Due to tax associations with the fiscal-ending, April is a month of SIP renewal. So, the April numbers will be important and may perhaps, mark a change in retail attitude.
'The good news is that money continues to flow into India-focussed offshore funds.'
Market experts on why the bulls will be on the rampage first thing on Monday after the scrapping of enhanced surcharge on FPIs and other measures to ease the systemic liquidity squeeze and boost demand. Prasanna D Zore reports.
Focus will, however, shift back to corporate earnings, liquidity situation and global events - specially crude price.
Of the total investments made last month, P-note holdings in equities were at Rs 72,321 crore and the remaining in debt and derivatives markets.
The new system would be especially beneficial for Qualified Foreign Investors.
Long-term investors should consider moving into smaller stocks. Rather than try to pick stocks, it makes sense to build a diversified portfolio by exposure across midcap and small caps funds, suggests Devangshu Datta.
Market watchers believe that the change in guidelines fly in the face of some of the recent initiatives taken by the government, such as easing norms for foreign portfolio investors.
Gold, forex assets, IT sector, pharma. Devangshu Datta explains why each of these is a good hedge against market shocks at this time.
The decision would help provide ease of doing business and also lead to larger FDI inflows contributing to growth of investment, income and employment.
Analysts said even though the Indian economy is expected to slow down to 7.2 per cent in fiscal 2020, it is still the best bet for investment for foreign investors.
Nifty continued to register successive new highs as it crossed the 9,200 mark on Friday
India is now a biz friendly nations, say Arun Jaitley.
Q3 results have been poor but better than extremely low expectations.
The market is moving up because there is a high degree of speculative retail and operator action. This is rarely a situation sustainable for any lengthy period, says Devangshu Datta.
Growth remains weak, inflation is within 2-6% range, rate cut would help recoup forex reserves
FPIs would be classified into two categories instead of three, while the requirements for issuance and subscription of offshore derivative instruments would be rationalised.
The US Fed will decide if it should raise interest rates from near-zero levels first time in a decade.
The broader Nifty too fell for the second straight session and closed with a loss of over 62 points, or 0.54 per cent, at 11,520.30, after hovering between 11,496.85 and 11,602.55.
The Budget emphasises on capacity building and empowerment of marginalised sections of society including farmers.
Rupee hits 2-month low against dollar on US rate hike fears.
Today, it holds $131 billion in assets under management.
'For those looking at forward-looking signals for the economy from the stock markets, the relative performance of small and mid-caps may be a better indicator of the future than the index levels of the narrower and more popular indices', says Neelkanth Mishra.
The rupee surged to its highest level in five weeks to end at 65.58 by gaining 38 paise against the US currency.
The new norms provide an operational framework for FPIs, a new class of overseas investors that club all existing class of investors like foreign institutional investors and Qualified Foreign Investors.
A host of factors including the reform measures taken by the government and decline in global oil and commodity prices have led to lower inflation, the Finance Ministry said on Wednesday.
'As the growth momentum reverses benefiting from re-monetisation, it will be accompanied by a rise in inflation.'
The rupee closed at Rs 66.21 in its last trading session.
As and when the GST comes in, Budget projections will have to be unbundled and revised. In fact, the pragmatic decision would be to present another Budget! This makes the passage of the Finance Bill with its multiple unrelated amendments seem even more dubious, says Devangshu Datta.
Various global and domestic factors had a sizable impact on the performance of the Indian markets
Since December 2018, monetary policy has been eased substantially by RBI with policy rates being cut by 75 bps and policy outlook being changed to 'accommodative'.
'... Whether an incumbent is voted back or a coalition forms a new government except for a temporary disruption for a few weeks.'
Being one of the early commentators to flag economic slowdown and caution investors on corporate earnings, Gautam Chhaochharia, head of India research, UBS Securities, in an interview with Hamsini Karthik says the markets remain in an expensive zone despite the recent correction.
For current financial year, govt plans to borrow Rs 2.88 trillion in the first half of 2018-19, out of Rs 6.05 trillion planned for entire year
Indian economy was growing faster than the global average and all other major economies: FM
Besides higher tax outgo, P-note issuers are worried about operational difficulties
If the rupee falls further, it would negatively impact the dollar-based returns of foreign investors, and could influence foreign flows into India.
Rupee hits 2-month low, down 21 paise against dollar.
Signing of the pact will hopefully end stock market uncertainty that came with the mention of the M-name