Nitin Raheja, CIO, Rada Advisors, says it is difficult to take a call on which direction the market is going and so once again the focus should be back on bottom-up stock picking.
Since last Friday, there has, in fact, been a cascade of more bad news. The rupee has been heading south, and is now targeting 57 to the dollar. The HSBC Manufacturing Purchasing Managers‘ Index (PMI) is at a 50-month low.
Karvy Commodities Broking has come out with its report on bullion. According to the research firm, weak US durable goods and weakening manufacturing is likely to toil on gains and hence silver is likely to remain range bound for today‘s session.
In an interview to CNBC-TV18, Leif Eskesen, chief economist - India & ASEAN, HSBC Global Research says the third quarter GDP number has left a lot to be desired.
Mehraboon Irani, principal and head – private client group business, Nirmal Bang Securities gives his analysis on the impact the third quarter GDP number which came in at 6.1% will have on the market.
Experts tell CNBC-TV18 that the GDP growth figure for the third quarter, due tomorrow, could be as low at 6.4%.
Shubada Rao of Yes Bank tells CNBC-TV18 that upside risks to inflation still remains for our economy. She sees inflation coming in at 6-7%.
Is it a start to the December rally? Some believe so, as Indian equities rally 7% over the week on back of global cheer.
A Prasanna, chief economist at ICICI Securities tells CNBC-TV18 that RBI's December 16 monetary policy will be dependent on IIP and inflation numbers.
Global fundamentals are still shaky and haven’t changed in the past few days, due to which the Indian market remains listless, says CNBC-TV18’s managing editor, Udayan Mukherjee.
Sanjay Mathur, head of research and strategy, Non-Japan Asia, RBS tells CNBC-TV18 that the central bank is likely to announce a rate hike of 25 basis points in its September 16 meet.
Christopher Palmer of Henderson Global Investors talks about the news emanating from the Eurozone on the back of the big meet between Nicolas Sarkozy and Angela Merkel. He also discusses his outlook on India and where he sees India headed by year-end.