Today,it's tough to make a judgment as to who is following who as far as the global market is concerned; if at all there is such a thing. What we would advise is focus more on your own portfolio rather than rejoicing or sighing by movements in world or local indices.As far as today goes, Asian markets don’t seem to be following the US market. Most regional benchmarks are slightly up or down.
The Nifty futures trading in Singapore are pointing to a positive start. What remains to be seen is whether those gains can be extended further. One factor that some may have ignored is that the rally on Friday and Monday came on lower volume and turnover. Some caution after a big spurt is always good for the health of your portfolio. At the same time, we do not rule out the possibility of the market surprising on the way up. It could continue to ride the current momentum, driven mainly by carry trades and easy liquidity. FII inflows have crossed $15bn already. RIL could be in the limelight as it holds its AGM today.
The Nifty futures trading in Singapore are pointing to a positive start. What remains to be seen is whether those gains can be extended further. One factor that some may have ignored is that the rally on Friday and Monday came on lower volume and turnover. Some caution after a big spurt is always good for the health of your portfolio. At the same time, we do not rule out the possibility of the market surprising on the way up. It could continue to ride the current momentum, driven mainly by carry trades and easy liquidity. FII inflows have crossed $15bn already. RIL could be in the limelight as it holds its AGM today.
