Markets Espresso: Tere bhi din aayenge chote, accha khaasa hil jainga

Hello there, Espresso Lovers. Relieved that the weekend is here? You bet we are. With the kind of week that went by, one could only count down to the weekend, which, with absolute certainty, will feel like it went past by the time you finish reading this episode!

Mereko to aisa Dhak Dhak ho rela tha when the first ticks of the indicative closing price flashed on Friday during the Closing Auction Session. They were below 22,421, the level the Nifty needed to close above to prevent a ninth straight weekly loss. A cat has nine lives; the Nifty does not need nine red weekly candles for sure! While we sat before our screens, just the way we wait for India to win the World Cup final, the heavens chose to have some mercy on the bulls. It was a weekly gain. Even if it was just 100 points, even if it was short-covering, a dead-cat bounce, whatever, it was a green tick. And as we say in cricketing terminology, inside edge or outside edge, it still went to the boundary. We'll take it.