Asia opened good, buoyed by US consumer confidence.
Fed should continue to be the nice , understanding friend it has always been. Living up to rational expectations of the investor!
Indian markets should follow Asia but then the big thing to watch is involvement of big Indian corporates in moneylaundering schemes. (called black money in local parlance) The list of names to be placed before the Supreme Court is rumored to include big corporate entities. As corporate governance norms are largely 'made to order' in India, it is possible that FIIs might sell off at the initial rise to exit from those corporates rumoured to be having illegal accounts abroad. Regulators continue to be paper tigers! Markets factor that aspect too.
Fed should continue to be the nice , understanding friend it has always been. Living up to rational expectations of the investor!
Indian markets should follow Asia but then the big thing to watch is involvement of big Indian corporates in moneylaundering schemes. (called black money in local parlance) The list of names to be placed before the Supreme Court is rumored to include big corporate entities. As corporate governance norms are largely 'made to order' in India, it is possible that FIIs might sell off at the initial rise to exit from those corporates rumoured to be having illegal accounts abroad. Regulators continue to be paper tigers! Markets factor that aspect too.
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