New Delhi, Dec. 9 -- While the Indian stock market's recent rise to a new high made headlines, market veteran Shankar Sharma has a different take on the recent bull run, which he sees as the biggest cash transfer from the rich to the poor.

While equity investors, even small retail savers, at least receive stocks and mutual fund units in return for their money, the same cannot be said for F&O traders, who Sharma believes face a permanent capital loss.

In a latest post on X, Sharma said, "This bull market will go down in Indian history as the biggest cash transfer from the poor to the rich (F2s, Promoters, Founders, VC, PE, Asset & Wealth Managers, etc)."

Sharma's tweet comes against the backdrop of massive equity dilution cycles and IPO...