Investment Updates & Perspectives
- Indian economic recovery will be of U shape with long trough period
Post 3rd quarter results and poor GDP numbers, we have made changes in our Sensex EPS and market assumptions. We have reduced our FY14 Sensex EPS assumption by 3% to 1329. This changes our fair value Sensex estimate for calendar year 2013 from 22, 627 to 21,930.Mar 06,2013
- Indian Equity Market - 2013
At the beginning of 2012 our basic view was the Indian Stock Market was trading at a cheap valuation of 13 and a rally was evident at that level of valuation. Indian Equity Market are now trading close to Sensex 19,500 levels and is up by 27% in 2012.Jan 6,2013
- Has Risk-Off entered in a Bubble Zone?
Lately there been a headline shocker here in India, when Q4FY12 growth came at 5.3%. Though for market, it was an anticipated event and so market reaction to the news was highly indifferent. As we have said in the past, market movement at least in near term will be influenced globally by events happening in Euro-Zone.Jun 2, 2012
- India- The most leveraged bet on global risk-on and risk-off
Last month, RBI was full in its policing action in Indian financial markets to introduce liquidity and contain the Rupee depreciation; RBI took a bold step and bought around US$2.3bn of government bonds.May 30,2012
- Lack of Trading Interest Sign of More Pain Ahead or Sign of Limited Downside
Last week, Nifty fell by 1.8% and closed at 5209. Noticeable development was on Thursday. Last Thursday was F&O expiry day and on that day market remained range bound and difference between high and low of NiftyApr 27,2012
- General Budget: Story moves from De Coupling to Re Coupling.
Last week was event heavy week for Indian economy with RBI credit policy and Budget. In RBI credit policy interest rate was kept unchanged. It’s disturbing to see RBI Governor frequently changing its policy stand on reducing interest rate.Mar 17,2012