Mumbai: It's 10,000 on the Sensex, but what does it mean for the man on the street? Is this the right time to put in some money or should one just wait till the markets cool off?
The investors from Dalal Street are high on the sensextional rise. However, there are many voices that have also cautioned against a premature celebration.
Is it a good time to put some of your life savings in the markets? The opinion on the street is mixed.
While the small investors are rather cautious, on 10K and beyond, the big boys are sticking to their guns.
"It's a great time to invest. The Sensex will just go up now. 10,000, 12,000, 15,000 the sky is the limit now," said a joyous investor.
For them, the fundamentals of the Indian economy are sound enough to suggest that the Indian story is just beginning.
"It's a resurgence of the Indian economy. Just like a sweet-16, coming of age party for the Sensex. And this hopefully, is just the beginning," Member, BSE, Ramesh Damani, said.
"Economy is taking off and it's certainly a great new for India," Exec-VP DSP Merrill Lynch, Andrew Holland, said.
Before Monday, the investors were not in the best of their spirits considering the Reliance controversy and the adverse effect it could have on the shares. But Monday’s bull run has brought much cheer back to the Dalal Street and the feel-good factor.
Comments
0 comment