Saturday, April 30, 2011

Key Events Next Week - Guest Post

Key Events - Next Week - Sanil Sonalkar

Keep an eye on two important events in the next week which may have some impact on one's portfolio :

(1) RBI's monetary policy announcement on Tuesday : this should keep rate sensitive sectors like banks buzzing with activity as a 25 bps hike is widely expected by most analysts. This may also be a good time for long-term investors to accumulate blue-chip private banking stocks at lower levels since last week was not a particularly good one (case in point is Axis Bank which lost 12% over 5 trading sessions). This sector might continue to remain under some pressure for some time, but every dip could be construed as a buying opportunity for the long-term.

(2) Akshaya Tritiya on Friday : gold is scaling new highs almost every single week and this may continue as generally there would be increase in demand during this event. Gold is also considered a safe haven by experts and the safest bet against inflation. Also, yearly returns from gold have been better than asset classes such as equity & debt. Gold ETF's are also gaining popularity. Also, this would give a portfolio the much-needed diversification.

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