MARKET EYE-Are Indian equities most vulnerable among BRICs?

Fri Dec 7, 2012 3:09pm IST

Related Topics

* Has the liquidity-driven outperformance of Indian shares among
BRIC markets this year run its course? Some market participants
argue that the reform optimism-led buying may give way to a
technical correction.
* India's benchmark index rose 26.1 percent in 2012 as of
Thursday's close, outperforming all its peers among the BRIC
nations. 
* For graphic: link.reuters.com/quj54t
* Optimism around reform measures by the Indian government has
been rewarded by foreign portfolio flows of $20.51 billion this
year, but on the flip side, equities have now started looking
overbought to some based on technical analysis indicators,
dealers say.
* India's benchmark index is trading in the
"overbought" territory, with its 14-day relative strength index
above 70 for the sixth day.

 (abhishek.vishnoi@thomsonreuters.com /;
abhishek.vishnoi.reuters.com@reuters.net)
FILED UNDER:
  • Most Popular
  • Most Shared

DEFENCE

REUTERS SHOWCASE

Power Theft

Power Theft

India to invest $4 billion to tackle power theft  Full Article 

Debt Funds

Debt Funds

India monitors foreign flows into debt funds, may tighten rules  Full Article 

Bulgari Back in India

Bulgari Back in India

CEO: we shouldn’t have left India so we’re back  Full Article 

 Hindu "Modi-fication"

Hindu "Modi-fication"

Fears grow about Hindu "Modi-fication" of education  Full Article 

Weak Credit

Weak Credit

Hard to hit tax revenue target, credit weak - Jaitley  Full Article 

China Rate Cut

China Rate Cut

China surprises with interest rate cut to spur growth  Full Article 

Gold Imports

Gold Imports

RBI cautious on response to gold import surge  Full Article 

Economic Corridor

Economic Corridor

China commits $45.6 billion for economic corridor with Pakistan  Full Article 

Overseas Funds

Overseas Funds

RBI says overseas borrowed funds can be parked with banks in India  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage