Statsguru: Bulls on Dalal Street once again back in the driver's seat

After some turbulence in September, the Bulls on the Dalal Street are once again back in the driver’s seat. The benchmark S&P BSE Sensex rallied nearly 10 per cent in the past 10 trading sessions and regained the psychological 40,000-mark after over seven months. The index closed at 40,509 on October 9, less than 3.5 per cent shy of the all-time high of 41,945, registered in January this year. India’s market capitalisation made a new record of Rs 160.7 trillion on Friday.

The index is nearly at the same level when the second Narendra Modi government assumed office and, since