We are staring at a sluggish start; no great reason for the same though. Investors could still be feeling jittery after Friday’s big crash that was blamed partly on bleak IIP data and partly on a steep fall in China.
In terms of major news, Telecom Minister A Raja has finally resigned in connection with the much reported impropriety in the allocation of 2G licences. October’s inflation data will be out today.
Most world markets had a pretty bad week. Whether it brings about a rebound or fresh selling is now the question. No clear answers as we have to take each day as it comes and adopt a measured approach till the fog lifts on the near term direction of the market.
Chinese market is choppy while stocks in Japan are up on better than expected GDP report. The Kospi is in the green while the rest of the regional markets are in the red. US stocks closed down on Friday as did the European indices.
