India Morning Report: Markets “under the radar” at 26800 marks?

Markets seem to be joining the larger ranks of those waiting and watching for the Indian Economy to turn up the volume of good news and erase marks of a bad block of four years for the Economy and the Currency under a new government and soon without any material QE as the European stimulus is likely lost with thew Japanese in servicing their own growth deficits and negative credit in Europe, unlike the first LTRO wrought good news for Asian investors.

Indices are barely positive again after staying ‘underwater’ below Friday and Monday marks all day. Bank investors esp seem to have to wait a lot with some short term news on bank portfolios as they sell down some ‘SLR’ debt in excess holdings and have no groiwth to report with credit growth (non food) dipping below 10% last week.


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