 "Ongoing bull market phase 'longest and slowest', says Morgan Stanley")
Benchmark indices, S&P BSE Sensex and Nifty 50 index that have moved up around 19 per cent and 20 per cent, respectively in the June quarter are recorded their sharpest quarterly gain in 11 years. Earlier, in June 2009 quarter, both these indices had rallied 49 per cent and 42 per cent, respectively.
The liquidity-driven rally also lifted shares of smallcap and midcap companies that recorded their biggest quarterly gain in six years. In April- June quarter, the S&P BSE Smallcap index has rallied 28.8 per cent and S&P BSE Midcap index soared 23.5— the most since June 2014 quarter when
