The tide turns: Markets have shrugged off the effects of Trump and note ban

Sensex is up nearly 5 per cent from its November 8 level

The stock indices are attempting to scale new all-time highs once again after two years; both the Nifty and the Sensex are very close to levels reached in the first quarter of 2015. It is not India alone; the US markets are also making new highs. Both countries have gone through extraordinary events and the resilience of their markets has left investors surprised. Donald Trump’s presidency and his unconventional policies have not slowed down the rise of the Dow Jones Industrial Average, which has gained 14 per cent since November 8, the day Mr Trump was declared president. The next