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Steeper Climbs, Riskier Terrain

Steeper Climbs, Riskier Terrain

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A common daily headline in the media nowadays is about the Sensex touching all-time highs. Very few market rallies have been so ferocious. Stocks like Tata Motors jumping more than 20 per cent in just two sessions says a lot about the market frenzy. The rises are happening in a shorter span of time. This acceleration is a clear sign of the markets moving too fast, which is normally only seen close to the peaks. Simply put, what is pushing the markets higher is the liquidity coming in from the FIIs. Yes, no doubt, there is better-than-expected economic recovery and earnings but definitely none to justify the recent steep climb.   

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