Weekly Market Analysis Week Beginning 14th October 2013
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Fixed Income Market Analysis Liquidity conditions will make RBI put off repo rate hike
RBI cut the MSF rate by 50bps, held an Rs 10,000 crores OMO (Open Market Operation) purchase auction and infused Rs 19,000 crores through 7 day term repo auctions at 8.80% to ease system liquidity and bring down rates at the short end of the yield curve.
Equity Market Analysis Sensex and Nifty Rise on Positive Domestic Factors
The Sensex and the Nifty rose 3.08% and 3.20% respectively on account of positive economic data pertaining to trade deficit, RBI’s decision to improve liquidity in the banking system and strong Infosys Q2FY14 results in the last week.
Information herein is believed to be reliable but the editor of Investors are Idiots.com Arjun Parthasarathy does not warrant its completeness or accuracy. Opinions and estimates are subject to change without notice. This information is not intended as an offer or solicitation for the purchase or sale of any financial instrument. The financial markets are inherently risky and it is assumed that those who trade these markets are fully aware of the risk of real loss involved. Unauthorized copying, distribution or sale of this publication is strictly prohibited. The author of the articles may have investments in instruments that are the subject of the articles.
14th October 2013
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