Weekly Outlook

Last week saw some significant selling in the Chinese Yuan.    Now that the G20 choosing to look
away at the concerns of the emerging economies with regard to market volatilities,  the latter shall
continue to remain vulnerable to capital outflows.

Now that the Vote on Account is behind us,  there appears to be no significant domestic trigger
except for the data points like the IIP,  etc.    In the light of the above,  global cues will drive Indian
markets.

Finally,  it appears that Nifty may see significant spike in volatility going forward.

Weekly Outlook

Globally,  the risk-off sentiment is prevailing in the markets.    Add to that,  the soft economic
data that has emanated from the US has kept the dollar index subdued causing the yellow metal
to rally in the short term.    Moreover,  the intent of the US Federal Reserve Bank to stay on its
taper course has further added to the risk aversion sentiment.

Locally,  markets will be closely watching the Vote-on-Account (VoA) session in the Parliament
on Monday.    In anticipation of some kind of positive surprise  on the VoA front,  equities saw
some short covering during the fag end of Friday's trading session.    Will the Finance Minister
reciprocate to the market sentiment ?    One will have to wait and see till Monday.    Foreign
Institutional Investors (FII) have been net sellers in Indian equities for the past several trading
sessions.

Finally,  it appears that equities may remain listless with a downward bias.

Market Outlook

The week goneby witnessed some kind of stability returning in the markets.    Volatility was
seen to be subsiding in global markets.    Having said that, emerging markets are not out of
the woods yet.

For the coming week,  world markets will be keenly watching Janet Yellen's comments,
as she will be making a debut appearance before the House Financial Services Committee
on Tuesday and the Senate Banking Committee on Thursday,  as chairperson of Federal
Reserve Bank.

Finally,  it appears that global equities may see a fresh bout of selling at some point of time.

Weekly Outlook

The week goneby, witnessed selling pressure in the emerging market currencies and stocks.
Volatility has spiked up significantly in these markets.    Even rate hikes from the central
banks of some economies have failed to lure investors.    There is no sign of abatement of
this nervousness.

Back in India,  now GDP is estimated at 4.5% much below the previous estimate of 5% as
per a government agency.    Further,  according to a latest data,  consumer vehicles sales
have dropped for the month of January 2014 YoY.

Given all these factors,  markets may continue to remain under pressure for the coming week.

Weekly Outlook

For the earlier part of the week goneby,   markets were inching upwards although unconvincingly.
On Friday,   Ranbaxy haunted the markets and catalysed the correction.    Now,   there is growing
consensus that the economy will have to live with high interest rates for some more time.

Globally,   markets are in the soup.    European equities crashed on Friday.    Emerging market
currencies tanked led by Argentine Peso.    Now this contagion could spread to other markets
as well.    There is a growth concern emanating from China.

Amidst all these,   the prospects for Nifty do not look good going forward.