The prefect storm in the market continues in new dimensions with F&O expiry preponed because of Diwali, Now of course, the market remains in a steady updraft for just this expiry.

Europe pre confirmed a recession and China PMI Flash confirmed that the bottom of compression was reached in July / August leading to a return in positive manufacturing growth and unfortunately a volatile pick up in Oil with the precdictable pick up in metals as  china resumes buying in metals, grains and more.

India's been scoring in grain exports too with Indian rice dropping 500 k tons a month to customers of the erstwhile rice export leader i.e. Thailand. These shipments are of ordinary rice as the govt allowed exports of the same to 1 mln Tonnes 

Unfortunately that means we had to publish a HiTco Happy Thursdays review on Tuesday itself as expiry will be smooth ahead of mahurat trading for the new year tomorrow evening globally, Deutsche and UBS results will create a post 2 pm churn here as well and you shoul;d be well clear before that. 

Also for whatever we are doing on 56 tax treaty rewrites completed, the Swiss have given n to the US and are posting SU Tax authorities data on arnd 10000 Swiss accounts

FDI remains perky in India as India gets ready for tomorrow's rate hike. while interest rates are running at an all time highe after 20 months of 525 to 550 bp hikes including a 25 - 50 basis point increase tomorrow,the monetary policy review underlined our fiscal and monetary weaknesses and the inability to control food inflation thru rate hikes per se.

India is pretty close to its bottom too, but here we are no indicators to lead us into believing nmore than just wishing ourselves a turnaround