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Moneycontrol Pro Weekender | Christmas comes early The market rally is riding on chiefly the promise of vaccination. Investors seem to be sidestepping execution risks in India for the moment December 12, 2020 / 10:35 AM IST Never has the promise of a jab made so many people feel so high at the same time. The vaccine rally is well and truly on. US market valuations are reaching levels seen in the dotcom boom of the 2000s with recent IPOs such as AirBnB and DoorDash having had bumper openings. Sensex has crossed 46,000 crowning India among the most expensive emerging markets. But that doesn’t seem to deter investor optimism and the markets continue to make fresh highs.To be sure, the economy is indeed getting back on its feet, as our recovery tracker shows. October industrial production rose 3.6 percent, the fastest in 7 months. There is promise in indicators such as growth in ports cargo traffic, which helps firms like Adani Ports. The industrial capex machinery is s

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