European bank stress test fizzled out on friday and only fewer than expected banks failed in the tests. While there is a strong critisicm that the tests were not strong enough, bulls have a different idea when it comes to equity markets. After dilly dallying for 2 hours US Markets finally decided to go up as the risk reduced, propelled by strong numbers from major companies.
Indian market on the is on a song and is likely to continue the momentum. One should be wary of RBI meet and Reliance Industries number with more emphasis on the first one.
Midcaps are doing extremely well..We expect the momentum to continue. But here is the catch. As far as US Markets are concerned one should for 2 more days before jumping to a conclusion. Indian markets focus on RBI though 25 basis point cut is on expected lines it might create havoc in the market