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Look before you leap

<p>Primary is the place to be and you will gain if you hold your horses</p>

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Markets continued to be under pressure and though they showed signs of recovery on Friday. Intra-day gains were surrendered as markets closed for the long weekend. BSESENSEX lost 638.72 points or 2.04 per cent to close at 31,283.72 points. NIFTY lost 175.80 points or 1.80 per cent to close at 9,788.60 points. The broader indices saw the BSE100, BSE200 and BSE500 lose 1.78 per cent, 1.74 per cent and 1.64 per cent respectively. BSEMIDCAP lost 1.13 per cent and BSESMALLCAP was down 1.11 per cent. These indices saw a recovery on Friday which reduced the weekly losses.

Union Minister for Finance and Corporate Affairs Arun Jaitley looks at a book titled ‘GST’ at a time when the economy is a cause for concern, at a function in Faridabad on Sunday. Pic/PTI
Union Minister for Finance and Corporate Affairs Arun Jaitley looks at a book titled ‘GST’ at a time when the economy is a cause for concern, at a function in Faridabad on Sunday. Pic/PTI

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