This was a day when the ruling party lost miserably (winning just about 3 / 70 ) in a crucial provincial election.
This was a day when several Asian markets fell : Nikkei receded too on Greece exit worries.
This was a day when G- 20 was cautioned of potential risks in global economy.
However, Mumbai Stock Exchange in a burst of inexplicable energy, reportedly given by expectations of a budget reforms went up and up....
Is there any explicable fundamental factor?
There is nothing that was reported except perhaps a rearranged data on GDP growth.
Was it a case of sentiment? or herd instinct?
Or contrived buying by some powers to keep the stocks and spirits high?
Irrational Exuberance?
Sell on the fact?
Views expressed are without any risk or responsibility.
This was a day when several Asian markets fell : Nikkei receded too on Greece exit worries.
This was a day when G- 20 was cautioned of potential risks in global economy.
However, Mumbai Stock Exchange in a burst of inexplicable energy, reportedly given by expectations of a budget reforms went up and up....
Is there any explicable fundamental factor?
There is nothing that was reported except perhaps a rearranged data on GDP growth.
Was it a case of sentiment? or herd instinct?
Or contrived buying by some powers to keep the stocks and spirits high?
Irrational Exuberance?
Sell on the fact?
Views expressed are without any risk or responsibility.
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