Portfolio re-balancing should normally be an ongoing process, a function on one’s target portfolio and asset allocation.
In March, not only India but also other emerging markets received good inflow of foreign money, the main catalyst for strong risk-on trade.
Smooth implementation of GST, resolution of banking system stress and revival of investment cycle are the key things investors are looking forward to being addressed.
The market is consolidating in a narrow range near its crucial support level, which still warrants some caution as a breakdown could take the index towards even lower levels from here.
Speaking to CNBC-TV18, Krishna Kumar Karwa, MD and CEO at Emkay Global Financial Services, said pharma and IT could give relatively better returns in 12-18 months.
Speaking to CNBC-TV18, Hemant Kanawala of Kotak Mahindra Old Mutual Life, said that the Mukesh Ambani-led Reliance Jio would remain aggressive till it achieves its targeted market share.
India has been able to successfully dodge itself from the global disruption led by negative rates in advanced economies, he says. EMs would look forward to a Federal Reserve rate hike in December.
As Sebi readies to tighten its rules for controversy-ridden P-Notes, major foreign investors including JPMorgan, HSBC, UBS and Goldman Sachs have supported the proposed provisions for immediate reporting of any breach to the regulator and filing of suspicious transaction reports.
The FIIs inflows so far they have been good, and if they continue to be good then one need not worry for the market, feels Dipan Mehta.
According to Udayan Mukherjee domestic flows are the single most thing that have supported the market.
Tirthankar Patnaik, India Strategist, Mizuho Bank says if the market corrects to 8200, then it becomes a screaming buy, despite all the negatives.
Sudarshan Sukhani of s2analytics.com is not worried about the market correction, says he would wait patiently for the market itself to give a direction going forward. He says, this is a bull market and we will have deep corrections o nthe way.
Sandeep Shenoy of Anand Rathi believes IT and healthcare are the sectors providing some sense of solace.
Expect Indian Rupee to trade on a mixed note on the back of month end dollar demand from importers coupled with RBI buying dollars to increase its forex reserves will act as a negative factor, says Angel Broking.
From the intra-day perspective, Indian Rupee is expected to trade on a mixed note on the back of inflow of foreign funds into equities coupled with selling of dollars by exporters and corporate companies will act as a positive factor, says Angel Broking.
UR Bhat, MD, Dalton Capital Advisors is cautious about the hope trade. However, he believes the Modi trade is worth playing. He says cyclicals will start looking better on the hope that huge changes will happen.
From the intra-day perspective, Indian Rupee is expected to trade on a negative note on the back of weak market sentiments after US Federal announced to cut in its stimulus measures by USD 10 billion to USD 65 billion in yesterday‘s meeting, says Angel Broking.
Dharmesh Mehta, Deputy CEO of Axis Capital says if there is good news on the political front, then the markets may not react negatively to news on US Federal Reserve tapering.
EPFR data shows India has seen outflows of around USD 192 million last week, which is a little different from the Sebi data. According to Rishav Dev of Quant Capital, this difference is because EPFR does not cover hedge fund data and prop desk data.
From the intra-day perspective, Indian Rupee is expected to trade on a negative note on the back of less than expected rise in industrial production and manufacturing output data in yesterday's trade, says Angel Broking.
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.
The Rupee is expected to depreciate in today‘s trade as dollar demand coupled with mixed market sentiments will act as a negative factor for the currency. Ongoing capital inflows will prevent sharp depreciation in the currency, says Angel Broking.
According to Angel Broking, Indian rupee has expected to trade on a positive note taking cues from upbeat global and domestic market sentiments along with weakness in the DX.
Within the EM space, India is still finding some favour, says Jitendra Sriram, MD & Head of Research, HSBC India.
Indian government bonds on Thursday hit the lower circuit on the back of excessive selling by foreign institutional investors (FII), who were lured by lower US Treasury bond prices. Trading was frozen on Thursday for about 45 minute between 9.15am and 10am, traders said.