A
longish bull-run that added to investor cheer over Christmas
week 2023 took the most cited index of Indian stock
market activity, the Sensex, to a record 77,240 level
on the last trading day of the year. But the 18 per
cent increase, over the nine months starting April,
that explains that level only partly captures the frenzy
in the market.
*
This article was originally published in Frontline on
January 11, 2024.
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