The Political equation is solved. The N-deal is on the execution path. Oil is stabilising near 125. Inflation has been arrested below 12 (though it still remains a threat). So, good news?? Well, add a few bad ones.....The expected quarter percentage rate hike by RBI on the 29th of July and its cause....the stabilised but still high inflation. The blasts in Bangalore and Ahmedabad. The demons of darkness have done it again.
The final picture is thus prepared. And the fallout?? Markets to remain subdued for the day. Expect negative returns from the market though mostly on the basis of global cues and the F&O market. Bank quarterly results are also coming out and don't seem very enthusiastic. Overall, maybe the markets will see a soft decline in the range of 1-2 pct with a far greater impact in the Bankex. F&O though should provide the ray of hope in the coming days. "The present is murky alright, but the future seems bright".
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