The markets will be eyeing the amendments.
'I am not optimistic about the global economy for the next couple of years.'
Though the developments are positive, analysts say the benefits will accrue only in the long run
After enduring volatility for the first two months of calendar year 2016 (CY16), global equity markets have recouped some of the losses in March. Jigar Shah, chief executive officer, Maybank Kim Eng Securities, believes the next triggers for the rally will come from a soft landing in China and no recession situation in the US.
A total of 183 stocks rallied 10 per cent, of which 32 stocks saw price appreciation of 20 per cent each.
Dhawal Dalal, executive vice-president & head, fixed income, DSP BlackRock Investment Managers, expects the central bank to hold rates for the rest of calendar year 2016.
Analysts expect the indices to dip further if the global macros do not stabilise
India remains an attractive destination and the recent sell-off has made valuations attractive in the large-cap space.
Given the developments, analysts do not foresee a quick recovery.
As many as 142 stocks from the S&P BSE500 index are currently trading below their level of May 12, 2014
So, what does 2016 have in store for the Indian markets? Will they be able to take a giant leap forward in the leap year, and what are the key risks?
The S&P BSE Sensex has dipped five per cent, thus far, in CY15.
Indian equities are in a multi-year bull story with capex cycle recovery as the main driver.
Goldman Sachs forecasts real GDP growth to accelerate to 7.9 per cent in FY17 from a projected 7.5 per cent in FY16.
Since 2005, in 8 out of 10 years (except in CY11 and CY14) the benchmark indices have given positive returns in December.
Participants will keenly watch fate of GST Bill in Parliament.
Experts say the BSE Sensex could rise to around 32,000 in a year.
The rally in most of these stocks is partly attributed to impressive financial performance.
Investors still seem to have a disinflation bias to their thinking.