Global Factors Sway Corporate Results; Markets Looking For Fresh Triggers

The Indian markets closed the week flat, red. It has moved in tandem with its developed as well as emerging peers. The key global indices have ended in the negative territory.

On the global front, the elapsed week saw the re-election of Barack Obama as the 44th president of the United States of America. However, his re-election has not been received well by the markets there, and the Nasdaq and Dow Jones are below the 3,000 and 13,000 mark respectively. In the other part of the globe, the European stocks have tumbled, heading for their biggest weekly decline since September. This is amid concerns that the so-called “fiscal cliff” of automatic spending cuts and tax increases may push the world’s largest economy into a recession.

On the Asian front, China has begun its process of handing over the power baton. On the data front, next week we have the industrial production data due in the U.S.

The markets are eyeing the winter session of the Parliament for the successful implementation of the reforms processes that have been initiated after a long haul as the next big trigger. The money inflows that have remained strong signify the confidence that the overseas investors have in the Indian markets. We hope to see a smart rally going ahead. We, at Dalal Street Investment Journal, wish all our readers a very happy and prosperous Diwali.