Several MF managers are trying to tell their investors that it could be the best time to invest as India is different.
The Indian rupee slumped to a record low near 69 to the dollar on Wednesday on growing worries that foreign investors will continue to sell out of a country facing stiff economic challenges and volatile global markets.
Amid imminent phasing out of the fiscal stimulus by US Federal Reserve, Prime Minister Manmohan Singh on Wednesday called for an "orderly exit" from unconventional monetary policies being pursued by the developed world for the last few years to avoid damaging growth prospects of the developing world.
Between now and the general elections (likely in May 2019) there are 12 assembly polls, which analysts say, in a way will also be interpreted as a referendum on the Modi-led government's key reforms
'Markets are likely to remain choppy for the next 6 months.'
Attending a function where former Bharatiya Janata Party president Nitin Gadkari rolled out business plan of his Purti Group, NCP president and Union Agriculture Minister Sharad Pawar said "there are no untouchables in politics".
For now, the rupee is likely to remain dependant on global factors. The dollar held on to broad gains on Thursday after Fed chairman Bernanke said the central bank still expected to start scaling back its bond purchase programme later this year, but left open the option of altering that plan.
The Sensex on Thursday closed 807.07 points down at 22,951.83 points - the lowest closing level for the benchmark since May 8, 2014.
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The Reserve Bank is scheduled to unveil its first quarter review of the monetary policy on July 30.
Indian benchmark indices may witness bouts of volatility this week as traders roll over positions in the derivative segment on expiry of near-month contracts, say experts.
'SC and ST entrepreneurs are showing promise in starting and running businesses'.
Indian companies are in a precarious financial position.
It won't be an easy ride for the markets, reckon experts, considering the multiple state elections in 2018 and general elections next year.
'We are allowing FDI on the terms of the investors, multinationals.' 'We bow down to whatever they say.' 'When they say you open this sector, we open that sector.'
The Reserve Bank of India (RBI) will have to take far more pro-active steps to rebuild forex reserves, because if the status quo remains, rupee could touch 75 per US dollar by the end of 2014, Bank of America Merrill Lynch said in a report.
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Snapping a two-day fall, the rupee opened strong at 59.49 a dollar from the previous close of 59.76 at the Interbank Foreign Exchange Market and then touched a low of 59.59.
The rally in Indian market is mainly due to resumption of foreign institutional investor inflows.
The election of Prime Minister Narendra Modi along with the Reserve Bank of India's commitment to contain inflation have sparked the improved confidence.
Such service providers were given time until the end of October to follow the law of the land.
The forthcoming budget is an excellent opportunity for the Government to fulfill its promise of high economic growth.
Finance Minister P Chidambaram on Monday said the currency will find its level as steps being taken by the government to contain fiscal and current account deficits will improve investor sentiments.
The need for larger investment in infrastructure that is the biggest shortcoming, says A V Rajwade.
'I can confidently say there will be another financial crisis soon enough, and probably more than one global crisis within the next century, given the increasingly integrated nature of the global economy.'
NITI Aayog vice chairperson Rajiv Kumar tells Indivjal Dhasmana that additional funds could be generated through divestment, and that the fiscal deficit should be widened while focusing on the revenue deficit.
The rupee has been falling for five straight weeks, taking its losses this quarter to 6.6 per cent, making it the worst performing currencies in Asia during this period.
The derivatives expiry on Thursday is also expected to add to the volatility.
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.
Rupee will weaken against the dollar in next 12 months, says Reuters poll.
Gold demand in India is expected to be robust in 2014, likely leading to a further jump in smuggling if curbs on bullion imports remain, the World Gold Council (WGC) said.
It could be a tough week In the run-up to such an event, the market is always nervous.
The policy statement by the RBI governor is also expected to be upbeat.
Spread investments in equities, bonds, gold and cash to tackle volatility advise Nitin Singh, MD and head, and Vinay Joseph, director, investment strategy, Standard Chartered Wealth Management, India.
Index heavyweights Reliance Industries and ITC were the top losers along with ICICI Bank and SBI
Be a disciplined investor for attractive returns, says fund managers.
Rumours about a spike in taxes for equity investors are flying thick and fast.
'Prices are rock, bottom, developers are ready to negotiate and banks are keen to lend.'
Positive cues from Asian peers also uplifted the sentiment.
This is the first time in the RBI's history that a governor is leaving without willing to renew his contract
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