Sensex seems to be under pressure on weak cues.
'The Chinese devalued the yuan initially but then stopped'.
India's macroeconomic environment is improving, but it is still not past the point where it can ignore the developments in the global markets
'Focus on companies with healthy balance sheets and return ratios.'
The road ahead for the markets in the short term will depend on external factors rather than domestic developments.
Hawkish tone likely to guard rupee from further slide
Sanjay Mathur, managing director and head of economics research for Asia Pacific (ex-Japan), Royal Bank of Scotland, tells Business Standard that in the emerging market pack, India needs to learn lessons from Korea and Taiwan, which have managed their economic situations well.
'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.'
The RBI cut rates for third time in 2015 due to favourable economic conditions.
RBI might not cut rate on June 2 but will surely cut soon.
Sensex closed over 118 points down on Thursday.
The 30-share Sensex ended up 12 points at 28,517 while the 50-share Nifty ended nearly unchanged at 8,660.
Indian markets rose 19 per cent in the first half of this financial year, the best performance by any market during this period, globally.
More than half the Sensex companies have declared their results for the third quarter and there are more positive surprises than disappointments.
Global markets could correct 5-10 per cent. If that happens, Indian markets will correct about 10 per cent
Go for high quality and low-to-medium-duration funds in your debt portfolio
The Indian stock markets may turn bearish after the US Fed decides to raise interest rates.
According to him, since India has a low fiscal deficit, a low current account deficit and lower inflation, there is no need for being too dependent on foreign money for growth.
The dollar has fallen not just against commodity-linked assets but against other asset prices.
Debt fund managers think the Reserve Bank governor might at best go for one rate cut in April.
NRIs still send largest remittances than counterparts elsewhere.
The Indian rupee also trimmed most of its early gains and was trading at Rs 61.28 compared to its Wednesday's close of Rs 61.31 to the US dollar.
'The focus is more on the outlook for global growth'.
Data on the real value of the currency against other currencies tells a different story.
Experts believe the market will fall between 1 and 3%.
Benchmark share indices gained for the fifth straight session on Thursday led by index heavyweight Reliance Industries.
The Bank Nifty is likely to be a bellwether.
The broader markets also ended lower in line with the benchmark indices
CEOs of leading banks say third straight rate hike by RBI inevitable, though not desirable.
'It's hard to call whether the Indian markets will go through a time or price correction.' 'There could be a swift 5 to 10 per cent fall in the market in the next two months or there could be a gradual fall and six months sideway movement.' 'Eventually, I think there will be a bit of both.'
'Maybe, India will never be reformed and maybe India will continue to have a quagmire for the rest of history.'
RBI could opt for a 'deep cut' after winning inflation war, say experts.
Raghuram Rajan rejected the argument that inflation has come down largely because of "good luck" stemming from low oil prices.
'Chinese real GDP growth is 7.1% and India's is 7.4%'.
Saurabh Mukherjea, CEO, Ambit Capital, says he is advising clients to either take a genuinely long-term view on stocks or diversify the portfolio with stocks, bonds and gold for those with a short-term view.
Asia has opened largely in the green ahead of a raft of Chinese data due during the day.
'The big elephant in the room is our misguided view about the rupee.' 'India is scared that if our currency appreciates, who will buy from us. But a breakout is inevitable.'
Pharma major Lupin and mortgage lender HDFC were the top losers.
The 30-share Sensex closed at 27,112 up by 481 points whereas the Nifty ended higher by 139 points at 8,115.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances