Expert Zone

Straight from the Specialists

Truncated but action-packed week

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

Markets displayed a spell of volatility in derivatives expiry week as the Nifty continued to remain below the psychological 5,000 mark. Continued uncertainty on the European economic situation, likely muted-to-weak Q2 Sept corporate earnings and weak global stocks weighed on market sentiment.

Rollovers from September to October series were below expectation with only 50 pct positions getting rolled into the next series as compared to 62 pct last month.

Earlier in the week, talk of cuts in stamp duty and lower transaction costs to broaden participation in the market boosted sentiment. However, gains were short-lived as selling on the FII front kept markets nervous.

India Markets Weekahead: Savage correction but time to buy

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

Markets succumbed to selling pressure and the Nifty corrected to nearly 4,800 levels taking YTD losses to 20 pct. Two key events dominated the markets this week, namely the falling rupee and ‘operation twist’ by the U.S. Fed.

India Markets Weekahead: World stocks, RBI policy expectation to dictate trend

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

As indicated in the previous week’s column, Nifty respected support levels of 4750/4800 and rebounded to 5000+ levels in a truncated yet action-packed week.

Next week crucial as markets at tipping point

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(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.

Political implications of Lokpal bill to weigh on markets

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(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

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(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

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(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

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(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

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(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

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(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.

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