Akin to Booming Past the Sound Barrier
What an incredible market journey it has been! The Nifty 50s climb from 18,000 to 19,000 was a steady and patient ascent that spanned over 21 months. But the real thrill began when it skyrocketed from 19,000 to 19,991.85 in a mere 15 trading sessions. The market participants celebrated this rapid surge with the same enthusiasm as school children did when they unexpectedly get a holiday due to heavy rainfall. This meteoric rise in the market was largely fueled by the foreign portfolio investors (FIIs) who poured in a tsunami of funds into Indian equities.