Sooner the political uncertainty is over; stock indices looking upward, the bulls are back in Indian burses. The FIIs are watching the situation with caution. The macroeconomic condition is still not bright, global crude oil price; reduced corporate earnings, inflationary pressure and rising trend of interest rates are the factors bothering them. It is reported this year FIIs till date have been net sellers amounting $7 billion dollars (Rs 27614.20 crores). However, the stability of government ushers a strong hope for going ahead firmly with more economic reforms. Institutional investors domestic as well as international all are expecting in the same line. It is reported again that Institutional investors invested in gold and companies associated with it have shown good returns. Though the near term sustainability is uncertain but long term trend of their investment is bullish. General public or investors in general may wait for number of Public Sector Undertaking issues in the pipeline. They are RITES, OIL INDIA,NHPC, NTPC, IRCON INTERNATIONAL, COAL INDIA, HPCL, GSPC, BANGALORE METROPOLITAN TRANSPORT, NATIONAL AVIATION COMPANY, TELECOM CONSULTANTS INDIA; this are likely to meet the fiscal deficits. Wait and watch for the opportunity, look before you leap.
A blog that focus on society and global economical issues.
Comments