DALAL STREET face
INDIAN BENCHMARKS posted their 5th straight weekly gain with the support from global markets and also on expectations of further cut in interest rates by RBI in its upcoming monetary policy. Capital goods, realty and power were some of the under-performing sectors which performed really well this week.
GLOBAL MARKET chase
ASIAN STOCKS were broadly steady after a US Federal Reserve official said the central bank may begin to taper its asset buying this summer.
U.S. STOCKS resumed their upward push with both the Dow and S&P 500 closing at new all-time highs following favorable US economic reports.
EUROPEAN STOCKS rebounded with Paris jumping above 4,000 points for the first time since July 2011 as traders went bargain-hunting after earlier losses.
Week ahead
INDIAN INDICES are expected to continue its uptrend as Indian benchmarks are hopeful of a further rate cut by RESERVE BANK OF INDIA in its monetary policy review due in June. But this uptrend could be reversed if the government carries out less reforms for economy growth as Standard & Poor's reiterated its negative rating outlook on India's credit rating citing the major risks for a lower rating would be a high fiscal deficit and heavy government borrowing.
INDIAN BENCHMARKS posted their 5th straight weekly gain with the support from global markets and also on expectations of further cut in interest rates by RBI in its upcoming monetary policy. Capital goods, realty and power were some of the under-performing sectors which performed really well this week.
GLOBAL MARKET chase
ASIAN STOCKS were broadly steady after a US Federal Reserve official said the central bank may begin to taper its asset buying this summer.
U.S. STOCKS resumed their upward push with both the Dow and S&P 500 closing at new all-time highs following favorable US economic reports.
EUROPEAN STOCKS rebounded with Paris jumping above 4,000 points for the first time since July 2011 as traders went bargain-hunting after earlier losses.
Week ahead
INDIAN INDICES are expected to continue its uptrend as Indian benchmarks are hopeful of a further rate cut by RESERVE BANK OF INDIA in its monetary policy review due in June. But this uptrend could be reversed if the government carries out less reforms for economy growth as Standard & Poor's reiterated its negative rating outlook on India's credit rating citing the major risks for a lower rating would be a high fiscal deficit and heavy government borrowing.