The day looks quietly bearish...

With Asian stocks retreating on worrying data from China and some consumer diffidence in the holiday season, the emerging market currencies are bound to be under pressure as the flight to dollar strengthens. Markets seem to be  worried at the Chinese slow down. The Indian Rupee also is likely to be under pressure as a natural consequence and aided also by the relaxation in import curbs.The Indian stock market will be influenced by the retreat in Asian  stocks. Moreover with the Governor of the Reserve Bank of India  unlikely to reduce interest rates any soon, despite the pleas of the Finance Minister, the corporate sector has nothing to display forth  at this moment. The economic fraternity has also take concerns expressed by the Governor on the scale of NPA in the banking sector. There are qualitative issues too. Overall a day where sellers may outnumber. 

Indian stocks look good today

With SBI being on a NPA recovery path, financial stocks are likely to push Indian stock higher today. Among Emerging economies India looks most promising and so foreigners seem to park at least till there are alternatives. All set , it looks , like a high day. With Australia balancing well between India and China, it seems a buy day.
http://in.reuters.com/article/2014/11/17/australia-india-trade-idINKCN0J12DX20141117

India looking good...

Destination India...
India is a growth story that looks good if not as yet great.

Investment has to come: 

Infrastructure needs are massive. Only 20 percent of the national highway network is four-lane.

India's ports and airports need substantial improvement and thus investment. So multiplier will be high.

Trains are rather of another era. It would need rapid modernization. Investment here is vital. 

Rural roads need improvement.  It would have multiplier effects.

An estimated 300 million people are not connected to the national electrical grid. Infrastructure investment need is thus substantial. 

The number of urban centers has grown from about 5,000 in 2001 to 8,000 in 2011, and 53 cities already have a population in excess of one million.

There is a need to accommodate an additional 10 million urban dwellers every year and to provide them with adequate basic services.  This needs quite a strong of investment.

The ambitious Government programme for financial inclusion will mop up liquidity and also enhance credit deployment levels. It also touches on insurance comfort zone. This will promote human development and strengthen social fabric.

  

 India has been free of polio for nearly three years now. Life expectancy has more than doubled from 31 years in 1947 to 65 years in 2012. Adult literacy more than quadrupled from 18 percent in 1951

to 74 percent in 2011.  

In the last decade, India grew faster than 92 percent of the world’s nations. Real GDP expanded at an average annual rate of 7.3 percent between FY2003 and FY2012. 

India is an important player in the global information-technology revolution,

At market exchange rates, its share of world GDP has increased by 50 percent in  30 years from 1.8 to 2.7 percent;  is expected to reach 11 percent by 2050.

( Data from a World Bank on line Publication) 

All good on the Eastern front...

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.