The markets appear to be on the verge of a take-off while significant upside is likely in the short term, said former BSE president Deena Mehta. "The markets appear to be on the verge of a take-off, and I see that a significant take-off happening within six to nine months period," Mehta, who is the chairperson of Indian Merchants Chamber's (IMC's) Capital Markets Committee, said.
Over the past one or two decades, dynamics of the domestic stock markets have completely changed, giving rise to 30-40 percent short-term machine trading, wherein companies keep on generating orders in large numbers. In this fleeting, volatile scenario, retail investors have become a confused lot, she said over the weekend.
"Despite such negative factors, the domestic markets had held on owing to a robust underlying optimism and positive economic indicators. After losing 25 percent in 2011, the market has gained over 12.5 percent in 2012," Mehta said.
SBI Mutual Fund CIO Navneet Munot told a seminar organised by IMC here that the current phase of volatility is due to poor governance at the Centre, besides economic crisis faced by many countries in the Eurozone, policy paralysis and political indecision resulting in lack of key structural reforms.
"However, I feel it is going to lead to some action from the government now, which was missing and had caused concerns for investors," he said, adding the investors need to take the right step at right time to invest in companies/instruments that can give "above normal" returns.
Coca Cola, the world's largest soft drink maker, today said it won't slow down its USD 5 billion investment plans in India.
The resilient Indian IT industry is building next generation enterprises to leverage the emerging opportunities in cloud computing and mobility space worldwide.
Nissan unveiled a revamped version of its sports utility vehicle- Terrano in Mumbai on Tuesday.
Maruti has launched an upmarket looking Wagon R, called the Stingray (no relevance to Corvette Stingray or any other legendary car with that name plate) in India at Rs 4.09 lakh, ex-Delhi.
Luxury automobile makers Rolls Royce launched their latest offering - the Rolls Royce Wraith - in India on Monday
To summarise the collective commentary on why the rupee is falling, the immediate triggers are the imposition of capital controls and the hike in import duties on 'non-essentials' like gold and flat screen TVs.
Reserve Bank of India (RBI) on Tuesday announced a slew of measures, including Rs 8,000 crore bond buyback, to ease liquidity and ensure adequate credit flow to the productive sectors of the economy.