Stock Market Outlook: Ayodhya case resolved, now markets should settle down
Markets continued their upward march through the week but a downgrade of the sovereign outlook by Moody`s caused a break in the momentum. This was further compounded by it being Friday and weekend and also the fact that four important judgments were to be pronounced by the Supreme court in the latter half of the coming week.
With Ayodhya case behind us, it would be fair that the markets get back to their previous ways. The expected new high on NIFTY last week may happen in the coming week or fortnight. Reuters