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Expected Weak Weekly Sensex Opening….drops @ 300 Points and struggling to stay over 16500…French Connection ?

Expected Weak Weekly Sensex Opening….drops @ 300 Points and struggling to stay over 16500…French Connection ? 

Socialist Francois Hollande has won the French Presidential Elections beating the incumbent Sarkozy….Hollande is against Euro Zone austerity measures and wants to renegotiate the Eurozone Austerity and Bailout Package…seeks to meet Chancellor Angela Merkel of Germany right away as top priority….He’s also going to raise taxes,focusing on the rich

Expect Eurozone to shiver as Hollande ascends Presidency…Keep a watch on USA…Dow too should be impacted

Europe should shrink further and slip into deeper recession…over 20% of India’s Exports flow to Europe…The impact will be  felt strongly….India’s current deficit is a record 4%of GDP….The Pressure on the Rupee will remain strong as our Imports cross US $ 550 Billion in FY 13….they were justa shade below US $ 500 Billion in FY 12…. while Exports,which just managed to cross US $ 300 Billion in FY 12 ,will remain inside US $ 350 Billion….the Rupee has already weakened 6% in April and threatens to cross Rs 54 to the US $ enroute to Rs 57-Rs 60 range

Interestingly hardening macros will mean softening micros…and this means opportunity at lower risk down the line

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2 thoughts on “Expected Weak Weekly Sensex Opening….drops @ 300 Points and struggling to stay over 16500…French Connection ?”

  1. Dear Sir,

    Thanks for sharing correct information 🙂

    Last line is really tempting 😉

    Cheers,

    Praavin

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