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The outperformance really took off after the fall of May 2004. At the beginning of the BRICS rally in 2003, equity markets constituted just around 2-3% of world market capitalization. As of now, they are at around 20%. Over the next two decades, this will move towards at least 50%, if not more. Decoupling Phase II is around the corner. Choose to play it or miss it.

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Result season which was pretty bad across the sectors except few like IT and pharma validates: all is not well on the ground or say it’s very bad. BJP losing in Delhi would have shaken up Modi – Shah Combo and wakeup call for the centre. Perform for perish as now the Indian citizen cannot be taken for ride.

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Markets likely to open flat

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