Global financial markets are not yet fully factoring in any escalation in the Israel-Palestine geopolitical conflict, said Christopher Wood, global head of equity strategy at Jefferies in his latest weekly note to investors, GREED & fear. The pertinent point about ongoing events in West Asia from a financial market perspective, according to him, is that, despite much talk about a pending ground invasion of Gaza, no such invasion has yet happened. "This is beginning to make GREED & fear wonder if it is ever going to happen.
'Large-caps are better placed to withstand the impact of higher input cost inflation, rising rates and withdrawal of excess global liquidity.'
Since October, FPIs have sold over $26 billion worth of stocks, which is the largest selling ever seen in India, observes Akash Prakash.
'India is an equity market with a breadth and depth of companies to invest in.'
The outbreak of the Omicron variant of the coronavirus and unprecedented lockdowns in China have roiled its equity market and also that of Hong Kong. After the crisis-hit Sri Lanka, China and Hong Kong are the worst-performing stock markets in Asia on a year-to-date basis.
The broadening of the market rally sends the signal that growth will be broad-based, observes Akash Prakash.
In absolute terms, the year closed with the market capitalisation of all BSE-listed companies rising by Rs 45.5 lakh crore to Rs 152 lakh crore, or an increase of 42.8 per cent, compared to the closing value on December 30, 2016, says Pavan Burugula.
The finance ministry said the sharp inflows last fiscal were due to the government's policy initiatives and economic recovery.
Many giving double-digit returns, with India up less than one per cent; even so, it has done much better than other emerging markets.
'Yet the market didn't do all that badly because it was cushioned by domestic inflows.'
The 12.5 per cent EM outperformance this year is surprising. As any market strategist will tell you -- in times of stress when safe haven trades are in fashion, emerging markets typically fall faster than developed ones as investors switch out of what they deem to be riskier assets.
In dollar terms, the Indian markets managed to climb back to 2008 levels only in January this year. The subsequent fall in the rupee because of emerging market woes has once again pushed the markets below their 2008 level in dollar terms.
Does the rally reflect expectations of improving fundamentals or they are likely to correct?
We are entering a period of turbulence, but you can profit off that volatility.
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GEM fund managers more overweight on India than ever before says Bofa-ML report.
'... Whether an incumbent is voted back or a coalition forms a new government except for a temporary disruption for a few weeks.'
The first was wholesale funded banks and non-bank finance companies.
Despite a slowing economy, the Budget does not envisage any major stimulus through the budgeted fiscal deficit figures, said Goldman Sachs.
The S&P BSE Midcap and the S&P BSE Smallcap indices gained 0.3% and 0.5%, respectively
'We want to make sure we stay in India and we have very high hopes from India,' says Mark Mobius.
Sensex is under pressure due to concerns in the global market.
They believe that long-term story is intact.
