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In Dalal Street’s gold rush, some winners are selling the shovels

by Wright Research

Published On Jan. 19, 2026

In this article

In Dalal Street’s gold rush, some winners are selling the shovels

In 1848, Samuel Brannan struck it rich—not by mining gold, but by selling shovels. Today, India’s ‘market plumbing’ follows his blueprint. While investors chase the next big stock, the real fortune could lie somewhere else. Read on.

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