Today, the global market will in focus. The bad news is western equity markets sank overnight amid growing doubts over the so-called ‘green shoots’ theory. Asian stocks are down 1-1.5%. So, it’s a no-brainer that we will open down. Results and global cues will control the sentiment. Infosys unveils its results on Friday.
United States President Barack Obama says that India’s prosperity is good for America. His remarks come a day after the PM made a case for reforming the UN Security Council and asked the developed world to address systemic failures. These statements hold particular significance in light of the three-day G8 meeting starting today. Chinese President Hu Jintao won’t be going to Italy for the G8 meet as he battles ethnic tension in Xinjiang.
IIP will also be announced on the same day. Among the good news is that monsoon appears to be progressing well.
United States President Barack Obama says that India’s prosperity is good for America. His remarks come a day after the PM made a case for reforming the UN Security Council and asked the developed world to address systemic failures. These statements hold particular significance in light of the three-day G8 meeting starting today. Chinese President Hu Jintao won’t be going to Italy for the G8 meet as he battles ethnic tension in Xinjiang.
IIP will also be announced on the same day. Among the good news is that monsoon appears to be progressing well.
