Govt sees little Fed hike impact on 'fortressed' Indian markets.
It is a pleasure to watch talented actresses break out of their comfort zones.
The trend was visible in the early trade on Thursday as investors indulged in trimming their bets after the minutes of the US Federal Reserve's September meeting indicated a possible rate hike this year.
Hawkish guidance by the US Fed raises concerns it could tie the hands of RBI from trimming rates.
If the DMK is able to sustain the momentum until the assembly polls, the AIADMK especially and the PMK and possibly the infant TVK too would find it hard to sign up with the BJP, explains N Sathiya Moorthy.
'Despite the current uncertainties, the long-term outlook remains constructive due to strong fundamentals, government initiatives, and a stable banking sector.'
Stock markets will be driven by domestic inflation data, ongoing quarterly earnings from corporates and global trends this week, analysts said. News flows around the general election would also be tracked by investors, market experts said.
In signs that the country's growth is on track, the economic activity across the country improved in recent months, according to the US Federal Reserve.
Fed policymakers' deepening uncertainty about their own projections has resulted in the central bank sending mixed messages
Asian emerging market stock prices did see a bounce post Fed-talk.
The rupee has depreciated by 0.6 per cent so far in the current financial year.
Years of unprecedented stimulus has left the Fed swollen with $4.5 trillion in bonds
'Higher interest rates make gold less attractive as it doesn't generate yield.' 'However, with rates set to fall, the tables are turning for gold.'
The Reserve Bank of India has already reduced the policy rate by a total of 75 basis points, or 0.75 per cent, since January.
The Fed has said it wants to be "reasonably confident" in the inflation outlook before a rate hike.
Among the 30 Sensex companies, Axis Bank, ICICI Bank, HDFC Bank, Tech Mahindra, Larsen & Toubro, Bajaj Finserv, State Bank of India, Reliance Industries and Infosys were the biggest gainers. Power Grid, Asian Paints, Tata Steel, Nestle, Maruti and JSW Steel were among the laggards.
Getting out of the zero-rate armchair was overdue, and many in the market will be glad it has finally happened
Many things are going unnoticed by India watchers.
India is more insulated to Fed-related volatility than other emerging markets due to its better economic fundamentals
Improvements in the labour market has triggered this sentiment.
Jewellery stores remained deserted as buyers deferred their non-essential purchases awaiting softness in gold prices.
Market breadth is positive with 942 advances and 196 declines.
Markets now expect the Fed to normalise rates gradually.
The risk of a collision between the Federal Reserve and the markets grew on Friday after Fed governor Randall Kroszner made it clear that the US central bank was not planning to cut interest rates at its next policy meeting, but was largely ignored by investors.
Also keenly watching inflation numbers, with wholesale inflation data expected today
RBI will not follow US Federal Reserve's cue of cutting rates, as Indian conditions differ greatly from US.
The rupee had plunged by 48 paise, logging its biggest fall in more than five weeks, to close at over one-month low of 61.13 against the greenback on Monday following demand for the US currency from importers.
RBI's tricky strategy to ease market's pre-Fed jitters.
Rajan has ignored pressure to loosen policy.
From the Sensex basket, NTPC, Power Grid, IndusInd Bank, Tata Steel, Tata Motors, JSW Steel, Tech Mahindra and Larsen & Toubro were the biggest gainers. Bharti Airtel, Maruti, ICICI Bank and Asian Paints were the laggards.
Fed keeps rates unchanged, sets up possible December hike
Equity markets will take cues from global trends and trading activity of foreign investors, while in the latter part of the week the first quarter earnings from IT majors TCS and HCL Technologies would guide investor sentiments, analysts said. Markets may consolidate after the record rally last week, experts added. "On the domestic front, the Q1 earnings season begins this week. Key companies such as TCS and HCL Technologies will release their earnings on July 11 and 12, 2024, respectively.
'GenAI programmes may not be large in terms of value, but have triggered a lot of new opportunities among clients.'
There is anecdotal evidence that the US economy is really, sharply slowing.
The bias for the BSE benchmark index, technical charts suggest, is likely to remain bullish as long as the index holds above 75,600 levels for the rest of the year.
The Federal Open Market Committee, which decides on rates, struck a positive note, saying economic activity had continued to pick up in recent months and the housing sector is improving.
As the results season kicks in, the quarterly earnings numbers of several blue-chip firms -- such as Infosys and Reliance Industries -- along with global trends and trading activity of foreign investors, will determine equity market movement in the holiday-shortened week ahead, according to analysts. The domestic WPI inflation data for June -- scheduled to be announced on Monday -- will also influence trading sentiments, traders said. Markets will remain closed on Wednesday for Muharram.
Debt mutual fund (MF) schemes, which witnessed relatively muted inflows in the past three years, saw a surge in investor interest in April amid election-induced volatility in the equity markets. Active debt funds garnered nearly Rs 66,000 crore net inflows in April, most at least since December 2020.
The year 2015 may well turn out to be a watershed in global macroeconomic adjustment.
US's terrible political and economic leadership will ultimately cost the dollar its value. India must act early to avoid being dragged down, suggests R Jagannathan.
