Sensex may scale 25,000-mark in two years: FICCI Sunday, December 09, 2007

NEW DELHI: The Bombay Stock Exchange's (BSE) benchmark index Sensex, which attained new milestones this year, is expected to cross the landmark 25,000-level in the next two years, industry body FICCI has said. According to a majority of respondents in a survey conducted by FICCI, the BSE barometer's new achievement is likely despite the overall business confidence dipping to a five-year low and GDP growth slowing down to 8.9 per cent in the second quarter of this fiscal from 10.2 per cent in same period last year. The Sensex has been fluctuating, of late, on account of various reasons such as rupee appreciation, turmoil over Participatory Notes, US Federal Reserve rate cuts, increasing crude oil prices and sub-prime crisis. But the market sentiments have not been dampened by these factors, the survey 'Indian Capital Markets Ahead of Curve' said. The mood of the market players is overtly optimistic, with 58 per cent respondents believing that the market in one year would achieve 20,000-23,000 levels and another 23 per cent feel that it would move beyond 23,000. While, 55 per cent of the respondents predict the market level to reach 25,000 and above at the end of two years, about 26 per cent feel that Sensex would remain between 23,000-25,000. A majority of respondents has identified banking and engineering as well-performing sectors, while IT, pharma and auto are the few sectors that are likely to under-perform, FICCI said. With bank credit becoming more expensive and external commercial borrowings (ECBs) tighter, the capital market is the only other option for raising funds, the report said. [From Internet]

Important: My health conditions deteriorated following the injection of anti-rabies vaccine and due to other problems. And hence all new enrollment is STOPPED EFFECTIVE FROM TODAY (09-12-07)--untill further notice. Any fresh enrollment for the Quickie, Premuim and Portfolio Management Services will start after my chequered health conditions improve at bit. My regrets to all those who have applied for fresh enrollment....Too many enrollments in the above mentioned services have already taken toll on my health----please let me recover from the trauma...... Hence today's Sunday Report to the Premium Group members might be sent tomorrow morning before the market opens. The Quickie Members could also get the "Quickie Calls", Tomorrow morning before the market opens.