The Super-Awesome Raghuram Rajan effect on the market continues. Just kidding – he started what seems to be a pretty sharp move up – three trading days and 8% on the Nifty, probably the fastest ever! Following banks now are Infra and FMCG, but nothing else has gained more than the Nifty. Auto which was a laggard till yesterday. IT has also bounced since. (See also: The Rajan Impact on Sectors As Of Last Friday ) The Junior and Midcap indexes haven’t gone as far up, which probably means retail investors are missing out on the big rally. But given …
[via Capital Mind]
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