2017 wrap: Liquidity-rich markets took GST, note ban impact in their stride

It was clearly the year of mid- and small-caps, which outperformed larger peers as money -- both local and foreign -- poured in

Calendar year 2017 (CY17) has been a good year for the Indian stock market, despit some of the disruptive moves like the rollout of the goods and services tax(GST) and the lingering impact of the government decision to demonetise Rs 500 and Rs 1,000 currency notes late last year. From recovery after demonetisation to investors giving a thumbs-up to GST, from military threats between the US and North Korea to policies of global central banks and the outcome of Assembly elections – markets seem to have taken them all in their stride.
 
It was clearly the year