Speaking to CNBC-TV18, Anantha Nageswaran, Head of Investment Research at Julius Baer, said that the Indian market's relative underperformance is likely to continue and the Reserve Bank of India should prepare itself for some form of return of quantitative easing.
Amidst global tremor, Indian market has held its ground. The market is resilient while global markets continue to grind lower. However, global weakness and edginess is quite relentless, which could rise further if US realises that QE3 may not come, India then may have problem, says CNBC-TV18’s Udayan Mukherjee.
The Punjab government on Friday asked the Centre for allowing export of wheat in the wake high prices of the crop in the global market.
Most analysts on the street are bullish about India's performance; however, they are still concerned about crude oil's behavior, which is extremely unpredictable. Manoj Singla, managing director and Co- Head Product at Religare Capital Markets feels that crude oil prices should come down for a sustainable market rally.
As far as the US market is concerned, it is still in the process of making gradual recovery. In an interview to CNBC-TV18, Laurence Fink, chairman and CEO of BlackRock said that the US equity market is still one of the most underinvested classes of assets.
At a time when Tokyo is struggling to curb its huge debt, the earthquake, tsunami and now the nuclear meltdown is sure to hurt Japan's economy in a big way. Nouriel Roubini of Roubini Global Economics feels that given the amount of uncertainty, people fear the worse.
Ruling out the impact of crude price hike led by geo-political tensions in the Middle East region, global economies will mark growth, feels Malcolm Woods, Head of Investment Strategy from Morgan Stanley.
China is likely to create a rare earth industry association in May to help its miners obtain more pricing power in the global market, official media reported on Tuesday.
Home minister P Chidambaram strongly believes that India is a strong player in the global market, inspite of the downside risks. CNBC-TV18’s Menaka Doshi caught up with him in Davos and asked him about the global economic sentiment and his outlook going forward.