What to buy in a bull market?

May Market Mayhem The last few weeks have been heady for the Indian stock markets. Since the first set of leaked exit poll results, stocks have surged on new-found confidence that the new government will banish all that has ailed the Indian economy. Within a fortnight, analysts have gone from recommending the staple stocks for the last 2-3 years to ones they hadn’t mentioned in a long while. The transition from “cautious optimism” to “full-blown confidence” has been dramatic. Three charts summarize this turnaround since the beginning of May 2014. Chart shows the performance by market cap. After a sedate start to

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