Exhaustion and Hope in Mid-year
Throughout April, before the general elections, the market moved in a narrow band. From a close of 11,669 on 1st April, the NIFTY closed the month at 11,748. In early May, when the media started discussing a much narrower majority for the coalition led by the Bharatiya Janata Party (BJP) , there was a sudden decline in the NIFTY by around 5% or so till the middle of May, or a week before the...
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