Markets see a quiet start

Markets saw another quiet opening today, on cues from US and Asian markets. The Sensex opened at 18,273. The index slipped into red to a low of 18,238before recovering and touching a high of 18,349.The Sensex up 40 points at 18,315. 

Nifty was up eight points at 5,488.

US markets slumped the most in over two-weeks as a lower-than-expected retail sales data for January dampened investor sentiments. Dow slipped 42 points to 12,227. Nasdaq dropped 13 points to 2,804. 

Asian markets were trading on a mixed note. Hang Seng shed 61 points to 22,838. Meanwhile, Nikkei was up 41 points at 10,788. Te Japanese markets, gaining for the third straight day, crossed the 10,800 mark after nine months.

Indian markets on Tuesday ended a choppy session of trade in the green led by gains in banking and oil & gas shares. The Sensex ended up 72 points, at 18,273. The Nikkei closed at 5481, up 25 points.

Tata Steel would be a stock to watch out for as it reported a two-fold rise in net on Tuesday. The company posted a profit after tax of Rs 1,003 crore for the third quarter ended December 31, 2010, compared with Rs 472.65 crore in the same period last year. The stock is up 2.5% at Rs 632.

Most of the sectoral indices are in the green, barring realty and auto. Realty index has dropped 1% in opening trades.

Metal index has gained over 1% at the same time. The index is at 15,963, helped mostly by Tata Steel.

DLF shed 2% at Rs 235. HDFC slipped 1.6% to Rs 636. 

Tata Motors and Reliance Communications, BHEL, ICICI Bank, HDFC Bank were in red.

On the other hand, Jindal Steel, Larsen & Toubro and Sterlite gained 1-2% each.

Other gainers include Hero Honda, Jaiprakash Associates, Bharti Airtel, Reliance Industries and SBI.

Source:-http://www.business-standard.com/india/news/markets-seequiet-start/125884/on

Indian market to outperform in long run: Experts

Tata Steel Ltd.

BSE

643.45

01.20%

07.60

Vol:288424 shares traded

NSE

643.75

01.23%

07.85

Vol:997262 shares traded

Prices|Financials|Company Info|Reports

RELATED ARTICLES

• Penny stocks can wipe out investment pretty quickly
• India is a better investment destination than China: Larry Fink
• Long term investors should welcome market volatility
• Commodity stocks to keep pace with inflation
• Worst not yet over for stock market, may fall further: Experts

NEW DELHI: “Ours is a long-term bull market which is experiencing a bear phase at the moment. However, the India growth story is intact.” This sentiment was emphasised by technical analyst Sudarshan Sukhani and Amar Ambani, head of research, 

IIFL India private clients, at IIFL and ET NOW’s ‘Buy Now Sell Now’ stock workshop in Noida this weekend . The 5-month low that the market hit on Friday’s trading session has investors worried. 

Post-Diwali boom, indices have witnessed repeated correction and a sharp decline in FII inflows. And the word on the Street is that foreign investors are not going to return anytime soon. Ambani, however, maintains, “Now is not the time to sell. If you have not sold at the highs, there is no point in panicking and selling immediately. Wait this phase out.” 

The outlook in the coming year is not a very bullish one, Sukhani said, adding, “I will not be too surprised if the Nifty reaches a low of 4000 in the next few months. 2011 is going to be a difficult year for the Indian market. FII flows will continue to drop, the smart thing is to stay invested.” His advice is to invest in the blue-chip stocks and refrain from midcap and smallcaps for the next few quarters. 

Sukhani’s top picks include ICICI Bank , Bharti Airteland Sterlite Industries . Ambani also has his eyes on large-cap stocks — Bajaj Industries , Infosys, L&T ,Reliance Industries , SBI , Sterlite Industries and Tata Steel . However, he does not believe in staying away from the entire mid-cap basket, saying instead to choose selectively. His mid-cap bets include OnMobile Global , Petronet LNG and YES Bank . 

The sectors that he is bullish on include banking, auto and pharma. In this cycle of the Indian market, FIIs and retail investors have emerged smarter, not losing out as much as traders and HNIs. The economic growth story of the subcontinent will continue, the only change that is evident already is that the world will not be willing to pay fancy premiums for Indian stocks anymore. 

Experts remain confident on the outperformance of the Indian market in the long run. “Stay invested through the corrections, keep an eye on stocks that outperform the index, and for the next six months invest only when the index is at around 5000 levels,” are Sukhani’s tips on handling this leg of the market rally.

Source:-http://economictimes.indiatimes.com/markets/analysis/indian-market-to-outperform-in-long-run-experts/articleshow/7440739.cms