Market Momentum Propelled by Investor Greed
In a thrilling turn of events spurred by both foreign and domestic investors, the S&P BSE Sensex, the benchmark index of the Bombay Stock Exchange, skyrocketed to a new all-time high. However, the Nifty bulls that have patiently been waiting for their moment of triumph have been put to the test in recent trading sessions as they came tantalizingly close to a new record high, only to fall short. The Indian market has experienced a solid rally in the past couple of months with the Mid-Cap and Small-Cap segments leading the charge. This surge has been driven by positive flows from foreign institutional investors (FIIs).