As Food prices drive March CPI lower to 5.17% vs 5.37% in Feb , there is more rate cut room for RBI in coming month. People are expecting 25 basis point cut next month. Bank will also follow this time to cut rate. Expert are expecting 75 basis point cut by 2016.
This will lead to great news in consumer and industry profits and India GDP. There are good future prospect for secondary market to grow and Nifty 10000 is not a dream in that case.
Long term investors should keep buying without any care of long term and short term hurdles.
