The key domestic benchmarks are tipped to open on a softer note today
tracking a mixed trend across markets in Asia as investors fret over Greece with
no compromise reached yet over the country’s funding problems as the
Mediterranean nation refuses to buck under EU pressure to stick to an austerity
path. EU officials have insisted that Greece must comply with strict bailout
terms in order to continue receiving aid. China’s Shanghai Composite posted
modest gains on speculation of further easing; Hang Seng fell while Japan’s
Nikkei 225 was shut for a holiday. The sweeping victory of the Aam Aadmi Party
in Delhi polls marked the first major defeat for the BJP government since coming
into power in May and creates a sense of policy uncertainty in Asia’s third
biggest economy. All eyes are on the Union Budget where the government may
announce growth-boosting measures.
