DP2Web

After crunching and falling to all time lows for about a year, the Indian stock market has seen nothing less than a miracle in the last fortnight. Now, whether this is a miracle for the tumbling Indian economy or for the ruling Congress led UPA government is still a question. Despite the turmoil caused by the geopolitical tensions over Ukraine, the economic barometer of Indian economy, Sensex, has spurted to all time highs breaching the 22000 point mark. The spurt is being attributed to a slew of positive domestic factors which have ultimately led to the robust inflow of FIIs (Foreign Institutional Investors). The positive sentiment on the Dalal Street is being attributed to the reduction in inflationary pressure, narrowing CAD (Current Account Deficit), and favourable results of the opinion polls. While the Trade Pundits were banking on Modi as the “only hope of the stock market”, the new data have shown that even a stable third front at the Center can propel the economy