Not Out of the Dark Tunnel Yet!

The world markets going one way and the Indian market going the other way has been the story for the month of August. Let’s put this into perspective with the help of numbers: Nifty 50 closed higher by 3.5 per cent while the broader markets like Nifty Mid-Cap jumped 6.23 per cent and the Small-Cap index advanced 4.91 per cent. Meanwhile, for the month of August, the Dow fell 4.06 per cent, the S and P 500 lost 4.24 per cent and the tech-heavy Nasdaq declined 4.64 per cent.