Consider putting stop losses

IN MY LAST fortnightly article, I had said markets like to climb the wall of worry! And the markets did just that.

- VK SHARMA

The Operation Sindoor commenced in early hours of May 7. The Nifty fell to a low of 23,935 on May 9, losing 444 points, or 1.82%, from the close of May 6. The Nifty then rose (1,181 points or 4.93%) to an intraday high of 25,116 on May 15, before closing the week at 25,019 on May 16. As expected, the markets first fell when hostilities had broken out and then recovered to recoup all the losses and close higher.

The jaw-dropping precision with which the Indian forces destroyed terrorists' structures in PoJK and Pakistan has the world in utter disbelief. Turkish and Chinese drones were neutralised by our indigenously developed air-defence systems.