Talking about risks, Jaipuria said that by looking at markets, one can say that this is going to be the year of consolidation
In recent weeks traders have been hanging on every word from ministers of petro-states after officials confirmed earlier this month they would speak on the sidelines of the International Energy Forum next month about taking measures to prop up oil prices.
In an interview with CNBC-TV18, R Sreesankar, Head - Institutional Equities at Prabhudas Lilladher says that banking and financial sector will be one of the first to benefit from economic growth.
The rupee is trading at 54.01/02 versus its Tuesday's close of 54.15/16 after hitting 53.89 in early trade, its highest since February 28.
Overnight, along with the big global equity rally, many commodities snapped back as well. On the back of this, Tom Price of UBS Equities Research gives his views on where commodities like Brent crude and gold are headed in the near to medium-term.
The F&O expiry of the March series takes place today and it has definitely been a long drawn out series. Weak global and domestic macro cues continued to dominate market momentum, says CNBC-TV18's managing editor Udayan Mukherjee.
Jonathan Barratt, CEO, barrattsbulletin.com tells CNBC-TV18 he is cautious on select global commodities. He gives his outlook on gold, copper and crude from the commodity basket.
Global commodities are taking a backseat on the back of mounting worries over the US deficit and the Eurozone’s austerity measures.
Dr Samiran Chakrabarty, Head of Research at Standard Chartered Bank and Sajjid Chinoy, Asia Economist at JPMorgan, told CNBC-TV18 that prices of global commodities and primary food inflation may come down gradually; however, inflation is likely to peak around September-October and the RBI may need to hike rates in June again.
Anand Tandon, CEO, JRG Securities in an interview on CNBC-TV18 spoke about his reading of the market and where he sees it headed going forward. He also gives his nod on a couple of sectors that he finds value in.
Experts are maintaining a bearish outlook on Indian market as it is going signs of weakness. However, some feel that Indian markets have steam left to sustain long term bruises.