It was a good day for the market because it looked like strong FII flows were still gushing in, says Udayan Mukherjee, managing editor of CNBC-TV18.
With UP election results coming against market expectations, foreign inflows thinning out and Budget nerves kicking in, experts say the road to Budget 2012 could be a bumpy one.
Saurabh Mukherjea, head of equities at Ambit Capital spoke to CNBC-TV18 about how he read the market.
At first glance, does the Indian market look overpriced? For some investors and analysts, yes, as they watch many blue chip stocks poised on the verge of breakouts. Read on for more...
After nearly two months of rallying, and over 20% gains since the lows of 2011, experts are now ready to bow out the market while they still can.
Ajay Bodke of Prabhudas Lilladher tells CNBC-TV18 that the best of the earnings season is probably over, and that the results due to be released could see some strain.
The rupee posted a smart rally today. The Indian currency rose to a five-week high on the back of strong FII flows and strength in the equity markets, reports CNBC-TV18's Latha Venkatesh.
With the Indian rupee hitting all time low at 52.19 per U.S. dollar, speculations are rife that it will touch 56 shortly adding to the woes of importers. Reason: large scale outflow of foreign funds from the country.
Although Nifty crossed the psychological mark of 5,100 yesterday, it failed to stay there. However, CNBC-TV18’s Udayan Mukherjee says a 20-30 points pullback is not 'worrying'.
Ambareesh Baliga, chief operating officer at Way2Wealth joins CNBC-TV18 to give his perspective on the trades today.
There is a stubborn inflation overcast while ugly sisters US and Europe are bringing negative news flows in full swing. And, to add to the woes, Raj Bhatt, chairman and CEO of Elara Capital says the earnings downgrade is all set to increase concerns for the investors.
Moses Harding, Executive Vice President & HD Wholesale Banking Group, IndusInd Bank talks to CNBC-TV18 about how two major asset classes – currencies and fixed income debt markets could possibly react to a fuel price hike.
Strength has been visible in the rupee and has moved hand in hand with the strength in the equity markets. The rupee has also gained strength on the back of global dollar weakness. CNBC-TV18’s Latha Venkatesh reports that it is about a 5-5.5 month high for the rupee which is in part sentiment, in part actual flows.
Large FII flows have been flooding the Indian market, almost USD 2 billion in the last eight-nine days. Shane Oliver of AMP Capital Investors tells CNBC-TV18 that there are a number of reasons that could have triggered the sudden flow of money.
Most analysts feel that liberalization of the FDI policy will help boost the Indian economy to a greater extent. In an interview on CNBC-TV18, Todd Martin, Asia Equity Strategist at Societe Generale said that he is slightly overweight on India despite expensive valuations.
India's current account deficit fell to 2.2% in the third (October-December) quarter compared to 4% in the second (June-September) quarter. In the capital account, the FII flows were lower and hence the overall capital account surplus fell; but the country continued to have a balance of payments surplus in the said quarter.
RVS Sridhar, senior VP Treasury of Axis Bank, in an interview with CNBC-TV18’s Latha Venkatesh and Sonia Shenoy, spoke about the rupee movements off late and his strategy for the day.
Domestic market has marked better-than-expected growth on positive cues received by global peers and investor confidence. In an interview on CNBC-TV18, Amit Rathi, managing director of Anand Rathi Financial Services said that despite the market has made a smart move upwards; investors should keep a watch on rising inflation and interest rates.
Amit Rathi, MD of Anand Rathi Financial, in an interview with CNBC-TV18’s Udayan Mukherjee and Mitali Mukherjee, spoke about his reading of the market and his outlook.
In an interview on CNBC-TV18, Nirmal Jain, chairman of India Infoline (IIFL) said that high oil rates will remain as a concern for the oil price-sensitive domestic market but not for a long period. "The oil prices will stabilise and moderate in the second half," he added.
Speaking on the sidelines of the four-day long Credit Suisse Asian Investor Conference in Hong Kong, Neelkanth Mishra of Credit Suisse tells CNBC-TV18 that despite the growing momentum in developed markets, investors are positive on India in the medium-term and see no point in withdrawing all the money right now.
Andrew Holland, CEO of Equities at Ambit Capital tells CNBC-TV18 that investor sentiment has been affected due to negative global newsflow such as the tragic events coming out of Japan as well as the Middle East crisis. He says the price of oil remains a key concern for emerging markets like India.
The important economy number that comes in tomorrow is the industrial output numbers (IIP) for January. Robert Prior-Wandesforde, Head of India & South East Asia Economics at Credit Suisse, in an interview on CNBC-TV18, gave us his expert opinion on the numbers that he expects.
Devina Mehra of First Global, in an interview on CNBC-TV18 gave her outlook on where she sees the market heading. Below is a verbatim transcript of her interview. For the complete interview watch the accompanying videos.
Gerard Lyons, Chief Economist and group head of global research at Standard Chartered Bank, in an interview on CNBC-TV18 speaks about the turmoil in West Asia and where Asian markets, including, India are headed on the back of the crisis.