Waiting for more confirmation.

(From The Economic Times)

Byline: Rajiv Nagpal

Once again it has been proven that markets hate uncertainty. Howsoever negative an event might be, the moment it happens markets discounts it and look forward to something new.

Just as it became clear that war was going to break out, markets, both domestic as well as international, started to move up.

Experience tells us that this has happened before. Markets have risen after the outbreak of war. In the case of the Afghanistan war too, this was a marked trend.

The domestic market, which had been reeling under pressure despite a good budget, heaved a sigh of relief as the market …