Recent Reform FDI approval, Subsidy reduction , diesel(gas) price hike have defined as a first step initiating reform in India. This is definitely a boost up for Indian market.
Nifty rallied from 4900 to 5700 in a very short time frame .As per expert if reform will continue then nifty may cross previous high 6400 by March 2013. Some of the major reform are line up one in insurance sector,Banking regulation etc.
Market have to rally until some global factor not come into picture. Rupees gain in last couple of weeks. It close near 52/$ this week. By year end it may reach 50/$. It will be a good sign for Indian market if it stay below 50 mark. One of the shares that rallied across the year is Tata Motors. This share rallied from last 3-5 years non stop.
Let see how Indian stock market rally continue and at which pace in near future.
