Excerpts’s from interview with Ayesha Faridi of ETNOW.Narrow bull markets can last some time and they can confound logic. I do not know when these things end but they always end badly. I do not think there is any exception in the history of markets where narrow bull markets went on to give you 20-year kind of returns. I do not think the number is more than 50 lakh crores people that is a very narrow set of people. I was not in the consumer lending business but I had friends there and they were going around giving two-wheeler loans and Maruti car loans in the bad lands of Punjab.

Source: Economic Times July 04, 2019 07:23 UTC