Rally similar to 2002-03 bull run

by khalid on 28/04/2009 · 0 comments

Rally

Rally

Anish Damania of Emkay Global Financial Services sees some similarity in the run up between the 2002 to 2003 bear to bull phase and the March 6 to April 15 run-up. “Towards the wee end of that period also, we had a similar last rally where more than 50% of BSE 500 stocks gave more than 50% returns. Likewise in the March 6 to April 15 rally, we saw more than 50% stocks giving more than 50% returns.” However, he was quick to add that in the 2002 to 2003 phase, the nifty corrected by about 20% after that big rise. “But there were nearly 40% stocks which still gave positive returns.”

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