The market is expecting easier fiscal and pro-growth policy from the new RBI governor Shaktikanta Das, said UBS Securities' Tanvee Gupta Jain.
Significant upside in the Indian market will be limited due to the political risks related to the upcoming Lok Sabha elections,
Deutsche Bank said earnings revisions risks remain to the downside, but the growth incremental is in the right direction with normalising liquidity situation
Kalpen Parekh of DSP MF advised investing in index funds provide better returns
As far as elections related spending is concerned, Harinarayanan said he has not seen substantial pick up in private consumption
In such situation or volatility, fixed income returns will be higher than equity markets as domestic packages in terms of populist measures will be there, Ajay Srivastava of Dimensions Consulting said
Largecap and quality midcaps are a better bet at current levels. In terms of sectors, investors can look at banking, insurance, AMC companies, IT and retail-oriented stocks
Siddhartha Sanyal, Chief India Economist, Barclays, said after today's results, the market would focus on the upcoming Lok Sabha polls.
Raamdeo said the market corrected and a lot of negative in local or global is already priced in
He believes the market looks better as long as oil is softer, interest rate is softer which will support corporate earnings and economy
'Urjit’s appointment was seen as a continuation of Raghuram Rajan’s policies and we saw risk premium getting contained,' said JPMorgan's Jahangir Aziz.
Next couple of days will be dominated by the news of RBI and elections results, followed by focus on global setup, said Udayan Mukherjee
Global headwinds like escalating trade war between US & China, Britain’s Parliamentary vote on Brexit and fears of a slowdown in global economic growth in 2019 has already led to a sharp spike in risk aversion for risk assets like equities.
While current valuations are not cheap, the fund house expects a further pick-up in earnings
This is a very challenging time for global and local equities, Shah told CNBC-TV18, adding that the current market may not be a buying opportunity.
Manali Bhatia of Rudra Shares & Stock Brokers said immediate support is at 10588, which if breaks on lower side could further extend the fall till 10470 and 10291.
Bank Nifty has a clearer long bias on the chart than Nifty, so trader looking for a long opportunity should prefer Bank Nifty, says Shabbir Kayyumi of Narnolia Financial Advisors
At the close of market hours, the Sensex was down 713.53 points or 2.00% at 34959.72, and the Nifty down 205.20 points or 1.92% at 10488.50.
The index got stuck in a broader trading range between 10,550 and 10,880 and requires a decisive range breakout to commence the next leg of rally, says Chandan Taparia of Motilal Oswal Financial Services.
The proposals are likely to be discussed by Sebi's board at its meeting this week.
We are expecting highly volatile ride in next week so it is better to stay away from trading for next 3-5 days, says Sumit Bilgaiyan of Equity99
There is still lot of uncertainty due to lack of detail on production quotas for individual producers
Equities ended the week on a strong note, with the Nifty ending the session above the 10,650-mark on December 7
Base metals prices reacted positively after the truce between US and China trade agreement but later the rally muted on uncertainty over the US-China trade deal.