"The calendar year 2011 has seen tremendous wealth destruction and volatility, both in India and globally. In 2012, while the first quarter will continue to be extremely challenging, it will prepare a base for creating long-term wealth, particularly from an Indian perspective."
A fall presents an opportunity to buy rate-sensitive stocks.
Dilip Bhat, joint managing director of the Prabhudas Lilladher group, a financial products agency, talks to Business Standard about the market rally ahead of the elections.
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Since April 1, promoters of Jaiprakash Associates have released more than 225 million Jaiprakash Power Ventures shares (valued at Rs 425 crore) pledged with lenders.
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