The Sheep Of Dalal Street.
It’s happening. Both the Sensex and the Nifty have rallied to their lifetime highs and the rally hasn’t fizzled out yet. The party, apparently, is just getting started. A few months ago, in the wake of a depreciating Rupee, a ballooning current account deficit, an impending banking sector meltdown (which, incidentally, is only going from bad to worse) and a crisis of confidence in India Inc., the bourses weren’t exactly the prettiest place to be and returns were just enough to keep the wolf from the door. But now, in a few short months, the markets have shattered their 2008 highs and ventured into uncharted territory, all at a time when the underlying fundamentals are nothing to write home about. So, what and who are responsible for such a rally, one that only promises to get bigger and better? Well, in a very short time, India will be going to the polls and this time around, the BJP is expected to capture the elections and form the government at the Centre. And of cour