Worst over for Indian market

Worst over for Indian market

The worst seems to be over the Indian market and Nifty could find a strong support around 8000 levels is the word coming in from Chris Roberts, Asianomics. A close above 8505 on a daily basis would confirm that the bullish trend is resuming but a close below 7961 on a daily basis would be a worry, he says in an interview to CNBC-TV18’s Latha Venkatesh and Sonia Shenoy. With China on an interest rate cutting spree, the focus has been on that market from March to April, says Roberts. The People's Bank of China (PBOC) reduced both the benchmark lending and deposit rate by 25 basis points to 5.1 percent and 2.25 percent, respectively. Moreover, the MSCI India has fallen 28 percent versus MSCI China since March to April. However, now since China has already seen a strong move, people would wait for consolidation to add further exposure there and would look at India that has now come back to a level which is a good support, he adds. Most of the uptrending stocks in India haven’t broken important supports, which is very encouraging and so the house has been adding exposure to India into names like ICICI Bank , Dr Reddy's Laboratories and HCL Technologies , Zee Entertainment etc. From the auto space, the house is upbeat on Tata Motors and Bajaj Auto , where the risk reward has improved but is not bullish on Hero MotoCorp . Talking about crude he says Brent is unlikely to break past USD 70 per barrel market and would likely be rangebound. On the currency front he says, since became incredible popular and overbought, they have moved out of dollar are long euro and see further correction for the dollar. Euro could see an upside to 1.14-1.15, he adds. Rupee according to him is in a gentle depreciation which is not likely to harm equity investors and could see a sideways movement.

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Source : Moneycontrol.com

Is the worst over for Indian Market

Is The Worst Over For The Indian Market

The Indian Market has recovered after almost tanking for more than 3000 points in Sensex.
The smart recovery of more than 1800 points entails the faith of investors in the Indian market and the long term potential of growth.

With the Govt slowly creating the tenets of a growth engine that India is going to be in near future and the right moves to boost the economy it will be not long when the country will move to its potential of 8-9% growth.

Market fluctuations will continue in future also , But it will be an opportunity to participate and adjust our portfolios rather than panic and move out.

I for one strongly believe in the ability of Modi and the potential of the country due to its demographic advantage.

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India becoming one of world's fastest growing economies: IMF

India becoming one of world's fastest growing economies: IMF

India's growth rate is expected to rise to 7.5 percent this year and next, making it one of the fastest growing economies in the world, according to the IMF's latest economic health check.

The other Asian giant China's economy is slowing to a more sustainable pace - 6.8 percent GDP growth in 2015, and 6.3 percent in 2016, according to the International Monetary Fund's Regional Economic Outlook for Asia and the Pacific.

Growth in Asia and the Pacific will continue to outperform the rest of the world, and is expected to remain steady at 5.6 percent in 2015, easing slightly to 5.5 percent in 2016, said the report released Thursday. Growth will be driven by domestic demand, underpinned by healthy labour markets, low interest rates, and the recent fall in oil prices.

The global recovery, while moderate and uneven, will continue to support Asia's exports, says the report.

The IMF's Regional Economic Outlook calls for a strong push for structural reforms across most, if not all, economies in the region.

The report notes that in addition to boosting productive capacity, structural reforms can help rebalance growth toward consumption, which remains a priority for some major Asian economies.

Major reform areas include measures to address supply-bottlenecks in India, state-owned enterprises, and financial liberalisation in China, and initiatives to raise services productivity, and labour force participation in Japan.

Maintaining flexible fiscal and monetary policies to effectively manage aggregate demand will remain important in the future, say the report's authors.

The report noted that lower oil prices have provided an opportunity to undertake further fiscal reforms aimed at lowering energy subsidies, and measures have been taken in a number of countries, including India, Malaysia, and Indonesia.

Financial and macro-prudential policies should continue to address financial sector risks.

This will be particularly important to increase resilience to shocks, and to contain the buildup of systemic risk associated with shifting financial conditions, and volatile capital flows, the report said.

Asia, which accounts for nearly 40 percent of global output, but contributes nearly two-thirds of global growth, will remain the global growth leader, even though potential growth-the economy's speed limit-is likely to slow, it said.

But the outlook could be vulnerable to adverse events, says the report.

Most Asian policymakers have in place broadly appropriate interest rate and fiscal policy settings, although the risk of renewed financial volatility may warrant a somewhat tighter monetary policy stance in some countries, it said.


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