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Udayan's view on 2008

Mkts may surprise either ways in 2008 (CNBC-TV18, Moneycontrol.com 1st Jan 2008)2007 has been a year of dreams for the stock market. Who would have thought when the year started that we would end 50% and more higher on the Nifty, 75% higher on the midcap index and the kind of multibaggers this market has churned out for the last 12 months. It has really been the stuff of dreams and therefore the bar is set very high as we go into 2008. Even so we cross our fingers, hope for the best, and hope that the markets would do an encore as they did in 2007 versus the weight of expectations when we started the year.
On the markets in 2008:
We probably can’t be very sanguine in 2008. We were not sanguine as we ended 2007. So we need to keep that bit of history on the back of our minds as well because when we sat on 1st of January 2007 we asked the wisemen of Dalal Street, what they thought the year would be like. Not many of them would have said that we would see 50% plus gains this year. More
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