Sachin Karpe will give us an insight on why sensex rose to its highest in 2 years. Sign of US shutdown coming to an end is one strong reason. Another global cue is that Fed would not taper the stimulus till 2014, sending out a positive sentiment across equity markets as it assures liquidity across equity markets.
In addition to this, RBI’s recent measures of asking banks to lower interest rates has also risen the liquidity measures, feels Sachin Karpe. With festive season round the corner, some more positive measures are expected from RBI. This will again send markets soaring, Sachin Karpe strongly feels.
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