Political Stability Should Now Pave the Way for Growth

The Indian equity market’s journey this past week has mirrored that of a sprinter—starting with a burst of energy but ending like an exhausted marathoner. For the majority part of the week, the markets got off to strong starts but struggled to maintain their momentum by the end of the trading day. As the sessions progressed, profit-taking eroded the early gains, and the absence of sustained buying at higher levels led to the formation of long upper shadows for three back-to-back sessions.