Pre-market podcast

Equities outsmarted other asset classes in FY18 as Sensex and Nifty rose by about 10-11%

FY19 will be dominated by newsflow around politics with several states going for elections

Valuations for large-caps, while not lucrative, are no longer rich after the recent correction

Overall, fundamentally analyst remain sanguine for FY19

Key risks stem from macro factors like a spike in crude oil prices, ramifications of a potential global trade conflict and faster than expected pace of global monetary tightening.

For the week – it will be a busy week for investors

The upcoming week will also see a rejig in the Nifty index of National Stock Exchange (NSE).

Ambuja Cements, Aurobindo Pharma, and Bosch Ltd will be excluded from the Nifty 50 index, while Bajaj Finserv, Grasim Industries and Titan Company will find a place in the index.

The RBI's Monetary Policy Committee (MPC) will meet on April 4-5, 2018 for the first bi-monthly monetary policy for 2018-2019. Most experts feel that the central bank is likely to stay status-quo this time.