“With positive economic data pointing towards economic recovery, the market is expected to remain bullish in the long term while the possibility of a short correction in the near term cannot be ruled out. On the backdrop of eased retail inflation, the wholesale price inflation data to be released next week is expected to cool down as well,” said Vinod Nair, Head of Research at Geojit Financial Services.
If India promotes Spacs, Indian capital markets will benefit from the competitive edge over other Asian markets. Of course, that will require Sebi and other institutions (especially, judiciary and enforcement) to be responsive to the needs of Spac investors, especially international ones.