The Sensex breached the 13,000 mark

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Monday, October 30, 2006 (New Delhi):The Sensex breached the 13,000 mark in noon deals on Monday. The move from 12,000 to the 13,000 mark took 135 trading sessions.

With the benchmark index hitting a new all-time high, should you book profits or ride the market till the going is good? This is what the experts' have to say:

Hemendra Kothari, DSP Merrill Lynch

We remain bullish on medium-to-long term. Naturally, with the markets going up in a straight line, it can have corrections as well. I feel that medium and long-term investors should continue to invest in the Indian equities.

Abhay Aima, Investment Advisor

The Indian story of fairly valued and over valued is going to continue because India is being identified as an asset class. Thus, we are likely to be given a higher PE.

India is like a stock in a fund managers' basket, which is a preferred stock right now, and it is not a short-term story.

Nimesh Kampani, Chairman, JM Morgan Stanley

Markets look quite bullish. Since the Sensex has crossed the technical barrier of 12,500, I think the markets would give a signal of bullishness and the Sensex can scale up to 14,000 levels by March 2007.

Rakesh Jhunjhunwala, Investor & Trader

I don't see any reason why this rally should not be sustainable. There is no reason why we should go below 12000. I am sure the bull run will stay for a long, long time.

However, there will be a change of leadership but then the markets will continue to perform.





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