock Exchange (BSE) building in Mumbai, India, June 29, 2015. REUTERS/Danish Siddiqui/Files

India Markets Weekahead: Keep shopping list handy for panic days

June 14, 2015

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

India Markets Weekahead – An opportunity for investors

August 11, 2013

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

Indian markets were down for a third consecutive week with the Nifty closing 2 percent lower at 5565 on weak economic signals and disappointing corporate results.

India Markets Weekahead: Prudent to hold cash

July 21, 2013

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

Indian markets ended steady on Friday after rising to its highest intraday level in nearly two months. The Nifty closed up 0.33 percent at 6029, marking its fourth weekly gain.

India Markets Weekahead: Volatility to continue in results season

July 7, 2013

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

After a spirited rally the previous week, the Nifty moved in a band of 150 points between 5750 and 5900, ending with modest gains of 0.53 percent at 5868. It may seem small but the extreme volatility within this band caught traders on the wrong foot.

India Markets Weekahead: A spirited rally may be a distant dream

June 23, 2013

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

The week began with the Reserve Bank of India (RBI) maintaining status quo on rates as expected at its mid-quarter monetary policy review. The trade deficit widened to $20.14 billion, a seven-month high and up 13.18 percent over the previous month. Gold seems to be the culprit again and government restrictions don’t seem to deter Indians from buying gold.

Liquidity reigns supreme as market ignores data points

August 11, 2012

The Nifty crossed 5350 levels last week after nearly three months with strong buying by FIIs, closing about two pct higher at 5320. Stronger than expected U.S. payroll data, positive cues from the  euro zone and comments from Finance Minister Palaniappan Chidambaram assuring to unveil a path of fiscal consolidation and undertake remedial measures to revive the domestic economy, boosted investor sentiment.