Expert Zone

India Markets Weekahead: Bulls back on track, buy on dips

March 20, 2016

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

Markets consolidated during the week and at one point threatened to break Nifty 7,400 levels. But the index rallied to close above 7,600 points, up 1.25 percent for the week. The gains were part of an Asian rally triggered by a strengthening of regional currencies against the dollar.

India Markets Weekahead: Time to start buying again

March 13, 2016

A screen displaying  Finance Minister Arun Jaitley presenting the budget is seen on a facade of the Bombay Stock Exchange (BSE) building in Mumbai, India, February 29, 2016. REUTERS/Danish Siddiqui

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

India Markets Weekahead: Use gains to reshuffle portfolio

March 6, 2016

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

A confluence of positive factors, both global and local, led to a sharp rally in Indian stocks. The budget did not have anything positive for markets but it put to rest fears of re-introduction of a long-term capital gains tax which was worrying investors for the past month. From the panic lows of 6,850 on budget day, the Nifty rallied to end the week almost 6.5 percent higher.

Budget 2016: Hopes of market bounceback fizzle out

March 1, 2016

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

The wild gyrations in the stock market on Budget day were due to initial disapproval over inadequate measures taken to recapitalise banks and the seemingly unfair corporate tax treatment for large firms that form the bulk of market capitalisation.

India Markets Weekahead: Downside limited, get ready to nibble in

February 21, 2016

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

People watch a large screen displaying India's benchmark share index on the facade of the Bombay Stock Exchange (BSE) building in Mumbai, India, January 20, 2016. REUTERS/Shailesh Andrade

A spirited rally saw India’s main indexes gaining 3 percent for the week, their biggest weekly gain in 2016. The Nifty managed to close above the 7,200 mark despite stiff resistance even as the rupee hit 52-week lows against the dollar. FIIs continued to sell to the tune of $357.43 million.

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: Wait for market consolidation

February 7, 2016

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

A gap-up on Thursday and a follow-up rally on Friday helped the Nifty move closer to the crucial 7,500 mark in what was a highly volatile week. Following a recovery in global stocks triggered by reduced expectations of further U.S. Fed rate hikes this calendar year, the index managed to recoup its intra-week losses.

India Markets Weekahead: Poised for a rally

January 31, 2016

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

sensex1.jpgA sharp recovery towards the end of the week helped the Nifty gain nearly 2 percent to close above 7,550. Positions were lighter after derivatives expiry and the markets seemed to be looking at the bright side after a steep correction despite lacklustre corporate results and a weakening rupee. FIIs continued their selling spree with net selling of $171.5 million.

India Markets Weekahead: Time to move from debt to equity

January 24, 2016

(Any opinions expressed here are those of the author and not of Thomson Reuters) The Bombay Stock Exchange (BSE) building is pictured next to a police van in Mumbai, India, August 24, 2015. REUTERS/Danish Siddiqui/Files

The Bombay Stock Exchange (BSE) building is pictured next to a police van in Mumbai, India, August 24, 2015. REUTERS/Danish Siddiqui/Files

India Markets Weekahead: Survival of the fittest

January 17, 2016

(Any opinions expressed here are those of the author and not of Thomson Reuters) A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai, India, June 29, 2015. REUTERS/Danish Siddiqui/Files

A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai, India, June 29, 2015. REUTERS/Danish Siddiqui/Files