The domestic equity market tanked midway through the week after North Korea fired a missile in the Pacific Ocean, rattling world markets . Such numbers are like rearview mirror; they have no utility for the market. What will be forthcoming in the coming months and quarters is what really matters to the market, and nothing else. Various indices are in divergence with the Nifty50.For example Bank Nifty, Nifty Infra Index and Financial Services Index are all still showing weakness. Short bounces should not be considered as beginning of the rally.The Nifty50 closed the week at 9,974, up 1.19 per cent.

Source: Economic Times September 02, 2017 04:41 UTC