Expert Zone

India Markets Weekahead: Lack of positive triggers in the near term

By Ambareesh Baliga
September 29, 2013

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

Indian markets are in a corrective phase after RBI Governor Raghuram Rajan’s monetary policy review on Sept. 20 put a damper on investor expectations. If Rajan had played to the galleries, we would have seen a stock market bubble. The move from pessimism to euphoria — a rally of nearly 20 percent in less than three weeks — without any perceptible change in ground realities, would have led to a bull trap. Though participation levels were not high, FIIs had turned buyers and it would have been a matter of time before dormant market participants jumped into the fray.

India Market Weekahead – Volatility expected ahead of RBI policy review

By Ambareesh Baliga
September 15, 2013

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

After a rally of 500 points on the Nifty, markets consolidated at slightly higher levels to close at 5850 this week. It’s evident that hope keeps the market ticking — this time it was various measures by the new RBI governor, Raghuram Rajan,that cheered the markets.

India Markets Weekahead: Cash is king

By Ambareesh Baliga
September 1, 2013

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

Around mid-week, the Indian markets seemed akin to a sinking ship which saw unabated selling with Nifty hitting a low of 5,168 on Wednesday, before recovering sharply to close the week at 5,471 on the hopes of concrete action by the government to shore up the sentiments and the Reserve Bank of India’s moves to save the rupee.

India Market Weekahead – Inflation, FII inflows to be key

By Ambareesh Baliga
May 12, 2013

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

The bulls are back and their four-week winning streak saw the Nifty close at a 29-month high of 6107 on Friday, up about 2.75 percent for the week. Liquidity flows remain robust, fuelling the momentum despite political heat in New Delhi.

Markets Weekahead: Not the right time to buy

By Ambareesh Baliga
April 28, 2013

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

The markets continued their winning streak in the past week, with the Nifty gaining another 1.52 percent to close at 5871 on Friday.

India Markets Weekahead: Time to wait and watch

By Ambareesh Baliga
April 14, 2013

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

A volatile week saw the Nifty closing 0.45 percent lower at 5528 after disappointing numbers from IT bellwether Infosys, which missed expectations on most parameters. The Bangalore-based company’s results also affected other IT stocks, with a number of them closing lower.

India Markets Weekahead: Prudent to wait for the budget

By Ambareesh Baliga
February 23, 2013

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

India Markets Weekahead: New highs will be more robust

By Ambareesh Baliga
January 27, 2013

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

Nifty to consolidate after crossing psychological barrier of 6000

By Ambareesh Baliga
December 8, 2012

High drama in parliament and volatility in the markets, albeit within a tight range, summarizes the action for the week.

India Markets Weekahead – An opportunity to ride the rally

By Ambareesh Baliga
December 1, 2012

(The views expressed in this column are the author’s own and do not represent those of Reuters)