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Chart of the Day | The one chart that shows you the small width of the market rally

The market touching new highs is more of an optical illusion

November 27, 2019 / 09:44 AM IST
Chart of the Day | The one chart that shows you the small width of the market rally

(image) The big question every market observer is asking today: why are the markets touching new highs when the economy is in such dire straits? Of course, this rally is not supported by fundamentals and driven mostly by liquidity. A second point to consider is that only a few stocks are driving this rally. Thus, the market touching new highs is more of an optical illusion. The chart says it all. In the last two years, while the Sensex...

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