The key domestic benchmarks are tipped to open on a softer note today tracking a mixed trend across markets in Asia as investors fret over Greece with no compromise reached yet over the country’s funding problems as the Mediterranean nation refuses to buck under EU pressure to stick to an austerity path. EU officials have insisted that Greece must comply with strict bailout terms in order to continue receiving aid. China’s Shanghai Composite posted modest gains on speculation of further easing; Hang Seng fell while Japan’s Nikkei 225 was shut for a holiday. The sweeping victory of the Aam Aadmi Party in Delhi polls marked the first major defeat for the BJP government since coming into power in May and creates a sense of policy uncertainty in Asia’s third biggest economy. All eyes are on the Union Budget where the government may announce growth-boosting measures.
