After a smooth sail in 2017, equity market investors have witnessed a bumpy ride this year. Sample this — there have been six trading sessions this year when the benchmark Nifty gained or fell more than 2 per cent, up from zero last year. Similarly, the number of sessions when the index has moved by more than 1.5 per cent has quadrupled to 17 this year.
Not just India, but global markets have also been on a roller-coaster ride amid the rise in US dollar and bond yield due to monetary tightening by the US Federal Reserve, and fears of