‘Acche din’ for Indian markets seems to be around the corner. Market sentiment is bound to improve with expectations of a normal monsoon, revival in economic growth, rate cuts and the passing of the GST Bill in FY17. Global brokerages are becoming bullish about Indian markets. Citi and HSBC have upgraded India's rating and Sensex targets. Global financial major Morgan Stanley expects the Indian equity market to outperform the global …

The International Monetary Fund has retained its growth forecast for India this year at 7.5 per cent, largely driven by private consumption even as weak exports and sluggish credit growth weigh on the economy. India's growth momentum is expected to be underpinned by private consumption, which has benefited from lower energy prices and higher real incomes.

Political risk, region by region, is high at the moment. From an Indian perspective, …