REUTERS - Billionaire investor George Soros said late Tuesday that the re-election of President Barack Obama will open "the door for a more sensible politics."
Soros, who has contributed mightily to Democratic causes, told Reuters: "I'm delighted that President Obama has won. The American electorate has rejected extremist positions, opening the door for a more sensible politics.
"Hopefully the Republicans in office will make better partners in the coming years, most urgently in avoiding the so-called fiscal cliff."
(Reporting By Jennifer Ablan and Matthew Goldstein; Editing by Doina Chiacu)
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It remains to be seen whether Nifty will be able to break the 8,100 mark during October. With major events out of the way, the next trigger will be the Q2 FY16 earnings season which is expected to kick off next week. It is advisable for the investors to continue building their equity portfolio by utilising market volatility as an opportunity, writes Ambareesh Baliga. Full Article