However, one is not sure what will be Mamata Banerjee's attitude towards the Centre after ending the 34-year run of the communist parties. Whether the DMK will be dumped by the Congress is a matter of conjecture. It will be also interesting to see how the Government moves on the ongoing 2G scam. Everything is in a realm of speculation right now.
From the markets' and investors' point of view, the UPA II will get on with policy making with the end of the assembly polls. The market will get a leg-up if indeed a few positive announcements do materialise. FII flows need to improve and inflation has to soften a bit more for the key indices to advance from here. Any further moderation in global commodities will also be welcome.
On the whole, the market will remain volatile with a slightly more positive tilt. It would not be wise to take a broad call just yet. Wait for the dust to settle on the assembly elections. Look for positive cues from the Government. Let there be more clarity on the policy front. At the same time, one cannot afford to lose sight of what's happening around the globe.
Global data watch for next week:
Eurozone inflation, Eurozone trade balance, Ben Bernanke's speech, EU Economic and Financial Affairs Council's meet, UK inflation, US housing starts, US industrial production, BOE minutes, Fed official Bullard's speech, Japan Q1 GDP, Japan industrial production, US jobless claims, ECB chief Trichet's speech, US existing home sales and BOJ policy meet.
Result Calendar for Next Week:
Mon, 16th May
| Tue, 17th May
| Wed, 18th May
| Thu, 19th May
| Fri, 20th May
|
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