The fear of flying at Mount 50K
- Flush with liquidity, the stock markets are at a dreamlike high. But the worries are also mounting
- Many feel the gains have come too fast. With scores of new investors entering the bull market late, and with the cream of the rally behind, further gains are not going to be easy
For the past few days, the Sensex has been flirting with the landmark figure of 50,000. Things have reached such a pass that crossing the magical mark seems to be a matter of course. The Indian stock market’s rise has already been unbelievable, defying all odds.