Premium valuations and lack of big triggers will weigh on Indian equity markets in the near term, believes Mahesh Nandurkar, India Strategist, CLSA.
On gold buying occasions such as Akshaya Tritiya, Chiraj Mehta points out, investors are often confronted with the question: Should I make just a token purchase, or should I buy more towards building my allocation in the yellow metal?
Fear factors weights on markets, Sensex, Nifty struggle to keep pace.
BSE Healthcare, Oil & Gas, Consumer Durable, TECk, Power and Metal indices declined between 0.5-1%.
The heatwave, brought on by a mass of hot air flowing north from Africa to Europe in recent days, has enveloped Spain, France, Belgium, the Netherlands, Switzerland and northern Italy, and is expected to last several days and extend further north.
Significantly, for the first time, the FATF put Myanmar in the "high risk jurisdictions subject to a call for action", often referred to as the watchdog's black list.
The S&P BSE Sensex ended the session at 25,342, up 3 points while the Nifty50 closed at 7,738 points.
In these times of global uncertainty, be cautious in selecting the right market and fund.
The rupee depreciated further by 7 paise to 65.12.
"Throughout our history we've learned this lesson -- when dictators do not pay a price for their aggression, they cause more chaos. They keep moving. And, the costs and threats to America and the world keep rising," Biden said addressing the joint session of the Congress in his first State of the Union.
Sensex falls at close; metals, banks perform well.
Greeks are split on whether to accept an offer by creditors that Prime Minister Alexis Tsipras calls a "humiliation"
Among the private banking majors ICICI Bank and HDFC Bank were down 0.2%-0.5% each.
Usually, a fall in oil prices is followed with a cut in retail prices of auto fuels and the government passes on the benefit to consumers. However, Morgan Stanley believes gains this time around will remain capped.
The dollar has fallen not just against commodity-linked assets but against other asset prices.
Greece awoke with a political hangover on Thursday after parliament approved a stringent bailout programme, thanks to the votes of the pro-European opposition, amid the worst protest violence this year.
Governor Rajan can be more unambiguously pro-growth.
Neither India nor China will be badly affected by Grexit.
Axis Bank was the top gainer in the Sensex pack, rising around 3 per cent, followed by Sun Pharma, Reliance Industries, ONGC, HDFC, ICICI Bank, Kotak Bank and Bharti Airtel. On the other hand, Infosys, IndusInd Bank, HCL Tech, Nestle India and Tech Mahindra were among the laggards.
Foreign portfolio investors have been net positive since the Union Budget
Select metal stocks rebounded while power stocks extended losses after SC verdict on coal block allocations.
The upcoming July derivatives expiry later in the week would also add some volatility to the market proceedings.
'Markets should be driven more or less by earnings growth.'
Risk sentiment is likely to be favourable if oil prices stay benign, global growth sentiment remains robust and the dollar index does not break out, says B Prasanna.
India has maintained communication with both Russia and Ukraine. It is time Narendra Modi steps up on the world stage and plays the role of peacemaker, suggests military historian Colonel Anil A Athale (retd).
ONGC, Sesa Sterlite, Tata Steel, RIL and HDFC emerged as the biggest losers
If it goes ahead, the combination would create the world's biggest exchange by revenue.
Sweden has the world's highest negative rate.
Athens has pushed two reform packages through parliament
Exports dipped 1.6 per cent to 8.95 trillion yuan.
'The Indian market has all the factors at the moment: Over-valuation, over-confidence, reliance on some source of massive fund flows and massive scams.' 'The trigger for a collapse could also have arrived.' warns Devangshu Datta.
Consequences of China's efforts to stabilise its equity markets after three weeks of declines, which wiped out some 30 per cent of the value is far more importance to the world, says Clyde Russell.
If you are planning for a long-term goal like your child's education in a foreign university, invest about 20% of your portfolio in foreign assets that can provide a hedge against the rupee's depreciation.
Banks led the decline with Nifty Bank and BSE Bank index dropping over 3% each.
The 30-share Sensex ended lower by 46 points at 27,842 and the 50-share Nifty slipped 17 points to trade at 8,378.
Janet Yellen is guiding the Federal Reserve towards its first rate rise in a decade armed with traditional economic models that some economists worry could fail her in a world of massive money printing and near zero rates.
IMF report says billions more cash and debt relief needed
Fed policymakers' deepening uncertainty about their own projections has resulted in the central bank sending mixed messages
'Has the time come to devise Version 2 of ad hoc T-bills?' 'In return, the government must agree to privatise all but five or six banks.' 'If something like this is not done, we will have governments going on the rampage, with increasing frequency,' says T C A Srinivasa Raghavan.
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