Obama Visit Outcome, Greece Election Results Key Events for Indian Markets

Posted By:
Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    All the good things to drive markets higher have happened in the last few months. Inflation fell, oil prices went lower, RBI cut interest rates and the ECB announced a huge $1.3 trillion stimulus for the Indian markets.

    Obama Visit Outcome, Greece Election Results Key Events for Indian Markets
    The Sensex has closed at a new record level of 29,278 points and as we write market conditions are extremely buoyant.

    Announcements from Obama Visit

    Next week markets would look for any significant announcements to be made following the visit of US President Barack Obama to India. Should there be understanding in key sectors and further hopes of fuelling investment from the US, we could see a fresh trigger for stocks. Even if there is no major announcements, the market mood is so buoyant we are unlikely to see a major fall based on it.

    Greece Elections May be the Only Worry

    Next week one event that would be eagerly watched is the election results in Greece. The real worry for stock markets around the globe and also in India is the the anti-austerity party Syriza is ahead in opinion polls and the lead is now a good six per centage points. Should Syriza win an outright majority in the Greek elections it will renegotiate the terms of Greece's bailout deal.

    And with anti-austerity measures the party could be taking on its lenders head-on, putting at risks billions of euros lent by lenders to the country.

    This is not a good outcome for global markets, which have rallied and rallied really fast in the last few weeks. The election results are to be known only late on Sunday and would be eagerly watched by most market analysts.

    Apart from this there are no major cues for next week. As mentioned the worries in Greece maybe a temporary aberration, unless there is a threat of default by Greece to lenders, which could be catastrophic, as it could lead to default worries in other weaker European countries.

    GoodReturns.in

    Read more about: sensex nifty
    Story first published: Saturday, January 24, 2015, 10:17 [IST]
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    Get Latest News alerts from Goodreturns

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more