Moody’s India upgrade is unlikely to make a big difference, says Geoffrey Dennis of UBS.
The earnings expectation is somewhere in the 15-20% range and market should roughly rise by the same amount.
Moody’s upgrade: don't expect an aggressive onshore bond market rally, says Leong Lin-Jing, Aberdeen
The outlook for local currency bonds will be more a function of India’s monetary policy and fiscal policy outlook.
FPIs bought shares worth Rs 1,276.62 crore on Friday, provisional data showed.
On inflation, investors are less concerned about a mild uptick in CPI, they are more focused on the RBI sticking to the policy targets and range.
Aggressive pricing & higher funding costs dampen optimism about making a quick buck.
Reliance Communications ended down 12.1 per cent at Rs 10.15 after hitting a low of Rs 9.60 during the day.
Traders have been selling call options in the last few days, particularly 10,300-10,500 strikes.
The big bull run in India was between 2002 and 2009. That was more fundamentally based.
FPIs resume pullout from the country as crude oil rally revives worries about inflation.
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