​​​
  1. View from the buyside: Fed-led Indian stock gains irrational, says IDBI Federal

View from the buyside: Fed-led Indian stock gains irrational, says IDBI Federal

Irrational behaviour in stocks tracking U.S. markets rally after Fed may not last long...

By: | Published: March 19, 2015 6:08 PM
indian stock, US Federal Reserve, Indian stock fed, fed led Indian stock, IDBI Federal, IDBI Federal indian stocks, indian market, market news

Indian shares rise; exporters up on bets rupee would weaken after Fed. Reuters

* Irrational behaviour in stocks tracking U.S. markets rally after Fed may not last long – Aneesh Srivastava, chief investment officer, IDBI Federal Life Insurance

* Fed committee chooses to remove promise it would be “patient in beginning to normalize the stance of monetary policy”

* Says would raise rates when it feels “reasonably confident” that inflation will move toward its 2 pct goal over medium term

* Earnings growth and valuations don’t look comfortable; defensive stocks leading gains

* Indian shares rise; exporters up on bets rupee would weaken after Fed

* Emerging markets would be affected after Fed; severity for India may not be as much given deficits are “optically” under control – Srivastava

* Says not increasing positions and would churn towards defensives and cash

* Top pharma holdings include Lupin, Dr.Reddy’s Laboratories

* MSCI India is trading at 12.5 pct premium to MSCI World

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Go to Top