Work with stop losses on portfolio

THE MARKETS WERE in a consolidation mode last fortnight, following the Nifty touching a high of 25,116 points on May 15.

- VK SHARMA

The markets have weathered the sharp change in the mood of Trump—from that of a close ally to someone who does not know how to respond to the emergence of India as a military power in Asia. Imitation, they say, is the best form of flattery.

So, Washington wanting to now build a golden dome of air defence (on the lines of India's Aakash Teer system) is a silent but grudging admission that the US needs to play catch up. Western defence journals have spoken eloquently about India's cost-effective systems.

Subsequent revelations that the Chinese and Turkish personnel had helped Pakistan man their key arms only show India in a better light.