Market Review

To rate cut or not… I think not!

A 25 bps cut in the repo rate (this is the rate at which the central bank of a country in our case RBI lends to commercial banks in event of a shortfall) is what most the market is factoring in.     The RBI meets on Tuesday for the bi-monthly policy meet, and it […]

An excuse to sell!

A second default by Argentina in 13 years led to a sell-off in US markets over night and a 400 points cut in the Sensex! The rupee depreciated to a level of 61.18 down 63 paisa from its earlier closing and the Nifty dipped below 7600 and recovered marginally to close at 7602 down 118 […]

Nifty to end the year on a rally!

RBI chooses not to raise rates …. In a mid-quarter monetary policy meet yesterday the RBI governor kept the key rates unchanged. In the run-up to this meeting we had seen a spate of bad data be it IIP, Inflation, etc as a result the markets had factored in a 25 bps hike in interest […]

Election results to cheer markets…bet on high beta stocks

The verdict is out…its 4-0 in favour of the BJP and SGX Nifty indicates a 180 up move for the Nifty  today. Without doubt the results are better than expected – in Delhi the verdict is mixed with the AAP doing really well in their first outing and in Chattisgarh it was a bit of […]

Markets will be rangebound, nervous ahead of important data in the US and state assembly election results in India

US GDP data grew at 3.6% higher than the 3 percent expected, the fastest pace since the first quarter of 2012. Also claims for unemployment benefits unexpectedly fell last week – and we are now just some hours away from getting the November non farm payrolls report.  US Markets – both Dow and  S&P which […]

Exit polls will bring cheer…Bulls to take charge

Last evening the assembly polls concluded.  Exit polls conducted by various media agencies seem to indicate a strong showing for BJP and the SGX Nifty is already indicating a Nifty up move of over 100 points! Friday would bring data from the US markets in the form of non-farm payroll data, which will influence the […]

Markets will cheer the CAD gap narrowing, the build up to the election result will take markets higher

Markets will cheer the CAD gap narrowing sharply to USD 5.2 billion in the July September quarter.  Better exports and the decline in gold imports have resulted in the CAD coming down from 5% of GDP last year same quarter to 1.2% of GDP in Q2 of this year. Both the government and RBI are expecting […]

GDP numbers awaited, Bulls will play for an upside…

GDP numbers are waited today, the forecast is for GDP to remain below 5 percent for the fourth consecutive quarter, Reuters poll puts it at 4.6%. Persistent Inflation, volatile rupee, inaction by the central government and lack of policy action are the drags.  Business investment has shown no pickup and most polls indicate a 4.5-4.7% […]

Markets to trade positive but rangebound, I hope Day 4 of the game is better than Day 3!

US markets gained yesterday, with a positive reading on consumer confidence spreading cheer just before the holiday-shopping season, both the Nasdaq and Dow ended with gains at new highs. On the economic data front: Jobs data: The number of unemployment claims for the week ended November 21, fell by 10,000 to 3,16,000. That is the […]

Cairn buy back disappoints, markets choppy ahead of expiry, all buys for day 3 of the game

Global cues stayed fairly supportive with Nasdaq crossing 4000 for the first time since 2000.  But domestically FII’s and DII are net sellers, rollovers suggest fresh shorts and markets look choppy ahead of expiry. Cairn announced a buy back of ~ Rs 5700 cr – an open market purchase with a maximum price of Rs […]