Analysts say that the focus now shifts to global events
India Inc has an impressive report card to show for the first quarter of this financial year.
This flight of capital began in early August due to risk-aversion created first by rising geopolitical tensions due to North Korean aggression and second by the US Fed's decision to shrink its balance sheet
A fall presents an opportunity to buy rate-sensitive stocks.
RBI recently hiked LRS limit to $125,000 or Rs 7500,000 as on Aug 19 with $/rupee rate of 60
This route accounts for Rs 2.75 lakh crore of FPI holdings.
Markets taking cue on future rate cuts from RBI policy.
The gap between Nifty's price-earnings multiple and economic growth is at a 12-year high
Given the developments, analysts do not foresee a quick recovery.
It could be a tough week In the run-up to such an event, the market is always nervous.
Sensex, Nifty have lost about 6%, against 0.5-5% decline in other key Asian indices.
The year 2014 has been one of the best for investors in the equity markets.
Growth concerns on China, which has already seen the yuan getting devalued twice in August, have rattled global financial markets, including that of India.
FIIs have offloaded stocks worth Rs 13,110 crore
Brokers like Vasudevan are struggling to keep themselves in tune with this super-informed, new-generation retail investor.
