In an interview with CNBC-TV18, Jerome Booth of Ashmore Investment said that nothing has really changed in Greece.Booth further adds that the markets are back to worrying about Spanish yields.
Saurabh Mukherjea, HD-Equities of Ambit Capital is of the view that the markets have been going through a volatile situation and though, results from Greece were positive, market sentiment continues to remain weak.
Greece‘s election results were long awaited and the victory of the pro-bailout New Democracy party has averted the potentially catastrophic consequences of the country leaving the euro zone. James Fontanella Khan of Financial Times tells CNBC-TV18 that the best possible result for Brussel has come.
It is time to do some scenario gazing on the show. What are the possible outcomes and what should markets be prepared for on Monday morning?
The BSE Sensex and NSE Nifty rebounded quite smartly in late trade on Friday that helped them to close higher in all sessions of the week. The market saw highest ever weekly absolute gains in the calendar year 2012, with the Nifty rising 4.7% and the Sensex 5%.
The Indian currency hit a record low on Wednesday, dropping as low as 54.36 to the dollar, breaching its previous record low of 54.30 set in December. Succumbing to the steep risk aversion in the global markets and the vulnerabilities of a challenging economy seem to have caught on the rupee.