Markets Go Into Wait-And-Watch Mode
The contest between bulls and bears in the equity markets is getting tougher than the IPL cricket matches, all thanks to the election outcome uncertainty and the fluctuations in the international crude oil market. Much to the amusement of investors world over, the world economy is being tweetcontrolled by the US President Donald Trump. His tariff threat against China and the tightening of sanctions against Iranian crude oil are pushing the global economy into nervous mode. But as always, the Indian equity market has shown resilience and rode on the bulls and endured the grip of the bears during the fortnight. Despite all the ups and downs, the benchmark index BSE Sensex showed a marginal dip of 0.12 per cent for the fortnight and Nifty50 was almost flat, up by a miniscule 0.03 per cent.
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