Mr. Market always knows but majority were surprised at 7% GDP
Market began the week with mild optimism rising mid week to cheer No Negatives from President Trump, but continued profit booking brought down indices by the close of the week. GDP numbers came at 7% growth for Q3 compared to previous year, which was a pleasant surprise to many economist but Mr Market knew it all. Markets had continuously sprinted since the beginning of this financial year as seen with the 1000 point rise in Nifty in previous two months, contrary to majority opinion on the street that due to demonetization the performance of the economy will get impacted. Even the so called most professional players the FPIs or the FIIs have also not been able to invested in this 1000 point rally. But collectively, Mr Market is far more intelligent and well informed as to what the future holds for it. That is why it is said, people cannot predict correctly all the time and therefore it is advisable to follow the Market rather than predict it. ...