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| S.Lakshmanraman |
Investors are exposed to market & unsystematic risk and the next trigger will the 4th quarter results and a reduction in interest rate by the RBI (Reserve Bank of India), Mr. S.Lakshmanraman,said speaking on ‘Budget 2012-13- A stock market perspective,' at an investors awareness programme organised by the MSE (Madras Stock Exchange) Trichy under the auspices of the Securities Market Awareness Campaign of SEBI. .
India's long term growth story continues though we are facing headwinds such as a falling GDP (Gross Domestic Production), rising fiscal deficit, stubborn inflation, high interest rates & falling rupee value. The prevailing environment will lead to high level of market volatility, he said.
Agriculture, fertilizer, infrastructure & power sectors would benefit from the Union Budget 2012-13 as it offers many concessions to these sectors, he also said.
Emphasising the importance of risk management for successful investing, he advised investors to watch macro economic indicators while making investment decisions.
Mr. V.Nagappan, Director, MSE, gave an overview on ‘Investment in gold and equity through ETF,' and advised investors to go in for ETFs or e-gold when choosing gold as an investment option. However, it was important for investors to have a balanced exposure and proper asset allocation, he said.
He also disclosed that the MSE would start a programme for new entrants to stock markets from April (2012) month. Mr. S.Venkateswaran, Director, MSE, also spoke.
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