The Global sentiments have been bearish in the markets and it seems this will further continue in the year 2011. The global markets have been performing badly and the Indian markets have been better as compared to the Global markets. The experts expect the markets to consolidate in the second half of the year 2012.
For the nest four to three months the markets will remain range bound in the range of 4,500-5,100 or it can even touch the level of 5,300. The weaker global cues are hurting the markets alot and they may continue to hurt the markets further. This puts the pressure on rupee and rupee could further weaken.
The corporate balance sheets have been mixed and not much effect on the market could be expected from them. One expects the market rally to be dominated by high beta counters in 2012 and sees good opportunities for investors in the education space. The technology space has got disproportionately beaten down and this could hurt the markets further.
The IT business has been moderate and they have not been performing well. But all in all a good 2012 is expected for the markets despite the weak global cues. There is weakness in rupee, which is expected to further be beaten down but in the next part of 2012 one can expect the rupee to improve along with markets. There business coming in the corporate sector and it could improve the earnings in the fiscal year 2012.
Bell The Bull sees a good future for the markets 2012