December 7, 2012 / 9:43 AM / 5 years ago

MARKET EYE-Are Indian equities most vulnerable among BRICs?

* 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
* For graphic:
* 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.

 ( /;

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below