Friends, this is beginning of period where bulls will have difficulty in maintaining the market high or at least find it very hard to push up stock prices at will. It has largely been play of liquidity that is seeing the market at present dizzy level. So be cautious. The liquidity overhang has been estimated at 13 lac crs of which RBI has decided to reduce it by 5 lac crs.
RBI has left benchmark rates untouched and its good for stability in monetary and fiscal world. They are looking to moderate inflation to 4% but that would happen over time.