Tarun Kataria says despite all the negative macros, foreign investors have not been major sellers as that might kill both the market and the rupee and FIIs do not want to risk these factors as they have kept market buoyant.
Tarun Kataria, Religare Capital Markets told CNBC-TV18 that currently both the equity markets and currencies is on the weak side and the Nifty could see more pressure on the downside.
Tarun Kataria of Religare Capital Markets tells CNBC-TV18, the rally that the Indian market has seen so far in 2012 shows that the investors mood is clearly different from last year.
In an interview with CNBC-TV18, Tarun Kataria, CEO of Religare Capital Markets, spoke about his reading of the market and the road ahead.
The governments move towards fiscal consolidation was most pleasing part about the budget.
Will the RBI revise its FY11 inflation forecast higher? If yes, then how will the markets (that are already quite iffy) react to it?
It's a positive start to the trading week. Strong earnings from the banking pack helped bolster the sentiment.
Tarun Kataria, CEO, Religare Capital is bullish on the IT sector.
The RBI is set to announce its quarterly monetary policy on Tuesday. And, Tarun Kataria CEO of Religare Capital says though there is no material move-up expected in the indices, they may get spooked by the 50 basis points hike expected tomorrow. "In fact, the banking sector could see rally post the rate tightening cycle," he adds.