Evenly balanced risks

In the short term the market could fall further or rise to new highs easily

Geopolitics left investors puzzled and markets without a clear sense of direction in the past fortnight. The US hit Syria with a missile strike and dropped a massive, non-nuclear bomb in Afghanistan. The Syrian strike has led to heightened tensions with Russia. Turkey heads into a referendum that could lead to constitutional change to a presidential government. Either way, the results will cause volatility across forex markets and affect European Union equity markets as well. 

In India as elsewhere, corporate results season gets moving. Infosys came through with Q4, 2016-17 results and guidance for 2017-18. The results were flat. The