Date: |
14-02-2012 |
Subject: |
Budget, Elections & RBI Actions to Drive the Markets: R Venkatraman |
In a chat with ET Now, R Venkatraman, MD, IIFL, shares his views on market outlook.
What are the sound bytes you are picking up from some of your clients from the IIFL investor conference? Are they bullish on India? Are they bearish or now they are regretting that they never followed your advice?
I am talking from the sidelines of Enterprising India, our annual investor conference. The sound bytes which we are getting from the sidelines from investors are that as you pointed out. Some of them are feeling left out because rally has caught everyone by surprise. In the last 45 days, India has been one of the best performing markets. The currency has done well. The markets have done well but overall the mood is quite sanguine and upbeat about India.
There are clearly signs that the worst is behind us. The RBI's signal about the interest rate cooling off has definitely helped. Three or four months down the line, we will have our annual meeting. So that will play a big role especially when it comes to rural demand and the rest of the agri and economy.
And the other big question is when will the RBI start reducing rates. That is one parameter which people are closely watching out. And last but not the least in a country like India, although the budget seems to have lost its significance in the overall broader scheme of things in the last 2 decades, still that is always hanging on us and then you have the elections. So, these are the imponderables that drive the markets.
Source : economictimes.indiatimes.com
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