The week ended with a huge rally which was supported by the better outlook given by rating agency Moody’s and the investment banker Goldman Sachs. The Parliament's return to work was another reason. The markets showed a weekly gain of 4.5 per cent.

Moody’s projected a stable outlook for India and maintained the country's sovereign rating at Baa3 followed by healthy savings and investments rate. The agency raised its GDP target to 6 per cent from 5.4 per cent in FY 2012 and higher in FY 2014. But Moody's also expressed concerns over high fiscal deficit and inflationary pressure which may add pressure to the economy.