Some cooling is sure to set in after a dream week for the bulls when the Top 10 Indian companies added nearly Rs200bn in market cap. There were always doubts regarding the revival in sentiment. The Indian economy remains in a rough patch. The silver lining of a sharp fall in inflation has already been factored in.
The headwinds remain in place and it won’t take long for the mood to change from good to bad and then from bad to worse. How we wish we are wrong! Hate to sound so pessimistic at the end of a short and sweet happy week. But then we need to remind you, short spurts coinciding with some positive news keeps happening in a bear market.
