Top five themes for Indian stocks, debt and FX in 2013

Mon Dec 31, 2012 4:44pm IST

A broker looks at computer screens at a stock brokerage firm in Mumbai May 10, 2010. REUTERS/Arko Datta/Files

A broker looks at computer screens at a stock brokerage firm in Mumbai May 10, 2010.

Credit: Reuters/Arko Datta/Files

Related Topics

Stocks

   

Reuters Market Eye - TOP FIVE THEMES FOR INDIAN STOCKS IN 2013:

*Acronyms in fiscal and economic reforms: GAAR, GST, STT

* Disinvestment and IPOs: BSE listing could be key

* FIIs vs DIIs: As FII positions become overweight, lack of DII buying would spell trouble

* Valuations and earnings: Not far from historic averages of 15-16 times; earnings to grow 9-10 percent

* Cyclicals to overtake defensives and interest rate-sensitives? Watch global economy, domestic consumer

TOP FIVE THEMES FOR INDIAN DEBT IN 2013:

* Bull-steepening potential on RBI rate cuts

* Call rates to stay above repo rate, OIS inverted in continued liquidity squeeze

* With CRR at near historic lows, OMOs may remain liquidity tool

* Fiscal, economic reforms may be undone by populist 2013/14 budget

* Bond market reforms: withholding taxes, FII limits will be key

TOP FIVE THEMES FOR INDIAN FX IN 2013:

* RBI's interest rate cuts may support

* RBI FX reserves at 6-7 months' import cover

* Global risk and outlook for euro, dollar

* Current account deficit/balance of payments: structural or cyclical?

* FII flows: strong stock buying in 2012 sets up prospect of falling inflows

(Reporting by Rafael Nam)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

REUTERS SHOWCASE

Coal Block Allocation

Coal Block Allocation

Government urges Supreme Court to not cancel some 'illegal' coal mines  Full Article 

Modi in Japan

Modi in Japan

Japan and India agree to boost strategic ties at summit  Full Article 

Basel III Norms

Basel III Norms

RBI amends Basel III guidelines for banks  Full Article 

HSBC PMI

HSBC PMI

Factory activity expands at slower clip in August.  Full Article 

Current Account

Current Account

Balance of payments surplus for third straight quarter  Full Article 

India Infrastructure

India Infrastructure

RBI rule handicaps India's infrastructure hopes  Full Article 

Book Talk

Book Talk

Reema Abbasi and a glimpse of Pakistan’s Hindu past  Full Article 

China Economy

China Economy

Retreat in China's PMIs heightens calls for policy easing.  Full Article 

Managing Share Sales

Managing Share Sales

Govt seeks bids from banks to manage PFC, REC share sales   Full Article 

Reuters India Mobile

Reuters India Mobile

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