The market is going great guns even as the world and its indices are moving in a range. The euphoria could be attributed to a variety of reasons but consensus seems to hinge on two of them – a host of reforms expected in the budget and a positive sentiment following IMF report that India is expected to grow at 6.3% this year and 6.5% in 2016 by. Expectations that India will cross China’s projected growth rate has added cheer. The IMF has added a word of caution that while the new government’s reforms are promising, it insisted that their implementation is key. The outlook is a positive start. The indices will look at hitting record highs before deciding the future course. Some calmness may set in ahead of the European Central Bank meeting which is expected to announce a bond buying program on Thursday.
Posted on: Wed, 21 Jan 2015 09:07:26 +0000
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