Looks like a cosmic script written to gladden India’s heart is unfolding day after day.
As if to provide the timely, sporting spark to the bomb of economic and financial cheer that was building right through the Diwali week, Rohit Sharma smashed a double ton in the final ODI against the Aussies on Saturday.
What next? Today, the Diwali day, the stock markets will hold a special muhurat session to invoke and worship the goddess of wealth, Laxmi, and will hope that Samvat 2070 will get off to a flying start. The Sensex may soar 200-odd points — 209 points would be a tribute to Sharma’s identical knock, isn’t it?
The finance minister’s assertion on Friday that the current account deficit would be much lower at $60 billion against the estimated $70 billion has already provided much cheer to the markets, besides helping the Sensex end Samvat 2069 hit a lifetime closing high.
That mood of optimism, accentuated by Sharma’s superlative double ton, could well feed into market sentiment today during the muhurat trading session. For, Mumbai’s traders and brokerages are known for their love of cricket, and instances of trading grinding to a halt during, particularly explosive cricketing moments, are not uncommon.
So, it is conceivable that market mavens will whip out their new, expensive smartphones, iPhones and other such nifty hand-held devices, exchange a tip or two in real time on social media and conspire to make the most of the glad tidings that marked the Diwali week. What better way to bring the week to a roaring, exploding climax?
After all, it has been that kind of a week. If Dhanteras poured cold water on gold and car sellers’ dreams of making a killing, it also revealed not-so-encouraging October factory output data. The auspicious day also unleashed consumer frenzy as Gen X, Gen Y and Gen Zee went after newly launched deals for super smartphones, setting a record for footfalls in retail spaces on a single day.
It appears India is simply not in a mood to let anything, including pesky things like inflation and concerns about the economic impact of cyclone Phailin, to dampen its soaring spirit.
Why, even the normally cautious RBI governor Raghuram Rajan expects weather gods to smile and bless India with good kharif and rabi crops.
On Saturday, even as Shikar Dhawan ran amuck after plucking the catch to dismiss Faulkner, the last Aussie man standing, and seal the series that could have gone either way, news filtered in that Gaurav Gill created history by becoming the first Indian driver to win the FIA Asia Pacific Rally Championship (APRC).
Not to forget Tendulkar’s epic last Ranji innings. High chance for a fairytale finale at the Wankhede? Talk of a cosmic script.