New Delhi: Market experts feel that FII confidence won't be dented by 7/11 Mumbai bomb blasts.
They have, in a way, these experts believe, have subtly learned to make do with terror acts globally; be it the US, the UK or India. The market outlook could be very good going ahead, they said with confidence.
| “Mumbai bombings will not have much of an impact of FII confidence in India”
- DSP Merrill Lynch |
| “FIIs have to subtly learn to make do with terrorism”
- DSP Merrill Lynch |
| “These are one-off events that keep happening”
- Sumeet Rohra, Antique Stock Broking |
| “Local sentiments and Infosys results should help in controlling the damage”
- S P Tulsian, Investment advisor |
Andrew Holland, DSP Merrill Lynch
The Mumbai bombings Tuesday will not have much of an impact of FII confidence in India. The investors in the US and the UK and in India now will have to subtly learn to make do with terrorism.
Obviously, people would like to wait and watch today for further developments and by and large we might get some kind of an immediate reaction. However, after that they will eventually look at the normal fundamentals that drive any economy.
The market outlook could be very good going ahead
The market outlook could be very good going ahead with Infosys announcing good results for Q1FY07.
If there were no more tragedies or terror strikes markets would come back to normal again. Infosys' results are a positive surprise and may help a pullback later if the markets slide later in the day. The results have come on a day that we all needed.
S P Tulsian, Investment advisor
Local sentiments and Infosys results should help in controlling the damage
FIIs have been a bit negative on India and especially the emerging markets, so they will be a bit negative but local sentiments and Infosys results should help in controlling the damage. Damage should not be as much as it was expected Tuesday.
Sumeet Rohra, Antique Stock Broking
These are one-off events that keep happening
Nifty can go up from these levels. Overall market sentiment will be decent. These are one-off events that keep happening so FII will not lose confidence.
Market outlook is positive because Infosys guidance was good. Market was looking for a direction and it came from Infosys results and markets will pick up.
Deven Choksey, K R Choksey
Tuesday’s blast will not impact the FII confidence
Tuesday’s blast will not impact the FII confidence. This is not something that is happening only in Mumbai, it is also happening in US, London. It should not be a cause of concern. IT results will drive the markets positively.
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