Going forward, on the contrary, the macro picture should improve meaningfully going forward.
In what is a boost for the bond market, government re-assessed additional borrowing needs. In an interview with CNBC-TV18, Ashish Parthasarthy, Treasurer at HDFC Bank and Sahil Kapoor Chief Market Strategist at Edelweiss Broking discussed the impact.
The house has a negative view on gold for Q4 of this year and expect it to trade around to trade around USD 1200-1250 per ounce, said Mark Keenan, Head of Commodities Research - Asia, Societe Generale.
"Looking at futures open interest and other derivative data, we expect Nifty to consolidate in the range of 10,600 to 10,800 levels with a positive bias. Any dip in prices should be used as a buying opportunity as 10,550 to 10,600 spot levels should act as strong support," says Shitij Gandhi, Senior Research Analyst, SMC Global Securities Ltd.
Any element of negative newsflow is only going to drive the yields higher, said Amandeep Chopra, Group President & Head of Fixed Income, UTI MF.
A further rise in volatility could be a cause of concern for bulls. Thus, traders need to be cautious in the market and need to follow strict stop loss.
Multi Commodity Exchange of India (MCX) posted a weak set of earnings in Q3; fall in margins as well as in revenue. Profit after tax dipped by 45 percent while margins too took a hit. In an interview to CNBC-TV18, Mrugank Paranjpe, MD & CEO of MCX gave a detailed insight into this quarter's earnings.
Weakness in domestic equity market will influence the rupee to trade lower, says Pramit Brahmbhatt of Veracity.
Spot gold was up 0.3 percent at $1,341.96 an ounce by 0123 GMT. It touched its strongest since Sept. 8 at $1,344.44 on Monday.
Prices have been driven up by production curbs in OPEC nations and Russia, as well as by healthy demand-growth.
We expect the new 10-year benchmark bond yield to trend higher towards 7.40-7.45 percent in the near term amid lack of bidding interest from market participants ahead of scheduled auction on Friday, says Dhawal Dalal of Edelweiss AMC.
We expect the spot USD-INR to trade in a range of 63.80-64.20 for the day, says Pramit Brahmbhatt of Veracity.
He expects Nifty to end the year between 12,200 and 12,400, with earnings and private investments supporting next leg of growth.
Rupee slips to 3-week low and trades at the lowest levels since December 29, 2017. In an interview with CNBC-TV18, Ananth Narayan, Market Expert and Bhaskar Panda of HDFC Bank explain more on the impact of rising yields and weakening rupee.
In an interview with CNBC-TV18, Richard Harris, CEO of Port Shelter Investment Management shared his views and outlook on what is happening with the global markets.
Headlines across the media screamed about how the fundamental concerns in the stock markets were aptly highlighted by Uday Kotak. Stock Market participants on the other hand went about their business nonchalantly and markets once again hit a new high.
The rupee came under pressure as trade deficit widened to three-year high at USD 14.88 billion in December,government data showed yesterday, imports surged nearly 21.1 per cent year-on-year to USD 41.90 billion last month while exports grew 12.4 per cent on-year to USD 27.03 billion.
Saurabh Mukherjea of Ambit Capital decodes sectors to invest in the new calendar year in an exclusive interview with CNBC-TV18.
Prices have been driven up by production curbs in OPEC nations and Russia, as well by robust demand on the back of healthy global economic growth.
Oil prices trade near 3-year high. Brent crude prices are now near levels last seen before the start of an oil market slump in late 2014. In an interview with CNBC-TV18, Mark To, Head of Research at Wing Fung Financial Group shared his readings and outlook on the same.
I expect the rupee to continue to appreciate and expect the USD-INR to trade within a range of 63.40-63.60, says Bhaskar Panda of HDFC Bank.
Spot gold was up 0.2 percent at $1,341.92 an ounce by 1238 GMT after touching its strongest since Sept. 8 at $1,344.44. The precious metal rose for a fifth straight week last week, gaining 1.4 percent.
The 10-year benchmark yield has been flat for a couple of days and expect it to trade within a range of 7.43-7.46 percent, says Bhaskar Panda of HDFC Bank.
What is interesting about this market is that even though it has been growing in terms of total value, its growth rates have been muted.
Markets have moved well ahead of fundamentals riding on the liquidity influx by various central banks