It is too premature to say there is a definite bull more
It is too premature to say there is a definite bullish trend in the market, said Jagannadham Thunuguntla, head of the capital markets arm of India's fourth largest share brokerage firm, the Delhi-based SMC Group.
Just too much has happened in the last two months and investors are still shell-shocked and trying to understand the state of the global economy, Thunuguntla said.
He, however, pointed out that bear market excesses are always followed by a sharp bounce-back and since the Indian equities markets have been in a 10-month long bear grip eroding share values by more than 50 percent since markets peaked in Jan this year, some recovery is only to be expected. less
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