A dull day nonetheless and without any buying data from market internals , it might well be the cliff OECD nations are facing for the next  20 years. The Power saga is especially threatening stability in Lucknow, Jaipur and even Bangalore, the new richest city in india measured in per capita income

Mining ban is due to be lifted soon but with state coffers empty and the Centre showing its hand by decisively asking ( MSA at head of PlanCom) for states to share the Debt restructuring burden in such a situation with SEBs is a trifle daunting for those waiting for reforms to be actioned before the markets move up

Indian states with younger CMs might be evaluating official bankruptcies already though India's long federal history gives the traditional politician enough ammunition to get out of such triflings as another INR 3 Tr in unaccounted spending.

If I were in retail and could pass on prices to consumers as I proved i could, definitely I do not need to suffer much more pain on the exchanges. 

Bin that bullish note on the Indian market, someone else got this FII investor / QFI (though he is still headed for India) :D

Posted via email from The India Investment Post