can be as many Q3 results are superlative and markets should go very high. the so called bears deployed experts think that the earnings can be lower and they can go for hammering. but this will not happen.
Consumption of pricier diesel will not come down in the absence of alternatives such as reliable power supply, grid or solar. The resulting inflation, adding on to the rising import price of crude assisted by the shameful state of the rupee, will help Subba Rao to hold interest rates. Maarket sentiment will again stem nascent domestic investment.
particularly in the stock market. Exports in the absence of supportive infrastructure and expensive imported value addition will remain feeble as the CAD mounts and tax revenues continue to disappoint.
The only hope is continuing capital inflows into our largely domestic economy