Hindistan\u2019\u0131n HSBC Bile\u015fik PMI verisi Nisan\u2019da 58,3\u2019e y\u00fckseldi. \u00d6nceki ay 57 seviyesindeydi.<\/p>\n
Bu art\u0131\u015f, Nisan\u2019da hizmetler ve imalat (sanayi \u00fcretimi) toplam\u0131nda faaliyetin daha h\u0131zl\u0131 geni\u015fledi\u011fini g\u00f6steriyor.<\/p>\n
Nisan ay\u0131na ili\u015fkin \u00f6nc\u00fc PMI verisi, Hindistan\u2019da ekonomik b\u00fcy\u00fcmenin h\u0131zland\u0131\u011f\u0131na i\u015faret ediyor. PMI, \u015firketlerin \u00fcretim, yeni sipari\u015f, istihdam ve teslimat gibi alanlardaki e\u011filimini \u00f6l\u00e7en bir anket g\u00f6stergesidir; 50\u2019nin \u00fczeri b\u00fcy\u00fcme anlam\u0131na gelir. Verinin hem imalat hem hizmetlerde geni\u015f tabanl\u0131 art\u0131\u015f g\u00f6stermesi, i\u015f ko\u015fullar\u0131n\u0131n g\u00fc\u00e7l\u00fc kald\u0131\u011f\u0131n\u0131 anlat\u0131yor. Bu da \u00f6n\u00fcm\u00fczdeki haftalarda Hindistan hisseleri i\u00e7in pozitif bir g\u00f6r\u00fcn\u00fcm\u00fc destekliyor.<\/p>\n
Bu iyimserlik piyasaya k\u0131smen yans\u0131m\u0131\u015f durumda: Nifty 50 endeksi k\u0131sa s\u00fcre \u00f6nce 28.500 seviyesini a\u015ft\u0131. Yabanc\u0131 portf\u00f6y yat\u0131r\u0131mc\u0131lar\u0131 (FPI: borsada hisse ve tahvil gibi menkul k\u0131ymetlere yurt d\u0131\u015f\u0131ndan yat\u0131r\u0131m yapan fonlar) bu ay \u015fimdiye kadar 2 milyar dolar\u0131n \u00fczerinde net al\u0131c\u0131 oldu. G\u00fc\u00e7l\u00fc veriler yeni sermaye giri\u015flerini art\u0131rabilece\u011fi i\u00e7in e\u011filimin s\u00fcrmesi beklenebilir. Bu tablo, endekste yukar\u0131 y\u00f6nl\u00fc pozisyonlar\u0131n (long: fiyat y\u00fckseli\u015finden kazan\u00e7 hedefleyen i\u015flem) daha avantajl\u0131 olabilece\u011fine i\u015faret ediyor.<\/p>\n
T\u00fcrev piyasada i\u015flem yapanlar Nifty 50 vadeli kontratlar\u0131n\u0131 (futures: belirli tarihte belirli fiyattan al\u0131m-sat\u0131m anla\u015fmas\u0131) almay\u0131 veya May\u0131s vadesi i\u00e7in paran\u0131n d\u0131\u015f\u0131nda (out-of-the-money: mevcut fiyata g\u00f6re hemen k\u00e2ra ge\u00e7meyen) al\u0131m opsiyonu (call: y\u00fckseli\u015f beklentisiyle al\u0131nan hak) tercih etmeyi d\u00fc\u015f\u00fcnebilir. Alternatif olarak sat\u0131m opsiyonu satmak (put sat\u0131\u015f\u0131: prim geliri elde etme ama\u00e7l\u0131, d\u00fc\u015f\u00fc\u015f riskini \u00fcstlenir) ya da y\u00fckseli\u015f y\u00f6nl\u00fc put spread kurmak (bull put spread: bir put sat\u0131p daha d\u00fc\u015f\u00fck fiyattan put alarak riski s\u0131n\u0131rlayan strateji) prim toplamak i\u00e7in kullan\u0131labilir. Bu stratejiler, endeksin y\u00fckseli\u015fini s\u00fcrd\u00fcrmesi veya en az\u0131ndan sert d\u00fc\u015fmemesi beklentisine dayan\u0131r.<\/p>\n
Buna kar\u015f\u0131l\u0131k enflasyon izlenmeli: Mart T\u00dcFE (CPI: t\u00fcketici fiyat endeksi, genel fiyat art\u0131\u015f\u0131n\u0131 \u00f6l\u00e7er) %4,8 ile Hindistan Merkez Bankas\u0131\u2019n\u0131n (RBI) hedefinin \u00fczerinde kald\u0131. RBI, Nisan ba\u015f\u0131ndaki toplant\u0131s\u0131nda repo faizini (bankalara sa\u011flanan k\u0131sa vadeli fonlama faizi) %6,5\u2019te sabit tuttu; bu da para politikas\u0131nda (faiz ve likidite kararlar\u0131) gev\u015femeye hen\u00fcz haz\u0131r olmad\u0131\u011f\u0131n\u0131 g\u00f6steriyor. Bu \u201c\u015fahin\u201d duru\u015f (hawkish: enflasyonla m\u00fccadele i\u00e7in y\u00fcksek faizi savunan yakla\u015f\u0131m) hisselerde y\u00fckseli\u015f h\u0131z\u0131n\u0131 s\u0131n\u0131rlayabilir.<\/p>\n
Veri, g\u00fc\u00e7l\u00fc b\u00fcy\u00fcme ve y\u00fcksek faizlerin yabanc\u0131 giri\u015fleri desteklemesiyle Hindistan Rupisi\u2019nin g\u00fc\u00e7lenebilece\u011fine de i\u015faret ediyor. USD\/INR paritesinde daha d\u00fc\u015f\u00fck seviyeler test edilebilir; bu nedenle USD\/INR vadeli kontratlar\u0131nda sat\u0131\u015f, olas\u0131 bir kur stratejisi olarak \u00f6ne \u00e7\u0131kabilir. \u00d6te yandan India VIX (piyasada beklenen oynakl\u0131\u011f\u0131 \u00f6l\u00e7en endeks) 11\u2019e yak\u0131n seviyelere geriledi. Beklenen oynakl\u0131\u011f\u0131n d\u00fc\u015f\u00fck olmas\u0131, yatay\/istikrarl\u0131 piyasadan fayda sa\u011flayan stratejileri daha cazip k\u0131lar; \u00f6rne\u011fin strangle sat\u0131\u015f\u0131 (ayn\u0131 vadede farkl\u0131 kullan\u0131m fiyatl\u0131 bir call ve bir put sat\u0131p prim toplama, b\u00fcy\u00fck hareketlerde risk ta\u015f\u0131r).<\/p>\n","protected":false},"excerpt":{"rendered":"
S\u00fcrpriz y\u00fckseli\u015f: Hindistan HSBC Bile\u015fik PMI Nisan\u2019da 58,3\u2019e \u00e7\u0131kt\u0131. Hizmet-imalat ivmesi, Nifty 50\u2019de yukar\u0131 y\u00f6n\u00fc ve yabanc\u0131 giri\u015fini destekliyor; ancak \u015fahin RBI, d\u00fc\u015f\u00fck VIX kur riskleri izlenmeli.<\/p>\n","protected":false},"author":87,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-45293","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/45293","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/users\/87"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/comments?post=45293"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/45293\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=45293"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=45293"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=45293"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}