With the benchmark inflation indices - Wholesale Price Index and Consumer Price Index - falling sharply, traders are expected to push up rate-sensitive sectors such as banking, automobiles, real estate and two-wheelers on hopes that the Reserve Bank of India will either make a token cut or give a dovish outlook in the December policy. The banking index closed at 20,118 on Friday, up two per cent for the week.
Joydeep Ghosh
Shorter timeline for IPOs from this week?
Initial public offering (IPO) investors are used to a long wait (nearly a fortnight) to see if their shares list at a premium. This may change soon. The Securities and Exchange Board of India is likely to clear a proposal for electronic IPOs in its agenda-heavy board meeting on Wednesday. The move is set to reduce the time for listing of shares from roughly a fortnight to around four days.
Jayshree P Upadhyay
Short-sellers trapped, for now
With the Sensex crossing 28,000 points, an uncharted territory, short sellers are finding themselves in a tight spot. Market experts say with the benchmark index neither rising nor falling sharply, traders have tried to short sell in the past couple of weeks, only to find that there has been a rebound. But things are expected to change soon once the market gets settled at its new levels. "When the market entered a range which has not been seen before, short-sellers are always at a disadvantage because the likelihood of their predictions going wrong is very high. But it is only for a short period. They will be in action soon," says a market player.
Joydeep Ghosh
