In this episode of Market Minutes, Lovisha Darad discusses about key factors that will guide market direction on December 1. After two-month exit runs, foreign investors bought Indian equities worth over Rs 9,000 crore in November. That apart, a new listing is scheduled for today – Flair Writing Industries. According to unlisted markets, shares of Flair Writing enjoyed a premium of 30 percent in grey markets. Also, catch Amar Ambani of Yes Securities on Voice of the Day segment. Market Minutes is a morning podcast that puts the spotlight on hot stocks, key data points, and developing trends.
Demand and high prices of oil and gold are playing the spoil sport and triggering high CAD. The government has taken steps to curb gold import, but smuggling of the metal has jumped manifold. The only long-term solution is to control inflation and to have an alternative of financial instrument that people can choose over gold
The market would be keenly watching elections for further direction, says Amar Ambani of IIFL. He sees a rate cut of 25bps in June however adds that the central bank may maintain a status quo for rest for the year.
Union Budget 2013-14 could be termed prudent but not outright populist! The FM did some things right and while many expectations were met, the Budget has missed out on several counts. For one, it failed to address the problem of the Current Account Deficit, which admittedly was a bigger worry than fiscal deficit.
Budget 2013 is an acid test for Finance Minister P Chidambaram as he tries to revive the economy while keeping all stakeholders in good humour. Has he been equal to the task? Find out