As geopolitical tensions rise around the world, from Syria to North Korea - a veteran market expert Geoff Dennis of UBS shared his outlook on how to trade hereon.
Top cues from domestic and international markets, which could have a bearing on the D-Street on Monday
Foreign investors pumped in a record Rs 57,000 crore in Indian capital markets in March, buoyed by expectations that BJP's victory in assembly polls is a precursor to more "bold, reformist policies".
Saurabh Mukherjea, CEO, Ambit Capital believes the economic weakness and the rally against is making it uncomfortable to chase the rally. He believes IT and pharma have a few stocks with attractive valuations even if both the sectors are seeing some pressure.
The rally, which we saw in the financial year, was largely led by strong global and domestic liquidity while lingering concerns over earnings revival as well as demonetisation still remain. Hence, investors need to be cautious and use dips to get into quality stocks.
Banking stocks have rallied up to 80 percent in the last one year on reform push. In fact, the S&P BSE Banking index has risen nearly 16 percent so far in 2017, led by gains in Federal Bank, Yes Bank, PNB, SBI, IndusInd Bank.
Leading bond fund manager Amandeep Chopra of UTI Mutual Fund believes that the scope for the RBI to slash rates is limited, given a number of global and local factors.
The dollar was likely to continue its lurch higher in the wake of the surprise presidential election win by Donald Trump, as inflation was set for a comeback, analysts said.
Economists and fixed-income experts believe that while the rally in the bond market may pause it is far from done.
The Reserve Bank of India (RBI) is likely to consider cutting interest rates by 25 basis points, or 0.25 percent, when it meets to decide on monetary policy on October 4, says Vivek Rajpal, Rates Strategist, Nomura India.
A two-speed Indian market has seen slow-growth or leveraged companies tied to the global cycle witness cheap valuations while high-growth, domestic-focused firms have performed very well.
Mahantesh Sabarad of SBICap Securities believes various sectors will be impacted by the rate of Goods and Services Tax (GST), expected to be around 18 percent.
Answer: Till as long as the liquidity taps are open.
Midcap stocks have had a sterling run ever since the stock market bottomed out on February 12. In a CNBC-TV18 segment, Nigel D'Souza ran through counters that witnessed the most gains over the period.
Equity markets have rallied globally and this has helped Indian stocks as well, says Sridhar Sivaram of Enam Holdings. "The domestic picture seems to have improved and that has helped as well."
Global push along with a robust monsoon and GST Bill possibility, Manish Gunwani of ICICI Prudential expects the Nifty to grow by 15-20 percent in FY17.
Following the recent market rally, a number of shares have seen a sharp upmove, with some inching close to their 52-week highs.
Fundamentally, asset quality woes for PSU banks are not over yet, but will get over in another quarter of two, says Mehraboon Irani of Nirmal Bang Securities
There could be more declines on a longer-term basis. Copper and aluminium are over supplied and there should be production cuts, said Robin Bhar, Head of Metals Research, Global Markets, Societe Generale.
The market is going through a consolidation phase in range of 7700-7900 level, says Krishna Kumar Karwa, Managing Director of Emkay Global Financial Services.
Oil prices may be on an upturn over the past few weeks, bouncing back from USD 27 lows to about USD 48 now, but Thomas Pugh of Capital Economics says he wouldn't be surprised to see a fall going forward.
Equity markets, both locally and globally, have witnessed a bounceback over the past few months. CNBC-TV18 Consulting Editor Udayan Mukherjee, who has been circumspect for a while now, says he is surprised by the momentum.
The tone of the Federal Reserve chief Janet Yellen last week indicated the US central bank is likely to 'let the economy run for a while' and a rate hike is likely only later this year, says Geoffrey Dennis of UBS.
The market rally in the wake of the Union Budget has largely been driven by moves in global equities and the Nifty is likely to trade in the 7,250-7,600 range in the near term, says Yogesh Radke of Edelweiss.
The upturn in oil prices bodes, which will likely continue for the year, bodes well for equities, says ace fund manager Sankaran Naren, CIO of ICICI Prudential AMC.