A league of their own

FMCG, consumer durables, pharma and IT are the sectors that have done well over the past five years

Optimists believe there is always a bull market somewhere. Right now, we have a bull market in pessimism. If one were to go by hearsay, nothing seems to be going right for the economy. The new RBI governor is being looked upon as a knight in shining armour but the jury is still out on if his band-aids can stop the haemorrhaging of confidence. The recent spike in the market would have you believe that all is well but foreign institutional investors (FIIs) continue to desert the Indian debt market and are on tenterhooks as far as their equity exposure is concerned.