The following news will decide the fate of the Indian Equity market today .
Major defeat of BJP in Bihar pools
BJP has faced one of the most ‘unexpected’ defeat in the hands of its combined opponents . This does not change the majority in the center for BJP. However it casts a doubt of the infallible Modi magic .
However for investors the more pertinent question is will this slow down the pace of reforms ! Will the opposition become active and stall all the progressive reforms . However we should not forget that democracy is about opposition, it's also about consensus and finding common grounds. Indian demographics have now changed . The youth of India wants growth and progress. They will be quick to punish any impediments in the path of progress. Thus the opposition while expressing their views will also not like to be viewed as non progressive .
US jobs data came much better than expected
This is an example where good news is bad news for the market . Good job data will strengthen the resolve of the Fed to raise interest rates in Dec. This in turn will start a domino effect across markets .
We can expect a gap down opening for the market based on the above mentioned news .However a major correction will open up opportunities for Diwali shopping ! So the Diwali discount sales starts today , happy shopping !
You may also like to read ' Money and Happiness ' where we try to find the keys to happiness : (http://www.9rupee.com/personal-finance/money-and-happiness) .