Expert Zone

India Markets Weekahead: Poised for a rally

By Ambareesh Baliga
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.

Illiquidity by design

By Pranjul Bhandari
January 29, 2016
A private money trader counts Indian Rupee currency notes at a shop in Mumbai August 1, 2013. India's central bank intervened in the foreign exchange market on Thursday to stop the rupee's slide toward a record low as its defence of the currency, built around draining cash from money markets, came under rising pressure.  REUTERS/Vivek Prakash (INDIA - Tags: BUSINESS) - RTX126TL

A private money trader counts rupee notes at a shop in Mumbai August 1, 2013. REUTERS/Vivek Prakash/Files

Markets Yearahead – Spotlight to be on India in 2016

By Ambareesh Baliga
December 27, 2015

(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

India Markets Weekahead: Look for bargains during the Christmas sale

By Ambareesh Baliga
December 13, 2015

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

The stock market remained weak with the Nifty closing 2.2 percent lower at 7,610 last week. Investors were on tenterhooks over the passage of the Goods and Services Tax (GST) bill in parliament. Global markets were watchful of the crucial U.S. Federal Reserve meet that will decide the course of a rate hike cycle. Chinese trade data exhibited weakness for the fifth consecutive month, adding to nervousness.

India Markets Weekahead: Stock up for the new year

By Ambareesh Baliga
December 6, 2015

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

The Nifty corrected sharply by about 2 percent for the week to close below the crucial 7,800 mark on heightened prospects of a U.S interest rate hike in the coming days. Sentiment was also hit after the rupee fell to its lowest level in more than two years as it headed towards 67 against the dollar. FIIs sold equities worth $382 million over the past five trading sessions while DIIs bought stocks worth $385 million.

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.

India Markets Weekahead: Buy into the consolidation

By Ambareesh Baliga
September 13, 2015

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

Markets displayed a spirited bounce-back after nearly four weeks of decline with the Nifty closing at 7,789, or 1.7 percent higher, on the back of supportive global cues and several reforms by the government.