The Federal Reserve would take action if necessary to keep the economic recovery on track, Chairman Ben S. Bernanke said Wednesday, even as he asserted that he expects the expansion to continue.Bernanke and his Fed colleagues "recognize that the economic outlook remains unusually uncertain," he told the Senate banking committee. "We remain prepared to take further policy actions as needed to foster a return to full utilization of our nation's productive potential in a context of price stability."
The reason for giving weightage for his comments being the pinion rider of the world's largest economy, it clearly shows the country is not out of woods and the outlook remains highly uncertain. Indian economy is doing good with decoupling from the western world alreay in process.
Midcaps are ruling the roast on the markets. Again we caution against all dummy stocks and operator driven counters.