Weekly Newsletter - Nov 27 2011

The undercurrent will remain weak as long as European leaders find a common ground as far as finding a lasting solution to the debt crisis is concerned. Right now they seem to be struggling in containing the financial malaise amid fears of it spreading to the core of the eurozone. At the same time, other developed economies like the US, Japan and the UK are also having their own set of problems.



India was doing well till last year but has lost momentum rapidly partly due to overseas headwinds but mostly owing to the Centre's inept handling of the situation. There have been few signs of the policy impasse ending, but the Government must build on this to lift the pall of gloom. Q2 GDP report due out next week should clearly tell us as to where things stand as far the Indian economy is concerned.

Being the beginning of a new month, markets will have lot of data points to digest, including manufacturing PMI, services PMI, GDP data and auto sales. So, brace for more volatility and uncertainty, and avoid any misadventures.