|
Dear
Members
Last
week market trends looked directionless in the absence of major domestic
triggers. Markets entered into creeping mode, post budget buoyancy and
consolidation phase is also evident from the open interest (OI).
The
prime focus of the domestic bourses after strong post-budget gains would be
on the figures of advance tax payments by top Indian firms and inflation
data for February 2010. A rate hike before the next scheduled policy review
in April 2010 is also unlikely. However, a 25 basis points hike in the repo
and reverse repo rate is expected at the April 2010 policy review. As
on 11th March 2010, FIIs bought stocks worth a net Rs. 7,816
crs. this month.
On
regulatory front, IRDA released circular on “Economic Capital” in Life
Insurance space apart from couple of circulars released by RBI. For more
details, please access “Circular Corner” in RAIN website.
Indian
Premiere League's (IPL) Season 3 started with grand opening ceremony in
Mumbai last week with Kolkata Knight Riders winning the opening match of
the season 3.
More
news in week’s to come…
With best regards
V. Ganesh
Chairman – RAIN
www.rainnet.org
|
