Weekly Market Analysis Week Beginning 4th November 2013
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Fixed Income Market Analysis Four factors bond markets will watch out for in November
The bond market is going into Diwali 2013 on a pessimistic note. The ten year benchmark bond, the 7.16% 2023 bond saw yields closing at 8.66%, up by 8bps week on week. Bond yields are rising on worries over many factors that are likely to affect the market in the month of November.
Equity Market Analysis Equities can stay at record highs on improving corporate numbers
The Sensex and the Nifty rose 2.48% and 2.64% respectively with the Sensex closing at record high levels and the Nifty at a 3 year high in the last week. The RBI monetary policy was the highlight of the week that saw a hike of 25 basis points (bps) in the repo rate under the Liquidity Adjustment Facility (LAF) to 7.75% and a reduction of 25 bps under the Marginal Standing Facility (MSF) from 9% to 8.75% with an immediate effect.
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.
4th November 2013
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