Dear Reader ,

Great expectations are riding on this festive season. The usual festive cheer has been buttressed this year by the GST cuts, on the one hand, and the dovish monetary policy announcement, coupled with the Reserve Bank of India’s relaxing rules to support credit growth. Reports indicate strong growth in retail sales during Dussehra and the hope is that the demand boost will continue till Diwali at least. Traders in the equity markets are clearly betting on the festive spirit, as they have stepped up borrowing from brokers under the margin-funded trading window to new highs. As our columnist remarked, this Diwali will be a special one for traders . Investors should closely follow the Diwali spending trends.

RBI consumer confidence surveys provide clues about the strength of

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