Jyotivardhan Jaipuria of BofA Merrill Lynch expects the market to remain rangebound, but adds that the downsides are fully protected due to ample liquidity and a lot of hope that the government will finally muster the strength to take up on some much-needed reforms.
Burgeoning inflation has plagued the emerging markets including India while governments are trying to tame it by tightening of monetary policies. Global investors and experts are concerned about it too.