Commenting on the current market situation, Amar Ambani, Head of Research, IIFL, said, “The festive cheer of Diwali is not likely to reverse the immediate headwinds, nor the advent of 2016. Investors will have to deal with high volatility, without any major index returns in the coming months. The impending US Fed rate hike, possible currency devaluation by China, shale oil crisis, Russian aggression and the Middle East conflict are the global factors to contend with. Clearly, given the backdrop of global events, foreign liquidity flows would always be in question in the medium term. Back home, similar to Bihar, Government will have an uphill task in Assam, West Bengal and Tamil Nadu in 2016. However, at no cost should we ignore the macroeconomic tailwinds. Reducing current account deficit and fiscal deficit will have a resounding effect on the market. And if majority of analysts around the world are to be believed, then commodity prices are likely to remain subdued, which should co
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