A bull-market illusion? Handful of stocks driving the surge, data reveals

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A bull-market illusion? Handful of stocks driving the surge, data reveals - Business Standard

Quick Summary:

In the broader markets, too, over 72 per cent of the NSE 500 stocks are still trading below their closing prices from September 27.

The ongoing rally in benchmark indices has not lifted all boats, as only a handful of stocks are driving the gains from the recent lows.

While the market has been range-bound between 22,000 and 26,000 for several months, Taparia believes sector rotation, from defence and banking to metals and IT, will broaden the rally.