Markets
BSE See NSE See 39,592.08
157.14 (0.4%)
collapse Related Readings collapse

Picking Up Pace

| 11/22/2010 12:46 PM Monday

The Indian market has come very close to its previous high and is continuing to hover around that level. A similar pattern is being displayed by the Brazilian stock market. Other exchanges that have scaled new heights include Malaysia, Mexico and Indonesia. Compared to their respective high levels recorded around 2008, the Malaysian Exchange has just crossed that point, the Mexican stock market has increased by about 10 per cent while the recent gains recorded by the Indonesian Exchange has seen the previous figure go up by 30 per cent. The above analysis is in terms of local currencies and many of these outperforming exchanges are smaller than the Indian bourses. On the other hand, although the Indian stocks have outperformed many of the emerging markets, their performance is still not the best. So far, the results have broadly been in line with the expectations however they suggest that we are heading for a set of mixed numbers. Very few companies have surprised the market with their results. Nevertheless, market response to the current encouraging results suggests that there are certain other factors weighing on the minds of the investors.

By and large, the investing fraternity is convinced that share prices are being driven by liquidity flows. The macro economic issues are engaging the attention of the investors. Global liquidity flows, currency wars and protectionism are likely to have a significant impact on the Indian bourses. No doubt, the steps taken by the government to manage the economic challenges will be watched closely by the investors. Inflation is expected to be moderate in view of the good monsoons. There could be an easier trend for some of the agricultural produce. However, domestic prices of commodities like metal and various industrial inputs are now largely determined by their cost in the international markets. In view of the high liquidity in the international markets, the inflation scenario is not expected to be benign. Commodity prices have witnessed large fluctuations over the last few years and this volatility is likely to continue, thereby affecting the fortunes of these sectors. In its last policy statement, the RBI did suggest its seriousness about controlling inflation. The repo and reverse repo rates were revised upwards.

The RBI also made clear that it is not likely to raise the interest rates in the near foreseeable future. With a strong demand for credit and a tight liquidity situation, interest rates may not soften.

 

Find More Articles on: DSIJ Magazine, Broker's Best, Markets, Market Outlook, Product, Large Cap, PSU

«« First « Previous |1 2 | Last ››
news letter

More for the early bird.

Get the post-market reports and breakfast news right in your inbox. See latest »

DSIJ Mindshare

Ramco Systems to manage HR operations of Kuwait Food Company

Apurva Joshi / Article rating: 5.0

Ramco Systems has announced that Kuwait Food Company (Americana) K.S.C.C., which is one of the largest food companies in the Middle East, has chosen it to manage the HR operations. Ramco will be implementing its HR suite, including modules to automate core HR, leave, time & attendance, global payroll, talent management and performance management.

Ducon Infra partners with Sterling & Wilson to bid for large GFD projects

Apurva Joshi / Article rating: 5.0

Ducon Infratechnologies Limited has entered into a strategic tie-up with Sterling & Wilson Private Limited, a flagship group company of Shapoorji Pallonji Group, to jointly bid large-sized FGD tenders. Ducon is an emerging technology company providing solutions in the industrial, infrastructure and digital space to multiple business segments across varied industries.

12345678910Last

Tiger Logistics topline to grow by 10%--buoyant over infra sector status to logistics sector

Tiger Logistics topline to grow by 10%--buoyant over infra sector status to logistics sector

Logistics sector will play a vital role in making the concept of ‘Make in India’ a success. This will be further aided by some of the recent steps taken by Government of India such as granting of infra sector status to logistics sector.

Best and worst Performing Sector Funds of Year 2017

Best and worst Performing Sector Funds of Year 2017

As the year-end has approached most of you are eager to know the mutual fund movers and shakers of the year 2017. Read on to find the performance of various sector dedicated funds.

Markets may start positive, but volatility likely due to F&O expiry

Markets may start positive, but volatility likely due to F&O expiry

The start of the F&O expiry day is likely to be in the green, but volatility may creep in with the progress of the session. The SGX Nifty suggests that the Nifty could open at 10,525 with gains of 32 points at the opening bell. 

Pidilite announces buyback of Rs 500 crore

Pidilite announces buyback of Rs 500 crore

The buyback offer comprises purchase of up to 50,00,000 equity shares. The buyback offer size comprises 0.975 per cent of the total paid-up equity capital of the company.

Bank Nifty drags markets to close in the red

Bank Nifty drags markets to close in the red

The late session fall in Bank Nifty changed the direction of the market, leading to a marginal fall in the benchmark indices. Bank Nifty yet again resisted at its multiple point downward sloping trendline level at 25733.

Six major underperforming MF schemes having higher expense ratios

Six major underperforming MF schemes having higher expense ratios

Mutual funds with a large size of assets under management (AUMs) are supposed to have lower expense ratios. However, there are schemes with large AUMs but having higher expense ratios and generating lower returns. 

Nifty Pharma supports market; Sun Pharma at bullish reversal

Nifty Pharma supports market; Sun Pharma at bullish reversal

Nifty Pharma index has come in as the healer in an otherwise sluggish market. Index has given a consolidation breakout at the 9420 level today and if the it sustains 9420, followed by 9628 on the upside, it has a long way to go.

Ten stocks close to their 52-week low

Ten stocks close to their 52-week low

Following stocks are close to their 52-week low as at 12.35 p.m. on December 27.

Ten stocks close to their 52-week high

Ten stocks close to their 52-week high

The markets on December 27 opened gap down. BSE Sensex is trading at 34,068.15, up by 57.54 points and the Nifty is trading at 10,539.45, up by 7.95 points.

Five stocks with selling interest

Five stocks with selling interest

Overall volumes in futures & options currently stand at 62.75 lakh contracts with a turnover of Rs. 5,19,204.72 crore.