Copper has breached its 2011 support and is heading down. In fact all commodities seem to be breaking strong supports. A depression is predicted for Europe. Now how will it translate for India? Cheap commodities are great and we can build our infrastructure but a depression or even continuing recession in Europe could hit US, China and rest of the world economy and can impact money flowing into India. So falling commodity prices need not help Indian stock market -- unless India is "rediscovered" by global investors as the only economy that benefits from a global recession.
Strange, unrealistic bull markets can develop and surge without fundamentals, from the ashes of despair. Like the technology boom of 1999. I am not predicting one in India. But watch out for high volumes. if institutions are piling into India even as the rest of the world falls to pieces, we should not wait to pitch in.
But sanjay ji,
Really the word Drama hurts. There is no purpose to make a drama here - that too so many senior boarders on the board rating it.
However, I am marking all those msg offensive so that it doesnt get reposted again.