Robert Aspin, Senior Investment Strategist of Standard Chartered Bank is bearish on bond market as he expects sell off in bonds across the globe. He sees US Fed continuing QE till Q1 of 2014.
It looks like Japan and US are attracting most of the capital these days and market like India are not quite the favourites with global investors. UR Bhat, MD, Dalton Capital feels that a few days of marginal negative flows from Foreign Institutional Investors (FII) have caused quite some damage to the market.
Today, one need not worry too much about the global cues because they are flat, but it appears that Nifty may also start flattish, maybe with a mildly negative bias like the rest of Asia, said CNBC-TV18's managing editor Udayan Mukherjee.
After the midcap collapse of last week, the first signs of concerns about the Indian market has started to creep in. UR Bhat, MD of Dalton Capital Advisors said there has been strong FII flows in the month of January itself and the market strength is now largely dependent on these inflows.
Arvind Sanger, managing partner, Geosphere Capital Management says the set up is reasonably supportive for the Indian market going into 2013.
Dilip Bhat, Joint MD of Prabhudas Lilladher is of the view that markets have good tailwinds at the moment. The overall bullishness has been supported well by global indices and FII flows continue to be strong, he believes.
Sonal Varma of Nomura India feels it is a very prudent step from the RBI keeping in mind the central bank's fight against inflation. She believes it will be positive for the country in the long run. According to her, there could be a repo rate cut in the January credit policy.
The Government of India announced its consent on the much awaited FDI in retail and aviation last week. In line to this there are sectors like pharmaceuticals and insurance awaiting for nod from the Cabinet.
According to Motilal Oswal, the market‘s next move is dependent on the interest rate scenario, the monsoons and foreign inflows.
As expected, Indian equities witnessed a slight pullback in trade yesterday. So are the indices ready to pick up where they left off on Wednesday?
With macro economic data from around the globe starting to improve, Sakthi Siva of Credit Suisse Asia Pacific believes it is time investors move out of defensives and start betting on cyclical stocks.
In an interview to CNBC-TV18, Anand Tandon of JRG Securities says that the market will give further 10% returns from current levels for this year.
Rakesh Arora, head of research at Macquarie Capital Securities, says that Nifty could touch 5500 by year end, and therefore has a 'buy on dips' call.
Nirmal Jain of IIFL tells CNBC-TV18 that foreign inflows into India will pick up if crude prices fall further and if the government acts on policies.
Mecklai graph of the day - The Rupee has been a battered currency in the month of May and has seen its all-time low during the same period. Reduced capital flows have majorly been blamed for such a high volatility.
To say it was a disastrous day for Indian equities is an understatement.
For the near term, Olivier Desbarres of Barclays Capital believes the dollar-rupee will move higher to retest its earlier highs.
Sakthi Siva, head of Asian equity strategy at Credit Suisse, has a nuetral view on Indian equity, but advices a buy on dips strategy.
Anil Manghnani of Modern Shares & Stock Brokers believes that a strong close above 5300 is the first sign of a breakout on the upside for the market.
Growth concerns are what are keeping Indian investors in check as they try and deal with a faltering economy and hold-ups on issues like FDI.
Rupee fortunes continue to stay dependent on hot money FII flows, says Moses Harding, Head - ALCO and Economic & Market Research, IndusInd Bank.
MD of MF Global Vineet Bhatnagar says the market could end the March series around 5,270-5,300 levels if the Finance Ministry indicates that it will relook GAAR with regards to Mauritius.
Vivek Rajpal of Nomura tells CNBC-TV18 that the rupee will face resistance at 51.70 in the immediate short term.
According to Ajay Srivastava, chief executive of Dimensions Consulting, a fuel price hike will have a positive and a negative effect on the market.
Even though volatility is high because of the three important events lined up, experts believe that the market's upward momentum is strong and that it will retest its high this month itself.