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Market mantra: Govt safe, investors asked to play safe
Published on Thu, Jul 24, 2008 at 01:04 in Business section
Tags: Vote Of Confidence, Trust Vote , Mumbai
HIGH TIME: The BSE opened to a high 300 points and closed almost 900 points up.
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Mumbai: The stock markets have shot up following after the government survived the trust vote.
The BSE opened to a high 300 points and closed almost 900 points up. A rally unseen since March.
"Though a short term one that it seems, there definitely is a lot of positive sentiment in the market,” says stock broker, Hansal J Thacker.
It’s a sentiment that could prove a dampner on the shooting inflation numbers. Experts are even predicting the BSE to touch anywhere between 16,000 and 16,500 but not more than that
"There is no way this could head back to the earlier 17-18,000 figures, downward pressures are just too many,” says an investor.
Agrees stocks analyst, Deven Shah, “Banking and real estate seem to be good sectors to invest in. This current surge itself should have been one you should have capitalised on. But if not, make sure you get only into fundamentally strong stocks."
As the dark clouds looming over the stock market seem to have shifted, analysts are reiterating to the investor to remain caution. If you've already burnt your fingers, be careful this time - study, research and only then invest.
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