When the UPA Government first came in, great hopes were placed on a well educated, sensible, triumvirate of Finance Minister, P Chidambaram, educated at Harvard, Prime Minister Manmohan Singh, (Cambridge and Oxford) and Planning Commission Chairman, Montek Singh, (Oxford).

The rally continues, spurred by an RBI credit policy which did not change interest rates but hiked CRR by 25 basis points to suck out some more liquidity and by some encouraging corporate results, such as those of DLF which made a fourth quarter profit of a whopping Rs 2176 crores!