Nifty and Sensex touched record highs last week but are set to start 2018 with prudence

The Nifty and Sensex ended the year 2017 on a high, gaining 29 per cent and 28 per cent correspondingly. Most of the sector indices have done well and outperformed the broader indices in 2017 — the Bank Nifty gained 40 per cent, the metal index advanced 48 per cent and FMCG index surged 29 per cent. The IT and Pharma sector indices, though, continued to underperform. Overall, it was an excelle...