‘Rare phenomenon’: Nifty gains 1% for the fourth time in five days

• Analysts attribute strong earnings from banks and IT companies to the upturn.

• Sectoral indices show over 3% rise.

• Rare trend: benchmark Nifty 50 up more than 1% in four out of five positive trading sessions.

• Sixth consecutive positive trend in the past decade.

• Pattern observed on May 27, July 15, and November 3-5, 2020.

• Market increased by an average of 1.6%, 5.1%, and 15.7% in two months.

• Message: Movement tends to cluster during periods of strong momentum and high volatility.