Indian Stock Markets showed some resilience and closed higher. It must have come as a surprise to many since most of the Asian markets were down and US and European markets had closed negative yesterday. Sensex closed at 18,115, up 348 points and Nifty at 5302, up 100 points.
Here is the collection of Analysts views from today
Global factors seem to be impacting sentiments on the market and liquidity is being determined by Asian markets, says Dipan Mehta, BSE/NSE Member, on CNBC-TV18. The market is seeing negative FII flows and unless the FIIs return on a consistent basis, one cannot say that the worst is over, he adds
The market may see a slight fall on Monday or Tuesday so investors need not feel they have missed the bus, says Anil Maghnani, technical analyst, on CNBC Awaaz. Nifty has resistance at 5267 and it could see a correction from there, he adds
he confidence is slowly returning to the market and as long as Nifty trades above 5050 it is a good sign, says PK Agarwal of Bonanza Group of Cos, on CNBC TV18
It is still too early to say if all the bad news has been flushed out of the market, says Anshu Jain, head of global markets, Deutsche Bank, on NDTV Profit. The market still looks in poor shape and there is some downside left on credit and equities, he adds
It is still premature to celebrate and think the worst is over for the market, says Narayan Ramachandran of Morgan Stanley, on CNBC TV18. Though India's long-term story looks strong, the current rally seems more on account of short covering, he says. This rally cannot be termed the beginning of a new bull run yet, he adds
Fuel price revesion will take inflation well above 4%, says Shubdha Rao, Chief Economist, Yes Bank, on NDTV Profit. One can expect inflation to hover around 4.5-4.6% in March, she adds. There could be a rate cut in April or June-July period, she says. There needs to be a balancing act between growth and inflation, she says
Inflation risks in India are on the upside and it can up to 4.5%, says Chetan Ahya, Executive Director, Morgan Stanley, on CNBC-TV18. Demand side risk to inflation is low, but one is seeing supply side pressure, he adds. Risks to inflation in India is more from the global side, he adds.
nterest rates need to go down to revive the consumption story, says Chetan Ahya, Executive Director, Morgan Stanley, on CNBC-TV18. In fact, 125 bps cut in interest rates is needed from the RBI, he says. One can expect revival in consumption growth by year end, he says. He sees FY08 GDP growth at 8.5% and FY09, at 7.5%
The US economy is in recession, but it is still left to see how serious, says Hans Goetti, CIO, LGT Bank, on CNBC-TV18. But he believes the current US recession may be deeper than the last one. Global markets may bottom out by the third or fourth quarter of 2008, he says. But since India is comparitively less co-related to the US, economically, it is better positioned than other emerging markets for the long term, he adds
Prime Minister Manmohan Singh says the government is confident of keeping inflation at acceptable levels, reports NDTV Profit. Inflation is 'iniquitous' tax that is hurting the poor, and therefore it must be controlled, says the PM. India cannot be completely insulated from global factors, though major part of Indian growth is driven by domestic factors, he adds. The government is confident of maintaining 9% growth for FY08, he says
Retail investor is showing some buying interest at lower levels, says Sudip Bandyopadhyay of Reliance Money, on NDTV Profit. He suggests staying invested for a time horizon of 3-5 years. FII interest in the infrastructure space in India remains strong, he adds
Anand Tandon, Director - Equities at Brics Securities said that the bottom may be a few hundred points here and there on the Nifty, but the worst is out of the markets. The euphoria is most definitely over, serious money has been lost and now we can look at fundamentals of the markets, reports CNBC-TV18.
Sanjay Sinha, CIO, SBI Mutual Fund said that the markets will have to wait for a few days for global bad news to subside and that rate softening would be positive for the economy. Speaking to CNBC-TV18, Sinha said he is positive on the midcap space. He added that they’ve picked stocks in banking, financial, engineering and the construction space during the recent fall.
Chetan Ahya of Morgan Stanley sees India’s FY08 GDP growth at 8.5% and that of FY09 at 7.5%. The interest rates need to go down to revive consumption story, he told CNBC-TV18. The lending rates are likely to fall by another 50 bps, he said. Ahya expects a revival in the consumption growth by year-end. There is a need for an interest rate cut of 125 bps from the RBI, Ahya said. The risks to inflation in India are more from then global side, he added.
RK
RentalAndRealEstate.com
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