The Indian stock market rose 16% between March 24 and July 17, powered by a clutch of reforms, and fuelled by retail and foreign institutional investor money
Stock markets make headlines when they either throw a tantrum and crash dramatically or reach lifetime highs. Gaining a breathless 16% from March 24 to July 17, with Sensex hitting a new high at 66,589.9 points on Monday, the Indian stock markets are on a bull run. While there is one set of very smug systematic investment plan (SIP) investors nodding importantly in their social networks, there is another set of index watchers — who predict doom when the markets crash – who feel happy about letting their money sit in a 3% savings deposit (“at least it is safe”) but fear missing out when markets get into a bull run. How far will it go and is this for real are questions they ask. I will speak to the latter group of people.
