Markets in Europe are causing ripple effects around the globe. India’s BSE has gone below 16K for the first time in many weeks. Despite all this, Dow Jones in US did an interesting feat. It closed above 10K for 3 consecutive months (since Nov 05th 2009) and that is interesting.
I have a feeling that India’s finance ministry and RBI didn’t capitalize on a golden opportunity. There are feelers of interest hikes and also many of the tax benefits are shown the door. That would have a long term effect on the cash flow into the markets.