Oct 21 2007
Sensex and investor
With P-Notes (what are p-notes ?) being surely going to be stopped , there seems no stopping sensex going downward. With the kind of crazy high we have seen in the last month with so much money being pumped in by FII’s (roughly 80b$ of which around 50% is through p-notes) so now there seems to be rush of taking money out and hence the fall seems to be no stopping.
Really speaking it was expected because as FM said he was not comfortable with the rise of the rupee and sensex not reflecting the state of the economy , whereby sensex seems overheated but economy was cool.
What does future hold for investors like me ? One thing is for sure Indian economy outlook is great for the long term as it is expected to grow by 8-10% so if you are for long term then spend in quality stock and hold on and make informative decisions.
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- Sensex crossed 20000 ? Should we Enter ?
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