The expected rate cut was confirmed, bringing in money from abroad. The fall in rates favors equities.

I think it could last as the gains abroad are strong.

The economic fundamentals are good and there's cash around.

We saw some profit-taking amid less volume and on the back of healthy gains in the past two weeks.

The market remains very nervous and volatile. While we have the turbulence in the U.S. markets, it's best to stay clear.

Its a great market to build medium- to long-term portfolio.