From left, Algeria’s Bank Governor Mohamed Loukal, Federal Reserve Chair Janet Yellen and India Finance Minister Arun Jaitley during the International Monetary and Financial Committee (IMFC) conference at World Bank/IMF Annual Meetings at IMF headquarters in Washington. Pic/AP/PTI

Markets opened on a strong note on Monday, as if we were starting a new rally and it continued on Tuesday, after a repo rate cut by Reserve Bank of India Governor Urjit Patel, addressing his first meeting after taking over.