Expert Zone

Straight from the Specialists

Next week crucial as markets at tipping point

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(The views expressed in this column are the author’s own and do not represent those of Reuters)

The Nifty finally gave in to selling pressure and fell below 4,800 in spite of a fragile attempt to hold on to those levels during the week.

Foreign Institutional Investors (FIIs) have pressed heavy sales this month amid the ongoing credit crisis in the euro zone and concerns back home. FII outflow for the month till August 25 totalled 12167.19 crore.

The revised margin collection system and stiff penalties thereof from September 1 also contributed to liquidation of positions. Overall, there wasn’t any silver lining to take refuge.

Step up, Mr Prime Minister

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(The views expressed in this column are the author’s own and do not represent those of Reuters)

Put aside Lokpal for a moment, how pervasive is the rot in our system that Vilasrao Deshmukh is the person that the Congress sent to negotiate with Anna Hazare. Leave aside whether Team Anna asked for him, is this the man the Prime Minister felt best to represent him and his government on the important issue of corruption?

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