It is going to be a tricky week as the data and numbers which propelled the recent Dow rally will hamper it. It is to be seen for how long do the markets stick with the Fed overhang, the news being priced in considerably. Every good news will be seen as a precursor to impending withdrawal of the stimulus.
The ruling Greece government has become week due to the pull out of a key coalition partner, it now hangs only on 3 votes (153/300) which keeps it afloat. Any tremor from this part will be more damaging, as it will weaken the Euro vis a vis Dollar and a strong dollar will weaken the Indian rupee further - something the markets least want.
As the Indian markets enter the final week of the June contract, with sharp corrections in Midcaps, the few thing influencing the markets are the movement of the Indian Rupee, FII flow direction (a positive net number at the end of a day, will boost confidence again.)
The ruling Greece government has become week due to the pull out of a key coalition partner, it now hangs only on 3 votes (153/300) which keeps it afloat. Any tremor from this part will be more damaging, as it will weaken the Euro vis a vis Dollar and a strong dollar will weaken the Indian rupee further - something the markets least want.
As the Indian markets enter the final week of the June contract, with sharp corrections in Midcaps, the few thing influencing the markets are the movement of the Indian Rupee, FII flow direction (a positive net number at the end of a day, will boost confidence again.)
