Global Rally

MSCI's broadest index of Asia-Pacific shares outside Japan surged 1.1% in early Asia trade, driven by a 1.5% jump in resources-heavy Australia, a 1.1% gain in South Korean shares and 1.5% jump in Hong Kong stocks.

Asian stocks extend global rally to 7th day, US stimulus in focus

Tokyo led the advance, with the Nikkei jumping 1.9% early in the session. MSCI's broadest index of Asia-Pacific shares outside Japan added 0.3%, hitting its highest level this month, though Chinese blue chips slipped 0.1% just after the open.

Indian fundamentals strong, dollar may have peaked: Experts

From a macro point of view, India today looks far more attractive vis-à-vis others - CAD is in comfort zone, inflation number looks stable. All these should ensure that the flows from FIIs, as well as local investors' continue, said Nilesh Shah, MD, Kotak Asset Management.

Rally in India isn't related to country's fundamentals: Ambit

As for the global rally, it is more technical in nature than fundamental, and it has had a helping hand from China which has decided to go slow on devaluing its currency, says Pramod Gubbi, Director-Institutional Sales, Ambit Singapore.

See Nifty in 8000-8500 range; rains slackening again: Ambit

On the Parliament session, Andrew Holland, CEO of Ambit Investment Advisors feels it will probably be a washout. However, he is hopeful that GST may get a bit of a further push in the monsoon session of the Parliament.

Here is why StanChart Bank is underweight on India

Michael Preiss, Standard Chartered Bank said,"Our view currently on India is underweight on three months and 12 months view. On global equities we are neutral because we feel that the risk reward ratio is evenly balanced."