The Dow Jones gained since the results of the US election. Police stand guard outside of Trump Tower as U.S. Rep. Carolyn Maloney and New York Congressman Jerry Nadler hold a news conference to request more money from the government to help pay for police protection for President-elect Donald Trump on December 9, 2016 in New York City. Pic/Getty Images/AFP

The week gone by had its unpredictable and illogical moments. The Reserve Bank of India (RBI) kept rates unchanged and markets fell predictably post the announcement, but rose the very next day to not only recover the losses but end with big gains. What changed between 2.30 pm on Wednesday when the policy was announced and the next day, beats me. Very clearly, the market took the lack of rate cut in its stride and moved on. The net result was that BSESENSEX gained 516.52 points or 1.97 per cent to close at 26,747.18 points while NIFTY gained 174.95 points or 2.16 per cent to close at 8,261.75 points. The broader market saw the BSE100, BSE200 and BSE500 gain 2.23 per cent, 2.23 per cent and 2.17 per cent respectively. BSEMIDCAP gained 2.755 and BSESMALLCAP gained 1.96 per cent.