The 1,000-point correction on the Sensex on July 2 seemed more of a knee-jerk reaction to a decline in credit rating for the US – from AAA to AA+ - that recreated a move made more than a decade back by S&P Global Ratings
We had very good numbers out of Meta, the owner of Facebook, this week. So we have got a story here where the top line is a bit better than people were expecting and the corporate sector in the US has been very good at maintaining margins.