Short-term outlook remains bullish (The Hindu Business Line 31st Dec 2007)As we prognosticated, Dalal Street raised the benchmark index above the crucial 20,000 mark close to its all-time high indeed in the last week of 2007. Even as the Sensex P/E raced to 27.5, one of the highest among all major markets, the FIIs dropped their reservations over its over-valuation and pressed buy buttons in the last three sessions of the past week.
The short-term outlook for the Indian equity market seems to be bullish as many of the players are likely to join the catch-up game in the next few weeks.
2007, the fourth booming year in succession, placed Indian market firmly in the top bracket in terms of depth and the contribution of institutional trading moved up to 26 per cent from 23 per cent last calendar year. This underlined the qualitative change, underway on Dalal Street. Trading volumes jumped by over 65 per cent and institutional volume soared more than 80 per cent against that in 2006. More
The short-term outlook for the Indian equity market seems to be bullish as many of the players are likely to join the catch-up game in the next few weeks.
2007, the fourth booming year in succession, placed Indian market firmly in the top bracket in terms of depth and the contribution of institutional trading moved up to 26 per cent from 23 per cent last calendar year. This underlined the qualitative change, underway on Dalal Street. Trading volumes jumped by over 65 per cent and institutional volume soared more than 80 per cent against that in 2006. More
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