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:

Reuters Showcase

GDP Growth

GDP Growth

India revises up 2013/14 GDP growth to 6.9 percent.  Full Article 

Pharma Deal

Pharma Deal

Sun Pharmaceutical wins U.S. approval to buy Ranbaxy  Full Article 

Adani Restructuring

Adani Restructuring

Adani hives off power, ports businesses to boost growth.  Full Article 

Bank of Baroda

Bank of Baroda

Q3 net profit down 69 pct on higher provisions  Full Article 

Trading Fees

Trading Fees

BSE slashes fees in FX derivatives battle with NSE  Full Article 

SpiceJet Turnaround

SpiceJet Turnaround

SpiceJet board approves up to $243 mln share sale plan  Full Article 

Currency Market

Currency Market

RBI urges companies to hedge FX exposure  Full Article 

Banking Sector

Banking Sector

Banks say no room to cut lending rates, thwarting RBI easing  Full Article 

Reuters Poll

Reuters Poll

RBI seen holding rates steady on Tuesday, minority of analysts expect cut  Full Article 

Reuters India Mobile

Reuters India Mobile

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