As we sit in the trading room, battling dumping of good stocks in untimely mis picks the profits from good trades seem suddenly in danger. India's stability is in question. Why? Well, the bank committee on monetary policy had a few eye openers and despite the brave public ways of hiding the good stuff, unnecessarily the markets are on edge trading 5 times the volatility and unable to decide on a single negative to the banks from the bank policy afternoon.

Investors, FIIs and new hands to the Emerging Markets story have turned in a new mix for this largest democracy vying for deep pockets for its multitude of infrastructure improvements it has to finance without access to changing the democratic, parliamentary socialist democracy and its crowd of financial market participants trying to tear its markets asunder in vain hope in much a rain shortened daily date from 9 to 5. I say rain shortened because the only answers are much like the negotiated and settled ones in the cliched situation in the game of cricket when you cannot get a full result. For Inter and Man United fans, it would mean playing in a downpour and for the NFL guys it would be in the face of a blizzard at the Patriots home stadium.

But it is a busy day with networks having run into great quality content as well and torn asunder by dwindling loyalties as all the special situations that could be stored and resuscitated in trading plays having been on since 2008 till now. Here comes the big bad wolf, the big deal and thus the big fall from an expectation filled event like the March policy announcements. Half the monetary reforms in the monetary policy won't be touched by the policy and there will be a rate hike. The Sun will rise from the east and hence banks would have improved the rate of accretion of deposits, hurt to the NII minimised, we of course sit pretty on a traditional regulation structure which gives us plenty of protection fro mcapital destruction events and the Forbes lists can soon include bank promoters too by virtue of more voting stock. But as Dimon sdaid, we need more, much more!

The Euro is back though and the Gold investments worth holding on to. And Indian banking diaspora are riding on good press from back home as Vikram Pandit and Anshu Jain hang on to the US roller coaster by the coat tails

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