Market Magic

Sensex on bull ride; Target is Mount 10K

Sensex @ 10K! Sounds alarming? Not, if the current momentum on the bourses continues and there are more than enough catalysts to propel the markets further, at least at the current growth rate.

The Indian stock market has never seen so much interest in the recent past. The bulls are charged up and the market scaling new peaks is almost a daily routine now.

The bulls had roared loud last time with such intensity when Harshad Mehta was around. The BSE Sensitive Index (Sensex) had surged from the 2,000 level to the 4,000-point milestone in less than three months. However, that boom proved to be a damp squib once the deeds of Mehta were out in open. Thereafter, the benchmark index, which tracks 30 large-cap stocks, had taken more than seven years to cross the 5,000-point level. The obvious reason, the past rallies were driven by more of speculations rather than fundamental strength.

Here are some reasons why the bull run on the bourses will not stop.

Continued
The big question is: will Sensex touch Mt 10K?

posted by Arhaan @ 12:45 PM