Prime Minister Manmohan Singh appears to be exuding confidence as he attempts to show that he is very much in command. The stock market too has been on a roll and investors would hope that the rollover takes place without breaking the momentum.
We have an opening which is all set to be positive. Things appear too good to be true.
FII inflows remain encouraging. Indian indices could well end higher for a sixth straight session. Some choppiness may be there in late afternoon, which is usually the case on F&O expiry day. The upside from here will hinge on FII flows, global cues, domestic policy action(s) and Q1 earnings.
World markets can heave a sigh of relief as the threat of an imminent default in Greece has been averted. Greek parliament has voted in favor of an $112bn austerity plan necessary to secure emergency international aid.
US stocks closed up for a third consecutive day. European markets did even better. The euro is at a two-week high against the dollar. The wee bit of bad news is that crude is at a one-week high. Gold is up for a second day. Asian markets are mostly higher.
