MoneyControl Stock Market News

Given the amount of foreign funds that Japan has attracted year-to-date, the market should have not been totally surprised by the fall seen on Thursday.

CNBC-TV18's market experts advise investors to stay with the short bias on the markets amd avoid bank-stocks till expiry of the May series.

Nischal Maheshwari of Edelweiss Financial Services recommends continue holding quality stocks for the moment.

Amit Trivedi of Investworks.in cautions of high volatility in near future. He, however, sees the Nifty touching a fresh all time high at around 6,300 by December 2013

The only positive for the Indian market at this stage is easing inflation, Bhat said. For investor sentiment to change for the better, the government needs to come out with some policy actions, he says.

Ambareesh Baliga, Edelweiss Financial is bullish on market and does not see too much downside from here. He feels the liquity in flows will continue in emerging markets like India.

Mahesh Nandurkar of CLSA said their top picks from the oil PSUs would be BPCL and Oil India.

Amit Dalal of Tata Investment says, in an interview to CNBC-TV18, that a fall in the rupee has failed to deter FIIs and inflows have remained strong enough to keep the market stable.

Upstream companies may have to shell out more for oil subsidy contribution in FY14, believes SP Tulsian.

Equity benchmarks rose to their highest levels since January 2011 this month, while the 10-year bond yield dropped to its lowest in more than three years, powered by record inflows from FIIs on rising expectations that easing inflation may prompt the RBI to cut the interest rate again in June.

Equity benchmarks rose to their highest levels since January 2011 this month, while the 10-year bond yield dropped to its lowest in more than three years, powered by record inflows from FIIs on rising expectations that easing inflation may prompt the RBI to cut the interest rate again in June.

Amit Gupta of ICICI Direct feels that 6,200 Call option will remain a critical resistance for Nifty. One should wait for some profit bookings to reenter from lower levels.