Page 96 - Volatility News Today

Chadha notes caution pre-election due to US yields, advises good earnings as hedge. Impressed by Britannia, Tata Consumer, Axis, ICICI banks. Favors ICICI, Axis, HDFC, Kotak for growth potential and asset quality in banking sector.

"I think the economic success of Bharat is a foregone conclusion for multiple factors, and Im not being overconfident here. There is a hunger for economic growth within the population, which is significantly driving the India story," J Sai Deepak, who is also a popular public speaker among the BJPs support base, told PTI in an interview.

A recent drop in foreign exchange reserves to $640.33 billion, a six week low, shows the central bank has been selling dollars amid conflict in the Middle East and delayed expectations for rate cuts by the U.S. Federal Reserve.

Ashutosh Bhargava says that it would be wrong to say election results will have no bearing on the market. The market is discounting continuity of the current regime and by no means is prepared for an alternative scenario. A low level of market volatility amidst ongoing pools reflects that. If consensus expectation turns out to be right and event risk is behind, one should expect return of FII flows.

Devina Mehra of First Global reflects on the markets consensus shift towards capital goods, emphasizing the need to monitor potential sector peaks. She also discusses stock market volatility, election impact, and risk management strategies for smallcap stocks. Mehra says: "We have added a few commodity stocks in our last rebalance -- some amount of metal, steel, etc, and even some cement."

Indias central bank has conveyed in no uncertain terms that it will closely scrutinise what it reckons is a trigger for exchange rate fluctuation – derivates trading.

The downshift in the pace of the runoff had been widely expected, although market participants werent sure whether the tapering of the runoff process would happen at this weeks FOMC gathering or the one scheduled for June.

Research shows “advantageous” prices result in outperformance of 139bp trading USD/CHF

Sanjiv Bhasin warns of a potential sharp correction in the stock market due to rising borrowing costs and uncontrolled inflation. He highlights Anil Agarwals plans for the steel business demerger and discusses the challenges faced by Kotak Bank with online KYC regulations. He also says KV Manians resignation from Kotak Bank will get absorbed by the market. There are enough good people within Kotak Bank to take that mantle.

​I think it will be good to have a bit of caution having seen such a massive gain and also we should be watching out for the companies which are delivering very solid numbers to have a slightly better understanding of what could growth look like over the next quarters. I think it is a good time to kind of have a detailed look at the numbers, growth and valuations.