Nifty Stumbled on Muted Fiscal Bazooka and Renewed Geo-Political Tension

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  • Stumbled on Muted Fiscal Bazooka and Renewed Geo-Political Tension at India-China/Pak LAC
  • Sitharaman may be soon replaced by Goyal as FM
  • Global Rating Agencies Cutting Indian GDP growth amid Tepid Pace of COVID Vaccinations (Dual Dose) Compared to Huge Population

India’s benchmark stock index Nifty (NSEI) closed around 15748.45 Tuesday; slips almost -0.42%on muted fiscal bazooka and renewed geopolitical tension at India-China/PAK LAC. As per reports, recently India deployed 50K additional troops at China border/LAC, while China intensified its ‘exercise’ in the region and Pak is also ‘sending’ Drones to Kashmir. This may be the perfect setup for another ‘surgical strike’ ahead of the UP (Uttar Pradesh) election in early 2022 – the ‘well-known’ strategy of Modi/BJP to divert public attention to nationalism rather than the COVID incumbency wave and economy (surging inflation and unemployment).

UP is a big Indian state and bellwether of Indian politics…

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