The Nifty was traded at 7,963 on January 1, 2016. And, it will close out the year at more or less the same levels. This is depressing, since the index hit a peak of 8,968 in early September. In fact, market action through 2016 was unusual. The year started with a downtrend, and ended with a downtrend, with one bullish period in between.
The market hit a 52-week low of 6,825 on the Budget day. It bounced on the news that Mr Jaitley intended to hold the fiscal deficit to 3.5% of gross domestic product (GDP). From then till
The market hit a 52-week low of 6,825 on the Budget day. It bounced on the news that Mr Jaitley intended to hold the fiscal deficit to 3.5% of gross domestic product (GDP). From then till
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