At this point, there are enough reasons to be bullish and an equal number of reasons to be bearish in the stock market. To some, a no-cut in the interest rate may seem disappointing. The other way to look at it, however, is that the RBI is sure that it does not need to give a further push to growth. And that is probably why the market recovered on Friday. Can there be more global uncertainty? And can it impact the market in India? Yes, surely. But there is a macro reason why investors need to look beyond short-term liquidity issues.
