Our Expert's Say's Risky December may make 2015 forgettable year for equity market
Equity benchmarks have shed about 2 per cent in November and are down 7 per cent so far this calendar year. And most analysts expect the indices to remain rangebound during this event-heavy December, unless they are dragged further down.
The benchmark indices had a buoyant start to the year and hit their highs in March, but the pain and frustrations that followed turned those gains forgettable, as the so-called Modi wave dissipated in the face of multiple global and domestic headwinds and an abrupt halt to the government's reforms agenda amid intense political opposition. Add to that the uncertainty and volatility brought in by the slowdown in China and the impending Fed rate hike, and you get what you have today.
"The markets will most likely remain range-bound in December,"
Experts say unless there are some huge positive surprises, the Sensex may well end the year in the negative zone. Should the political logjam to the GST bill get cleared paving way for the implementation of the landmark tax reforms, that can take the market higher some bit, they say.
Equity benchmarks have shed about 2 per cent in November and are down 7 per cent so far this calendar year. And most analysts expect the indices to remain rangebound during this event-heavy December, unless they are dragged further down.
The benchmark indices had a buoyant start to the year and hit their highs in March, but the pain and frustrations that followed turned those gains forgettable, as the so-called Modi wave dissipated in the face of multiple global and domestic headwinds and an abrupt halt to the government's reforms agenda amid intense political opposition. Add to that the uncertainty and volatility brought in by the slowdown in China and the impending Fed rate hike, and you get what you have today.
"The markets will most likely remain rangebound in December," Our Expert Say's "The upside in the broader market is likely to be capped in the near term and it may not move up in a jiffy. It is expected to remain very volatile in the short to medium term,"
Market experts suggest that the Nifty50 may trade at 8,500 level till February end while the Sensex may give over 10 per cent return by next year-end. "We could see a buildup ahead of the Union Budget and Nifty50 may cross the 8,500 level by February-end,"
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