HDFC Securities News
It's the currency, stupid!
The seed of the January-February rally that saw the Nifty surge 1,102 points from the low of 4,531 on December 20, 2011 to 5,629 on February 22, 2012, was sown by the assumption that the Congress would do better in UP and the Samajwadi Party (SP) would need to cling to the apron strings of the Congress to form a government in UP. In return, Congress would have used SP support to carry out policy reforms.
|
|
