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B e t o n q u a l i t y m i d c a p s w i t h b e t t e r r i s k r e t u r n t r a d e o f f …
In December 2011, 4600 levels on the Nifty coupled with a |54 on the
exchange rate, the ongoing tough ground realities made the consensus
scary for a further slide on the indices as well as the exchange rate and
register new lows. But only variable, liquidity behaved strangely. This lead
to Indian markets posting their best ever January performance induced by
liquidity and reversal of risk on trade. While after a sharp jump the Indian
markets may consolidate over the next two or three months. Volatility is
likely to get amplified as the markets take cues from domestic events like
the outcome of polls in five states, Q3 GDP number and Budget 2012
(which may provide visibility on reforms). Also, the outcome of events in
the Euro area may add volatility to the markets till March 2012. Apart from
this, clarity on various macro headwinds such as monetary easing (given
the RBI has commenced the loosening process with the recent CRR cut),
direction of commodities and rollover of focus on FY13 earnings outlook
will act as key catalysts for the markets making a move ahead.
In such a scenario, we are recommending select large caps and midcaps
which offer better risk return trade off and should benefit from improved
macroeconomic condition and liquidity.
Visit http://indiaer.blogspot.com/ for complete details �� ��
Click here for PDF LINK ICICI Top PICKS
B e t o n q u a l i t y m i d c a p s w i t h b e t t e r r i s k r e t u r n t r a d e o f f …
In December 2011, 4600 levels on the Nifty coupled with a |54 on the
exchange rate, the ongoing tough ground realities made the consensus
scary for a further slide on the indices as well as the exchange rate and
register new lows. But only variable, liquidity behaved strangely. This lead
to Indian markets posting their best ever January performance induced by
liquidity and reversal of risk on trade. While after a sharp jump the Indian
markets may consolidate over the next two or three months. Volatility is
likely to get amplified as the markets take cues from domestic events like
the outcome of polls in five states, Q3 GDP number and Budget 2012
(which may provide visibility on reforms). Also, the outcome of events in
the Euro area may add volatility to the markets till March 2012. Apart from
this, clarity on various macro headwinds such as monetary easing (given
the RBI has commenced the loosening process with the recent CRR cut),
direction of commodities and rollover of focus on FY13 earnings outlook
will act as key catalysts for the markets making a move ahead.
In such a scenario, we are recommending select large caps and midcaps
which offer better risk return trade off and should benefit from improved
macroeconomic condition and liquidity.