A data graph tracks the movement of stocks. (Photographer: Alex Kraus/Bloomberg)
India’s Nifty 50 is on track to rally beyond 19,500 and any decline on its way will merely be a blip, according to Elara Capital’s Biju Samuel.That has prompted the senior vice president, quantitative and alternate strategy, at the brokerage to be cautious in responding quickly to any bearish signs in the markets. “In a bull market, the trend is innocent till proven guilty. In a bear market, the trend is guilty till proven innocent.”...