Parliament session begins on November 22 and with it doubts over the FDI bills
Parliament's Winter Session is all set to begin on November 22 and it looks doubtful that the FDI related bills, including increasing the limit in FDI in insurance and introducing FDI in the pension sector is likely to be passed. Also, a notice with voting has been served for FDI in multi-brand retail, which if admitted, could prove an embarassment to the government, given that it does not have the numbers.
Fiscal cliff in the US - a serious worry
Markets across the globe have fallen, primarily because of the worries over the fiscal cliff in the US. Matters are unlikely to be resolved quickly and though US president Obama met Congressman on Friday, nothing concrete has come through.
Indian equities are likely to track the fiscal problem in the US and take cues from them. Read more about the fiscal cliff
Middle East tensions escalating
The tensions and the fight between Israel and Hamas is escalating, adding to worries over global oil prices, which may rise. On Friday oil gained nearly one percent , as Israel began mobilizing soldiers and increased its air campaign on the Gaza strip. Increasing tension in the region is likely to weigh on stock prices.
Greece bailout worries to have stranglehold over Europe and the world
Last week, the International Monetary Fund and euro zone officials on failed to agree to a long-term plan to cut Greece's debt, preventing the release of immediate aid to the country. Should the delay continue, Greece would not have the money it so desperately needs, as the country has virtually run out of cash.
This could cause markets across the globe to teeter once again.