Being within striking distance of 5,300-the January highs, the S&P Nifty of the National Stock Exchange (NSE) has been witnessing huge amount of volatility since the past one week.
Standard & Poor's has lifted its outlook on India to stable from negative, citing an improving fiscal position and strong economic growth. This is likely to boost market sentiment.
Punita Kumar Sinha of Blackstone though saw confidence building towards India, she, however, felt that a 10-15% rise in the markets in a month might not be good for the country. "The valuations are a bit more stretched and depend on growth," she said, adding that ample liquidity and strong demand was triggering growth.
Further she said the Reserve Bank of India might be slightly behind the curve. However, she was quick to add that rapid tightening might impact growth. "The Budget was growth biased and inflationary," she said, adding that governments across the globe were extra cautious.
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Punita Kumar Sinha of Blackstone though saw confidence building towards India, she, however, felt that a 10-15% rise in the markets in a month might not be good for the country. "The valuations are a bit more stretched and depend on growth," she said, adding that ample liquidity and strong demand was triggering growth.
