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No country for bears

Calls for a correction have been ignored in this market

Anupam Gupta 

Anupam Gupta Two months ago, on this blog, I wrote that it was time for a break, a pause of sorts for the stock markets in India. Clearly, I was wrong. As the rally of the past few days has shown, markets are hungry for more. To put this in perspective, on July 7th, when I wrote that post, the Nifty closed at 8,338, up a whopping 22% from its Budget 2016 low of 6,826 on 29th Feb 2016.  However, as I write this, the Nifty closed at a new 52-week high of 8,969 today (September 7th) – or a 7% rise in two months. Thus, since 29th Feb 2016, the Nifty is up by a whopping 31%. By any ...

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No country for bears

Calls for a correction have been ignored in this market

Calls for a correction have been ignored in this market Two months ago, on this blog, I wrote that it was time for a break, a pause of sorts for the stock markets in India. Clearly, I was wrong. As the rally of the past few days has shown, markets are hungry for more. To put this in perspective, on July 7th, when I wrote that post, the Nifty closed at 8,338, up a whopping 22% from its Budget 2016 low of 6,826 on 29th Feb 2016.  However, as I write this, the Nifty closed at a new 52-week high of 8,969 today (September 7th) – or a 7% rise in two months. Thus, since 29th Feb 2016, the Nifty is up by a whopping 31%. By any ... image
Business Standard
177 22

No country for bears

Calls for a correction have been ignored in this market

Two months ago, on this blog, I wrote that it was time for a break, a pause of sorts for the stock markets in India. Clearly, I was wrong. As the rally of the past few days has shown, markets are hungry for more. To put this in perspective, on July 7th, when I wrote that post, the Nifty closed at 8,338, up a whopping 22% from its Budget 2016 low of 6,826 on 29th Feb 2016.  However, as I write this, the Nifty closed at a new 52-week high of 8,969 today (September 7th) – or a 7% rise in two months. Thus, since 29th Feb 2016, the Nifty is up by a whopping 31%. By any ...

image
Business Standard
177 22