Synopsis of the Week

In a truncated week, Nifty clocked its 4th consecutive weekly gain, closing up 3%. The Credit Policy surprised positively with CRR being cut by 50bps and RBI hinting at further cuts in the same. Result Season has been robust so far with more positive surprises than disappointments. PSU bank results have shown higher slippages but still more or less on expected lines. The only fear is that the banks have still not recognized majority of big issues like SEBs, KF Airlines. Nifty is now at the 200 DSMA, will the year of the Dragon be the Year of India….