Two major news were the root cause:
- Our PM Mr. Manmohan Singh took over the Finance Ministry - Market made an anticipatory move UP under the assumption that new financial reforms and changes will be brought in to satisfy Corporate houses and Multinationals
- Euro Summit reached an important agreement to allow troubled Euro-zone banks to take loans directly from ECB (European Central Bank) without any control on the Country's Fiscal Policies/Budgets - Kick the can down the road and the story continues...
Is this start of the next BULL move!!! AND how do we know that?