Customer Spending Keeps the Bull Running

Ever since this bull rally began, whispers of a looming market crash reminiscent of the 2008 Global Financial Crisis (GFC) have filled the air. The recent surge of IPO subscriptions is a stark reminder of past market frenzies. Bajaj Housing Finance's IPO, for instance, received record-breaking contribution from investors. The last time we witnessed such a frenzy was with Reliance Power’s IPO—and we all remember the aftermath of that one! But times have changed, and while history doesn’t always repeat, it sometimes rhymes.