Expert Zone

(Any opinions expressed here are those of the author and not necessarily those of Thomson Reuters)

The truncated Diwali week saw the Nifty closing at 8,014, recovering from a “breakdown” scare and ending about 3 percent higher to welcome the new Hindu calendar year – Samvat 2071.

Finance Minister Arun Jaitley seems to have finally taken the responsibility of targeting inflation as it is a sensitive political issue and could not be left to the discretion of the Reserve Bank of India (RBI). With CPI as the anchor, the target will be 4 percent measured annually (+/-2 percent).

(Any opinions expressed here are those of the author and not of Thomson Reuters)

The truncated week which opened after a five-day vacation was in a sombre mood except on Thursday, when markets bounced back due to a dovish Fed commentary. Friday again saw a correction, with the Nifty closing the week at 7860, down 1.07 percent.

(Any opinions expressed here are those of the author and not of Thomson Reuters)

(Any opinions expressed here are those of the author and not of Thomson Reuters)

The Islamic State has invigorated jihadi establishments in South and Southeast Asia. It has shaken up the al Qaeda, so far occupying the spiritual pedestal of Islamist Jihad, spurring it to announce the formation of a branch in the Indian subcontinent. Apparently, the Indian subcontinent won’t remain unscathed with the contesting constituents of Islamist jihad locked in a battle of dominance.

(Any opinions expressed here are those of the author and not of Thomson Reuters)

The past week was one of the most eventful post the general elections, and the action continued till Saturday with a landmark speech by Prime Minister Narendra Modi at the U.N. General Assembly and Tamil Nadu Chief Minister Jayalalithaa Jayaram being sentenced to four years in jail in a corruption case. Markets were volatile and the Nifty closed the week at 7,968, down 2 percent despite a recovery on Friday.

(Any opinions expressed here are those of the author and not necessarily those of Thomson Reuters)

(Any opinions expressed here are those of the author and not necessarily those of Thomson Reuters)

(Any opinions expressed here are those of the author and not necessarily those of Thomson Reuters)