I don't know if you followed Samsung and Hyundai results last week as Korea reported its lowest GDP growth but Apple, Microsoft ( except Windos 8) and even Google ( though mobile ad earnings held much better) were all falling through the big hole in the sky even as Private Equity slowdown and the itinerant waitf or recovery in IPO markets ahs already destroyed the sector's hopes for at least this decade.

Ecommerce on the other hand is no longer vainly waiting in hope for FDI regulations in India or other such phantom barriers as Sales took off in the subcontinent with internet subscriber and mobile user counts as wwell as the audinence counts for Facebook ( which are already redefining strengths n aad prices, weighted down by the Asian mean) What that means int erms of a fundamental redirection for the local Indian Economy or as such pioneers would hope in the valley is not really much of an impact as India survives on an annuity based IT services sector as its weak link to the global economy and its domestic consumption has reurned to robustness in the pre election year.

News is infact worse for other Asian neighbours that depend on China with both Japan and Korea headed south on weak Chinese demand and virtual sanctions in the case of China as the change in Chinese priorities keeps the lying statistics out as the only refuge for lazy scoundrels making their living as economic commentators in the region.  

The importance of the Developed Currencies despite Yuans growth to more than 30%  of China's trade this year, makes sure that nothing from the Asian region matters and what matters is now invested and in fact growing in China except today. 

However, India will be the #3 Global Economy behind China and results season also shows up the big revenue hole facing US and now India as Global corporations find ways out of the tax menace sooner than later in every geography. India's robust Capitlal Markets can again take a global lead in this scenario as we had posited in 2008 at the start of the Global brow beat down we all reveled in. 

Apart from that Banknifty is still holding 12500 and should be a good investment. You have caught a bear if you have sold some puts aand theirs is no volatility trade going in  India right now so do not try to bet on the fact that Nifty will stay ranged despite its petty behaviousrs intra day as sooon as it gains distance from 6000 as it is mostly those who found the trend early in the series reinvesting with shorter and shorter duration ( even if not real investors, that is whaat the market would translate into in the last 20 trading sessions) before the big expiry move ( more than rather immature, likely to be flagged a s a global malpractice in another century when there is a transnational suer regulator and india as always signs the treaty :D) a day before expiry a whiplash up followwed by alikely corection wiping everything to the flat levels it started 2013 on.. The last day of the month does not add much more in interest except that the result news as expected beat expectaations by almost a double digit margin in each case it mattered, which just confirms another spate of inflowwws and investments inthe run up to March or June basedon global accounting constraints likely after inflows made aa comeback in the new Calendar year

 

 

Posted via email from The India Investment Post