Amidst Volatility, Markets Show Strength

On the eve of December 11, when RBI Governor Urjit Patel decided to call it a day at the impressive edifice at Fort, Mumbai, there was a general expectation of a bloodbath in the markets the following day. More so, because the next day, results of Assembly elections in five states were to be announced and it was a general feeling that the ruling BJP would take a substantial hit in all five. The following morning was, however, a pleasant surprise for the investors as the markets did not fall. In fact, it rose and held steady for the day before donning the volatile armour for the rest of the week. This was a welcome sign of the markets becoming resilient to political and other developments. The markets, though volatile, have behaved in a pretty matured manner since then with more gains than losses. This is something that most Indian investors will cheer for as they go into an election...