Indian sharemarket are trading with a negative bias in early trade. Catch live updates here.In other key asset classes: – Rupee trades at 61.71 down 1 paisa, and close to a one-month low – Gold, which jumped 2.5 percent in a single day Saturday , is trading with a mildly negative trend: down Rs 79 to Rs 26,387. – While crude oil, a key determinant of the fortune of the Indian economy, keeps up with its recent trend, trades slightly lower.

Here’s some food for thought. After being net buyers for through October of Rs 4,102 crore, domestic institutional investors (such as mutual funds) have been net sellers every single trading day till now this month, net-selling about Rs 5,227 crore. FIIs, predictably, have been net buyers, purchasing stocks about Rs 7,590 crore. Does this mean retail investors, who were finally showing signs of coming back into the markets, have again turned their backs?

Looking back at the earnings quarter gone by, an analysis of 2,432 companies shows profits grew about 42 percent (fastest in at least three years) but sales growth slowed to 5.9 percent, the slowest in five quarters, according to a Business Standard article. This likely means companies have resorted to cutting costs in order to boost profits. “Profits were below our estimates,??? Kotak wrote in a note to clients this morning. “Underlying trends are still weak but stable. Investment recovery is still two-four quarters away,??? it says, adding valuations are fair on FY2016 basis. “There is 20 percent upside in the markets if all goes well.???

Coustery : http://www.moneycontrol.com/news/local-markets/live-sensex-tradesdownward-bias-flirts28k_1230324.html

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