Asserting that a delay in the roll-out of Goods and Services Tax is a positive for Indian economy which is battling the impact of demonetisation, Rahul Singh of Ampersand Capital Investment said FII inflows may get hit if April 1, 2017 deadline is missed.
The Reserve Bank of India will be sensitive to dollar-rupee movement and correction on account of November 8 US presidential elections, Ananth Narayan, Head-Financial Markets, Standard Chartered Bank, told CNBC-TV18. There is a lot of reason to be cautious on the rupee, he added.
Domestic institutional investors are still buying in a big way and a check with foreign institutional investors also suggests they see the recent market decline as a temporary blip and are keen to pick up quality stocks, says Harendra Kumar of Elara Capital.
In CNBC-TV18's latest offering, Get Rich, experts -- Rajesh Kothari, Founder MD at ALFAccurate Advisors and Jigar Shah, CEO at Maybank Kimeng Securities -- advice people on how to build a solid portfolio as well how to repair your portfolio in volatile times like this.
There is a definite scope for further easing even though the monetary policy did not specifically mention about it in its statement on Tuesday, said Tirthankar Patnaik, India Strategist at Mizuho Bank.
Credit Suisse' Neelkanth Mishra expects repo rate to fall to a decade low in the coming quarters. He says that beginning December the market may see a robust and widespread pick-up which may boost indices.
While we are sticking with our overweight in tech, we are suggesting a switch to banks for investors who want to take profit. One of the top picks from the CS regional portfolio is HCL Tech, says Sakthi Siva of Credit Suisse.
Indian shares fell over 400 points last week amid rising tensions between India and Pakistan, the biggest fall since Britain's vote in June to leave the European Union briefly drove investors out of emerging markets.
In an interview with CNBC-TV18, veteran stock broker Dipan Mehta talked about how investors and traders should approach the market in light of the Reserve Bank of India's monetary policy decision today.