Thursday 19 September 2013

Market Review

Change of guard at the RBI head quarters,  alleviation of the Syrian crisis and, now, deferment of the
tapering of monetary stimulus program by the Federal Reserve Bank of the USA.    All of these
factors have worked well in favour of the bulls over the last fortnight.    It seems Diwali has arrived for the dalal street much earlier.

Now, all eyes on the RBI's credit policy dated 20th September.    Will the RBI provide the
necessary fillip to enable the Nifty to make new life time highs?