Worries continue

Worry is interest paid on trouble before it comes due.- William Ralph Inge

Indian markets succumbed to a late selloff on Thursday despite positive cues from overseas markets. The Nifty closed below 4850 on F&O expiry day. The fall in August F&O series is said to be the worst in three years.

So will things improve from here on or are we headed for lower levels on the key indices? It’s a tough call to make having seen the deep cuts of August.



FIIs too don’t seem to be in great mood right now. Monsoon has been okay, but not completely satisfactory. Then there is the Lokpal Bill impasse and threat of at least another rate hike from the RBI.

The start looks to be rather subdued as Asian markets are lacklustre. US and European stocks suffered a rare bad day this week on Thursday. Markets are waiting with bated breadth as to what Mr. Bernanke will say at Friday’s Jackson Hole meet.

Tree House lists today. Coal India is set to replace Reliance Capital in Nifty from October 10.

Meanwhile, France's stock market regulator has extended a ban on taking short positions in French financial firms until Nov. 11 at the latest. Spain and Italy also announced they would extend short-selling bans imposed last week until Sept. 30, while Belgium said it would lift an indefinite ban only when market conditions allow.