A close above the mark of 10,705 should be seen as an end to the current bearishness. There is a market myth, propagated by some of the talking heads on TV that you can safely sell in May and go away....
If you do not want to be disappointed when the bull market resumes, it is best to switch to an index fund, which will ensure that you get market returns for a minuscule fee.
In the age of seamless markets it would be puerile to lay all the blame on the finance minister’s door. But his budget could have provided fresh triggers for the markets to rally around.