Straight from the Specialists
(The views expressed in this column are the author’s own and do not represent those of either Principal Pnb or Reuters)
The markets seem to be meandering in search of a push to move on in some direction.
In the Indian context, most concerns seem to have been brushed under the carpet by the flood of FII inflows which seem to hold up the market at its current levels.
Considering the FY11 trend of outflows seems to have been stemmed, the situation could continue till the U.S. recovery takes root and excess liquidity is pulled out.