Expert Zone
Straight from the Specialists
Next week crucial as markets at tipping point
(The views expressed in this column are the author’s own and do not represent those of Reuters)
The Nifty finally gave in to selling pressure and fell below 4,800 in spite of a fragile attempt to hold on to those levels during the week.
Foreign Institutional Investors (FIIs) have pressed heavy sales this month amid the ongoing credit crisis in the euro zone and concerns back home. FII outflow for the month till August 25 totalled 12167.19 crore.
The revised margin collection system and stiff penalties thereof from September 1 also contributed to liquidation of positions. Overall, there wasn’t any silver lining to take refuge.
Political implications of Lokpal bill to weigh on markets
(The views expressed in this column are the author’s own and do not represent those of Reuters)
Indian stock markets continued to languish with benchmark indices down by 4 pct for the week and 13 pct for the month. Global stock markets crashed on fears of a recession in the U.S. combined with debt troubles in Europe.
India markets weekahead: High inflation, fear of rate hikes to make markets jittery
(The views expressed in this column are the author’s own and do not represent those of Reuters)
Markets continued to go on a losing spree with benchmark indices in India falling further by 2.6 pct. As if the axing of the U.S. rating was not enough, talks of a France credit rating downgrade lingered, chopping around 4 pct from global indices in a single day during the week.
India Markets Weekahead: Tough week seen after U.S. rating downgrade
(The views expressed in this column are the author’s own and do not represent those of Reuters)
The week that started on a positive note after the U.S. agreed to raise the debt ceiling had to soon face the heat of global market turmoil. Fears of double-dip recession and worsening European sovereign debt woes dragged Indian equities lower to a 14-month low and a cut of 5 percent for the week.
India markets weekahead: U.S. debt ceiling deadline key
(The views expressed in this column are the author’s own and do not represent those of Reuters)
The RBI surprised the street with a larger than expected 50 basis point rate hike in repo and reverse repo rates. The sideways and undecided trend was finally busted and the Nifty broke the crucial support of 5500 during the week as worries of rising interest cost hurt corporate profits.
Markets to hunt for direction
(The views expressed in this column are the author’s own and do not represent those of Reuters)
Markets last week saw profit booking after a spirited run-up. The cabinet reshuffle was a damp squib and the Mumbai triple blasts did not have any impact on the markets. Lower IIP and higher inflation continue to dampen sentiments. International cues like S&P’s likely downgrade of U.S. sovereign rating and EU stress tests on banks added to the pressure.
Rally tough to sustain, markets seen rangebound
(The views expressed in this column are the author’s own and do not represent those of Reuters)
Frenzied buying by FIIs and supportive global market cues saw the Nifty surpassing the psychological barrier of 5650-5700 but it encountered profit booking, losing some shine on Friday.
FII friends are back; hope it’s not just a rave party
The markets have extended previous week’s gains with Nifty surpassing an important level of 5500 and has accelerated further, mainly led by strong FII inflows and short covering.
Global indices rallied after the Greece parliament approved harsh austerity measures, which could pave the way for the debt-laden European nation secure emergency international financial aid and avoid a debt default.
Awaiting Nifty settlement above 5500
(The views expressed in this column are the author’s own and do not represent those of Reuters)
It was a volatile week for the markets which saw the Nifty slipping to as low as 5186 before ending up 2 pct. The coming week is also expected to be volatile as derivative contracts are due for expiry on Thursday.
No domestic cues; look for Fed meeting
(The views expressed in this column are the author’s own and do not represent those of Reuters)
The Nifty is close to critical levels ending 2.2 pct down after holding at higher levels for a long time. Interestingly, mid-caps and small-caps are quietly outperforming the benchmark indices which clearly suggest that a few large-cap stocks like Reliance Industries are pulling it down.
