Over the last few years the Indian economy was caged and now with the new government coming in and their significant optimism hopefully the tiger is starting to roar and will start the lean and mean, the tiger will start shooting as well.
Shankar Sharma of First Global feels we are still in a bear market, and the upcoming general elections will weigh on sentiment.
Krishna Kumar of Eastspring Investments says, on CNBC-TV18, that the market has already started to price-in FM‘s baby reform steps.
In the backdrop of the rupee depreciating to 53, Moses Harding of IndusInd Bank told CNBC-TV18, attributed the fall to the structural problems in the current account deficit and fading positive investor sentiment
Moody's Investors' Service downgraded Cyprus's sovereign bond ratings two notches to A2 on Thursday, citing concerns at structural problems in the island's economy and its banks' exposure to debt-ridden Greece.