Expert Zone

Straight from the Specialists

India Market Weekahead: Trading subdued but markets back on track

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

Last week was a volatile one with the stock market poised for a surge but the Nifty eventually closed in the red with a loss of 0.20 percent at 5686.

Though we have outperformed world markets, the period of indecisiveness is getting stretched. Vijay Mallya finally announced a deal with Diageo to sell a stake in United Spirits, his crown jewel — a much speculated transaction for the last few months.

Euro zone woes were back on the radar with reports of a delay in Greece’s next bailout tranche, and the continuing problems in Spain. ECB President Mario Draghi’s comment on Germany being impacted by the euro zone crisis added to the negativity.

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