What was that again?

“India’s gross domestic product (GDP) growth rate of 5.3 per cent (for the March quarter) has been a shocker. Till now, the markets had fallen heavily as liquidity was the issue. But the falling GDP shows problems are deep enough. The government has to do something about the oil subsidy. You will have to re-tell the India story. It is a broken picture now. Most corporates are sitting on cash and nobody is confident of investing in this scenario.

 

My overall view on market is that this year still remains surprising enough. Last year, we saw the benchmark Sensex fall 20 per cent. This year, I see the reverse happening. It has been volatile so far, but the markets will be up by the end of the year, compared to 2011. It could be two or eight per cent — I don’t know. But you will see a rally from the low levels, which will mean the markets will end higher. I’m not trying to say what the level could be, as there are too many events and uncertainties. In the worst-case scenario, the 50-share index Nifty could fall to 4,000.”- says Andrew Holland, CEO, Ambit Capital

Linkfest:June 06, 2012

Some stuff I am reading today morning:

Bollygarchs at bay-Tension between Delhi and industry (FT)

Petroleum regulator wants Reliances’ gas pipeline licences cancelled (BusinessLine)

Real Estate is a no-no in today’s scenario (FirstPost)

Plans for 2G Spectrum sale move forward (Mint)

RINL defers IPO in volatile market (FinancialExpress)

Negative interest rates-The real game (CapitalMind)

Spain says markets are shutting it out (Reuters)