EU slide, limp Rail Budget dim outlook: Baliga

Independent analyst Ambareesh Baliga told CNBC-TV18 that his outlook has turned less optimistic with the market-slide across the eurozone and a limp Railway Budget
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead master your money SME Special
moneycontrol.com

Home » News » Markets » MARKET OUTLOOK

Feb 26, 2013, 08.00 PM | Source: CNBC-TV18

EU slide, limp Rail Budget dim outlook: Baliga

Independent analyst Ambareesh Baliga told CNBC-TV18 that his outlook has turned less optimistic with the market-slide across the eurozone and a limp Railway Budget

Like this story, share it with millions of investors on M3

EU slide, limp Rail Budget dim outlook: Baliga

Independent analyst Ambareesh Baliga told CNBC-TV18 that his outlook has turned less optimistic with the market-slide across the eurozone and a limp Railway Budget

Post Your Comments

Share Cancel

Ambareesh Baliga (more)

Market Analyst, Independent | Capital Expertise: Equity - Fundamental ,IPO

European shares slumped on Tuesday after elections in Italy threatened a renewal of the euro-zone crisis, with bank-stocks taking the biggest cut.

Worries about a new flare-up in the euro zone's debt crisis seeped through the bank sector, whose lenders could be hit with new write-downs and bad debts if the region's economy weakens as a result of debt problems in countries such as Italy and Spain.

The big slide across Europe has started to impact Indian bourses. "Clearly, the market has broken some important levels especially the level of 5,840 that I had earlier estimated. Add to this the impact of the Railway Budget which has clearly indicated that there is nothing much for the industry to look forward to. So there is no trigger as such from this Budget," independent analyst Ambareesh Baliga told CNBC-TV18. 

"With the slide in global markets, it is possible it could send Indian bourses into a tailspin. This would make me adopt a less optimistic outlook,"

The pan-European FTSEurofirst 300 index fell 1.2 percent to 1,151.76 points while the euro zone's blue-chip Euro STOXX 50 index slid 2.7 percent to 2,581.25 points.

Italy's benchmark FTSE MIB equity index was amongst the worst hit, slumping 4 percent, reflecting concern that its election result, which left no clear government, could hamper economic reforms and fuel its costs of borrowing.

Ads by Google

Buy, Hold, Sell ? Hear it first on M3
EU slide, limp Rail Budget dim outlook: Baliga

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login