UPA 275, Sensex 838

So the UPA government scored 275 not out in a closely contested limited hours match.

Opposition cried foul alleging match fixing, UPA carried on playing in spite of bad light.

And in the end, the biggest gainer was India's markets which gave a resounding welcome to the final score. The benchmark BSE Sensex gained 838 points yesterday which many experts say is based on the belief that with the Left out, the government will be able to push through economic reforms.

But, even as I write this (11.55 am), the market is trading in negative territory having opened up over one percent.

Sliding markets was playing havoc with investor sentiments. It was said that political uncertainty was robbing the markets of all its past glory.

Was it?

Purists say invest based on the valuations of a company and the health of their balance sheets. Purists also said that this was a bear market and the question is no longer to hold long or short. The question is -- Is it the right time to invest in markets?

Some experts are still questioning yesterday's surge, looking for an overnight change in valuations and balance sheets.

So is our market overbought on sentiments than fundamentals?

Think the answer lies in a colleague's Facebook post -- "The markets behave in their own mast ways."