After the rate cut on Jan 15 and a SLR rationalisation taking RRR to 25% the Central Bank in wake of CPI and GDP data holding up a nascent recovery ( GDP modified to 6.9% on new base year hiding a few but showing better traction to results data from the last three quarters) and
DLF judgments seem to really decide speculator and investor sentiments together and adverse judgments against the erstwhile Market Cap leader for India is sooner or later liable to become a transparent weakness of the India story though one shudders to think that someone in Gujarat may already consider another smaller group to be dLF’s equal
The new Infosys starts the week below 2000 even as the Nifty tracks downward from the weekend levels and keeps its nose above 8500, Hero Honda paying for an intemperate rally as ITC hits 360 levels while ICICI Bank is up to 1480 levels. We have probably already mentioned we worry about the indiscriminate fillip to
A land of loan waivers, high energy taxes and still a Rupees Trillion in Divestment, Crude prices still falling and the markets waiting for another 6 months for a recovery probably does hint at a vital flaw why only Banks are left with potential to invest, being at the right place to take advantage of
From where I stand, the next week seems more important to traders right now, so instead of a closing out on a good note sentiment, the markets should prefer to close at near bottoms as the two days of post poolicy trading have been nudging downwards, leaving some unfinished business before stocks start their upward march
INR 82000 Crores as target and none the wiser for it, the FM has his task cut out in the remaining Fiscal, with Governor Rajan having been approved by the markets with much fanfare after he expectedly submitted to inflation being under control we would be ready to slide down from the 8% repo rate.
Though of course, we miss going thru our specific brand of analyses, we will not be presenting a more detailed article on why Guv Rajan would not be presenting a rate cut and meanwhile also not able to educate the market sentiment on how the CEA Arvind Subramaniam will be effecting his first seminal recommendations on