Even as the Indian benchmarks, the BSE Sensex and Nifty 50, crumbled over three per cent today, experts are optimistic about the Indian economy and believe investors can still make 30 per cent plus returns in 2015
The recovery was led by pharma majors led by Dr Reddy's Labs.
Slowdown persists in China. India's GDP estimates for 2015-16 are liable to be pared; projections for 2016-17 are lacklustre.
Sensex rises, Nifty ends at record high; RIL shares rally.
In the near term, two key factors are the outcome of the monsoon season in respect to cropping yields; and the correction in the crude oil price.
Participants are keenly waiting for the January IIP.
The Sensex ended 290 points higher at 29,095 mark and the Nifty gained 94 points to close at 8,806 levels.
Decline in the rupee coupled with a slide in the crude oil prices have dented the sentiments.
IIP for November 2015 and CPI for December 2015 will be announced today.
Metals, auto and banking shares were in the limelight in this session; the FMCG pack, however, ended lower.
Markets were left high and dry last week, as the 'Monsoon Effect' played havoc on trader sentiment.
The new numbers did not apparently pass consistency checks with production, inputs, or movements in the National Stock Exchange.
Movement of rupee and crude oil prices will also dictate the trend
Markets will remain closed on Thursday, 12 November 2015 on account of Diwali Balipratipada.
Compared to their Indian peers, MNCs have higher return ratios.
