Weakness of dollar and Party time in Indian Equity market…..

The dollar making new low day by day against the basket of foreign currency….. As in my previous posting, I gave the reasons about weakness of dollar. Now dollar doesn't seem to safe heaven. Money will flow into other asset classes. And one of them is emerging market equity market and here Indian equity market presenting itself to investors as favorite destination. India is comparatively less expensive then Chinese market & potential to grow more.

It is no wonder that money is flowing in Indian equity market. Chain reaction has started, money is moving out from dollar will damage it further and this situation is not going to end any soon. Strengthening of rupee against dollar making, further India an attractive destination for investment. We are not going to see any major correction on bourses. Next big move expected in mid caps. So friends It is party time here again……. Enjoy…… rranjan27@gmail.com