Okay, no one is asking you to actually empty your bank locker, make a hurried trip to the jeweler and drive home a tanker full of Brent. But calculating the gold-to-oil ratio is an exercise that analysts over the years have found useful in predicting the behaviour of stock markets.
Lupin will be reporting its numbers and expectation is that it is likely to be a subdued quarter with revenue rising 7.3 percent.
CLSA says funds with global mandate looking into the long-term structural nature of the India story and adds global funds flow to Indian shares at USD 16 billion Year-To-Date â€“ lower than USD18 billion average over the last three years.
"The PE on the Indian share is about 14 times forward earnings, whereas in China it is about 9 times. So I think there is better value elsewhere," says Shane Oliver of AMP Capital.
Indian shares could consolidate after the recent run up, feels Adrian Mowat of JP Morgan, but does not see uncertainty over the outcome of the general elections as a big dampener.
FIIs provisionally bought Rs 25.6 billion worth of Indian shares on Tuesday, exchange data shows, and a total of Rs 50.5 billion worth over the previous four sessions.
Here are the top headlines of the day:
Brokerage house Kotak Securities is of the view that Indian shares are high on hope and hype, and does not expect meaningful returns in 2013.
Indian shares recovered from the day's low to provisionally end flat on Monday led by a rally in public sector banks on hopes that legislation on banking sector reforms would be passed during the current session of parliament. The consequent changes would lead to the issue of new banking licenses.
Has the liquidity-driven outperformance of Indian shares among BRIC markets this year run its course? Some market participants argue that the reform optimism-led buying may give way to a technical correction.
Deutsche Bank remains tactically bullish on Indian shares and recommends investors add risk, after last month upgrading the country's stocks to "buy."
UBS has downgraded Indian shares to "neutral" from "overweight," saying China is the better bet. The investment bank said India was unlikely to see big downside surprises on inflation, and hence no aggressive rate cuts.
Indian shares were flat to higher as banks recovered after recent steep falls, though oil and gas stocks dropped after a directive from a government regulator to cut gas tariffs in New Delhi raised fears that similar actions would follow.
A rally in banks helped push Indian shares toward their fourth consecutive winning session as the pick-up in inflation data out on Wednesday was not seen as big enough to completely rule out the chances of a rate cut from the RBI.
The rupee steadied on Monday after rising early, tracking the domestic sharemarket and some dollar inflows, but traders expected it to remain range bound during the day.
The rupee was seesawing in the afternoon session on Thursday as the dollar's losses versus major currencies were offset by the sharp fall in domestic shares which raised concerns of foreign fund withdrawals.
Kotak Mahindra Bank has launched a long/short hedge fund, a source with direct knowledge of the matter said on Friday, aiming to capture the upside in Indian shares and cut the downside by moving between sectors, and use of derivatives and cash calls.