Feb 22, 2013, 09.22 AM IST
Ridham Desai of Morgan Stanley fells FII flows are the biggest risk to the market. "They have crossed 2 percent of market cap on a 12-month basis, which has historically been a warning sign for prospective equity returns," he added.
Here are experts equity calls for the day on how the markets are expected to trade:
Ridham Desai, Morgan Stanley: FII flows are the biggest risk to the market. They have crossed 2 percent of market cap on a 12-month basis, which has historically been a warning sign for prospective equity returns. The trigger for a reversal of flows comes from a global risk off which is hard to time. However, there are still several fundamental and technical factors that favour a market rally in the coming 3 to 6 months in our view.
Chris Wood, CLSA: Stubborn inflation, the lack of growth and a dodgy fiscal situation, highlight the vulnerability of the rupee and the related need for capital inflows. Our Overweight on India is predicated on the view that "risk on" will continue for now globally. But when the mood changes, India will be very vulnerable in dollar terms unless, there is more visibility by then on a renewed investment cycle.
News driven market breaks previous high of 6212; Nifty in uptrend, may surprise on upside if actual election results are supportive
The impact of the exit poll in the stock market is favourable for the bulls. The result of exit polls has led to sharp up move in the market. The theme is intact that trades will make more money on the long side. The same theme is intact in the Bank Nifty. After a narrow range Bank Nifty opened with gap and closed on the top.
Video of the day
Dec 6 2013, 15:02
- in MARKET OUTLOOK
Dec 4 2013, 11:08
- in FII View
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