Expert Zone

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

By Ambareesh Baliga
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: Be greedy when street is fearful

By Ambareesh Baliga
November 15, 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. REUTERS/Danish Siddiqui/Files

India Markets Weekahead: Time to cherry pick as markets react to Bihar

By Ambareesh Baliga
November 8, 2015

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

The election result in Bihar would influence investors in the coming week. Voters have given a clear mandate to the “Mahagathbandhan” partnership of the Janata Dal (United), Rashtriya Janata Dal and Congress against Prime Minister Narendra Modi’s National Democratic Alliance. Market expectations of Modi’s alliance winning in Bihar were tapering over the last few days and exit polls also pointed towards a tightly fought election — but a rout had not been expected. A gap down opening on Monday is foretold.

India Markets Weekahead: Bihar to decide near-term course

By Ambareesh Baliga
November 1, 2015

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

A man looks at a screen across the road displaying the Sensex on the facade of the Bombay Stock Exchange (BSE) building in Mumbai February 6, 2014.The Nifty saw losses every trading day during the week to close 2.8 percent lower at 8,065. Derivative contract expiry, disappointing September quarter earnings, worries that the BJP-led alliance may not do well in the Bihar election and indications of rate hike by the U.S. Fed in December contributed to market jitters.

India Markets Weekahead: Time to book some profits

By Ambareesh Baliga
October 25, 2015

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

Indian shares marked their fourth consecutive week of gains with the Nifty adding 0.70 percent at 8,295, a notch below the crucial 8,300 levels. Encouraging corporate results and support from global indices helped markets stay higher.

India Markets Weekahead: Outlook positive, but stay cautious

By Ambareesh Baliga
October 18, 2015

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

A spirited rally late on Friday saw the Nifty close 0.5 percent higher at 8,238. The index otherwise traded in a narrow range of 8,100-8,200 throughout the week. A mix of disappointing corporate results on one hand and stimulus hopes in China and Japan on the other offset each other.

India Markets Weekahead: Worst behind us, but bull run not quite here yet

By Ambareesh Baliga
October 10, 2015

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

The Nifty closed the week up nearly 3 percent at a seven-week high of  8,189, comfortably above the psychologically important support level of 8,000. The rally was supported by global markets that turned bullish on expectations of U.S. interest rates remaining low for longer than previously thought, amid weaker-than-expected U.S. economic data and a surprise rally by commodities. Closer home, sound bites from New Delhi seem to suggest the government wants to be seen as being proactive to mend the economy.

India Markets Weekahead: Build your portfolio as markets consolidate

By Ambareesh Baliga
October 4, 2015

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

The Nifty closed a percent higher to end the truncated week at 7,951 after threatening to fall below crucial support levels prior to the Reserve Bank of India’s monetary policy review. The bigger-than-expected 50 bps repo rate cut surprised markets, resulting in a robust pull-back.

India Markets Weekahead: Monetary policy to decide trend

By Ambareesh Baliga
September 27, 2015

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

Volatility marked the truncated trading week ahead of the derivative contract expiry, and a 3.5 percent drop for the Nifty early on followed by a spirited bounce-back midweek left a number of market participants confused. The index ended the week with a loss of 1.42 percent at 7,868.

India Markets Weekahead: Mid-caps will be in action amid consolidation

By Ambareesh Baliga
September 20, 2015

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

A trader works underneath a television screen showing Federal Reserve Chair Janet Yellen announcing that the Federal Reserve will leave interest rates unchanged on the floor of the New York Stock Exchange in New York September 17, 2015.  REUTERS/Lucas Jackson  The U.S. Federal Reserve’s decision to hold rates came as a relief for Asian markets, especially in India where the Nifty ended the week at 7,982, or 2.5 percent higher. However, U.S. and European markets corrected sharply on Friday due to Fed chief Janet Yellen’s comments over China’s economic slowdown.