SECTORIAL PARTICIPATION IN DIFFERENT BULL RUNS OF INDIAN STOCK MARKETS

“History does not repeat itself but it often rhymes” goes the aphorism. It is particularly true in the case of bull runs. While the characteristics of bull markets remain similar the sectors driving it vary. So in general, what is it that the crowd likes to pick in a bull market? “It likes companies that grow rapidly. During bull market madness, growth is more valued than the quality of growth” says RaamdeoAgarwal, Joint MD, MotilalOswal Securities Ltd. Thepresent study will be a modest attempt in the area of Behavioural finance and the focus will be to analyze the various bull runs of the Indian stock market and also to find out which sectors were driving these bull runs.