In the near-term, the market is likely to be rangebound as it faces another couple of key events in the form of the Budget & the Monetary Policy, says Ridham Desai of Morgan Stanley.
ICICI Bank top picks in financial space, says Parul Saini, Executive Director, RBS Asia Securities.
Though Indian market is going through a volatile phase awaiting for three key events in the fortnight, it had shown significant upmove in the last two months. Some experts feel that the market is likely to continue uptrend till the year-end.
Economic growth too seems to be troughing, as suggested by the rebound in the PMI indicators in January. The core manufacturing inflation moderated to 6.7% in January and should help the case for policy rate cuts by the RBI, says Parul Saini of RBS.
Parul Saini of RBS says, he remains buyers of Indian equities, and maintain our year-end target of 5800 for the Nifty.
India`s move to allow foreign individuals to directly invest in its stock market is unlikely to boost the country`s sagging equity market in the short-term, the head of the Bombay Stock Exchange told CNBC Tuesday.
Prefer HCL Tech, says Parul Saini, Executive Director, RBS Asia Securities.
Larsen and Toubro a top pick, says Parul Saini, Executive Director, RBS Asia Securities.
Parul Saini, executive director at RBS Asia Securities advises to stay invested as he expects significant upside for the full year.
Parul Saini of RBS expects MSCI India to climb 25% in 2012 as valuations are supportive, and the macro environment seems to be troughing out.
Parul Saini of RBS thinks that the MSCI India Index could give 20%-plus returns from current levels as macro concerns are well recognized and priced in.
There is still no concrete evidence that inflation has peaked, though the RBI has, for now at least, gone on hold, says Chris Wood of CLSA.
Inflation is likely to peak off around the 10% mark and then gradually come down to 7.5% over next 6 months, says Jyotivardhan Jaipuria of BofA ML.
RBI could raise policy rates by 25 basis points at its mid quarter policy review today and may signal a pause in the monetary policy stance in its review on October 25, says Parul Saini of RBS.
Technically, markets are still in a clear downtrend. However, it will not be a straight line down. There should be a strong and sustainable bounce off September lows which should last for 4-8 weeks.
RBS continues to be buyers of Indian equities as valuations are now at a discount to historical averages.
RBI's macroeconomic review suggests continuation of its anti-inflationary monetary stance. This implies additional policy rate hikes post today's expected 25 bps hike.
Despite MSCI India trading 10% below its 5-year average, high inflation, tightening financial conditions and policy inertia have kept the markets rangebound.
EM equities have de-rated since the end of 2010, a 10% discount to their recent averages. We look for renewed re-rating over the rest of this year.
The worst of the policy paralysis may be reversing, underscoring our thesis that a tactical upmove in the Indian market seen since late last week is set to continue.
Global investors continue to be troubled over the news flowing from the US and European markets. Emil Wolter, Head of Regional Asian Equity Strategist at RBS says that Indian investors need to be prepared for more foreign investment outflows in the near-term.
Though upside catalysts still appear limited, we think India could outperform Asia ex-Japan as inflation and growth slowdown concerns seem well recognised and priced in.
The 50 bps rate hike by RBI surprised the markets. We recommend staying with the cautious stance on the market and financials, says Parul Saini of RBS.
The recent inflation data suggests a cautious near-term stance on the markets, says Parul Saini of RBS.
Concerns regarding inflation and political situation are receding on the margin. However, high crude oil prices are a key risk to India's current account and fiscal deficit, as well as investor sentiment.