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Straight from the Specialists

India Markets Weekahead: New highs will be more robust

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

By Ambareesh Baliga

With consensus building for the Nifty to cross 6,100 and move into a new range, buoyed by the better-than-expected results for Reliance Industries, we saw the markets correcting with mid-caps and small-caps cracking. The markets recovered on Friday to close the week with marginal gains at 6,074.

The pattern in July, August and November was similar, with the markets defying consensus, taking us by surprise on the downside and breaking out of the range on the top.

Finance Minister P. Chidambaram continued to assure the markets with positive comments on personal taxation, a fiscal deficit he is still confident of maintaining, and the introduction of long-awaited insurance and pension bills in the budget session. He was on a four-nation tour to woo foreign investors as FIIs poured in $350 million last week.

India Markets Weekahead – Still time to tank up for a pre-budget rally

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

The Nifty has crossed 6,000 levels while the Sensex breached the psychological barrier of 20,000 to touch a two-year high — triggered by an overdrive of government action, encouraging macro numbers, corporate results and no bad news internationally.

India Markets in 2013: ball is in government’s court

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

If calendar year 2012 was the year of scams in India which helped induce some much needed government reforms, the year 2013 is expected to be a year of hope and expectation for India and India Inc. There are expectations on better political governance, fall in inflation levels and hence interest rates, creation of an investment friendly business environment and lots more. It’s also the year with the last finance budget before the 2014 general elections.

India Markets Weekahead – A breakout expected before the year ends

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

Markets struggled to hold beyond Nifty levels of 5900 and closed the week 0.47 percent down, breaking a three-week streak of gains. Uncertainty over the banking regulations bill seems to have overshadowed better-than-expected wholesale price index-based inflation data in November. Industrial production soared by 8.2 percent, surprising analysts and sending signals that green shoots of economic recovery are visible.

Nifty to consolidate after crossing psychological barrier of 6000

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High drama in parliament and volatility in the markets, albeit within a tight range, summarizes the action for the week.

Most in the analyst fraternity including myself expected the Nifty to cross the psychological barrier of 6000 after the FDI vote in parliament, but markets defied consensus once again and ended up a paltry 0.4 percent for the week at 5907.

India Markets Weekahead – An opportunity to ride the rally

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

It was a stupendous week with 4.5 percent gain and the closing at 5879, the highest point for Nifty in 19 months. The week started with positive international cues of a Greek bailout, and was further strengthened with Moody’s confirmation of a stable rating for India.

Will Indian stocks end 2012 on a happier note?

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(Rajiv Deep Bajaj is the Vice Chairman and Managing Director of Bajaj Capital Ltd. The views expressed in this column are his own and do not represent those of Reuters)

The rally in the Indian stock markets, fuelled by the so-called reform announcements, seems to have fizzled out. Frontline indexes have retraced more than 60 percent of the gains made since Sep. 13, 2012, the day the reform measures were made public.

The year ahead: expectations and apprehensions

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

The economy is presently under stress and there are no indications that recovery is underway in spite of recent reforms announced by the government. India is not alone in under-performance. But it has fared too badly for its own reasons.

India Market Weekahead: Trading subdued but markets back on track

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

Last week was a volatile one with the stock market poised for a surge but the Nifty eventually closed in the red with a loss of 0.20 percent at 5686.

India Market Weekahead: Buy on dips with no roadblocks till budget

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

There wasn’t much point-to-point movement on the Nifty but it was not a listless week by any standard.

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