Markets ended nearly three per cent lower in the volatile week to September 27 on worries that the central bank may avoid rate cuts for now after it flagged concerns over high inflation. Investors also turned cautious ahead of the June quarter current account deficit, which is expected to be higher than the March quarter.
All fund managers were on the sidelines for the week given the various uncertain domestic and international scenarios.
Some of the pointers that the managers are looking forward to are how the Wall Street will be reacting to the federal budget stand-off and locally, the likely tepid Q2 earnings and a slew of economic data points, which are expected in the coming week, to can move the markets either ways.
Sunil Jain and Taher Badshah continue to largely hold on to their cash. The participants from Edelweiss, Angel Broking and Emkay are yet to start building their portfolio.
All fund managers were on the sidelines for the week given the various uncertain domestic and international scenarios.
Some of the pointers that the managers are looking forward to are how the Wall Street will be reacting to the federal budget stand-off and locally, the likely tepid Q2 earnings and a slew of economic data points, which are expected in the coming week, to can move the markets either ways.
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Ankit Agarwal from Centrum was the only active participant, whose portfolio closed a tad higher, eking out a marginal gain of 0.2 per cent. So far, he has invested over 60 per cent of the Rs 10 lakh capital provided.
Sunil Jain and Taher Badshah continue to largely hold on to their cash. The participants from Edelweiss, Angel Broking and Emkay are yet to start building their portfolio.