On the positive side there has been a good union budget (tax rates cut), easing actions by the central bank (rate cuts, liquidity boost, regulatory relaxations), and uptick in government spending. The rally in March was a welcome relief. However, I believe that the markets could remain rangebound in the near term.
D-Street gets a bit of momentum, don’t take it for long bounce
A recent rebound in benchmark indices has improved short-term market momentum, but it is not yet strong enough to signal a sustained bullish trend.The share