Taimur Baig, chief economist, Deutsche Bank has expressed his candid views on the state of market and we quote verbatim:
Make it a daily habit to visit our website to get best technical analysis for Indian and world stock markets as tese days countries markets take cues from global markets and thus it makes sense to track the live world market which will give the cue for the opening of a specific country market..We have 2 pretty weak start data points for month of October. We have a very weak trade data with exports falling by USD 5 billion and imports rising by USD 5 billion and that’s a harbinger for weak things to come. We also will probably see zero or perhaps even negative real growth as far as industrial production is concerned. Clearly, December quarter is off to a weak start unless there is a massive change in expectations and sentiments in the next few weeks. We probably will see slower than 7% growth for the October-December quarter. So what happens going to 2012? I am on the relatively optimistic camp in the sense that I do think that there will be some sort of a resolution for Europe. We are not going to see some sort of an Armageddon or a breakup of the euro zone where there is a massive Lehman type risk manifesting, I don’t see those things happening. I think at some point there will be some reckoning in Europe and some sort of a resolution would be reached and that taken together with some of the measures that the Indian authorities are taking could help keep growth above 7% even in 2012.
