The Hindu Business Line : ‘It’s just numerical’

“It’s just a numerical thing… 15,000 is a mere number. What difference does it make? I believe there are going to be many more milestones to cross”.

Ace investor, Mr Rakesh Jhunjhunwala, Mumbai.

“It is quite exciting and will definitely reassure everybody about the strength of the Indian economy and the earnings growth potential of our corporate sector.

T.P. Raman, MD and CEO, Sundaram BNP Paribas Mutual Fund.

“It makes you feel proud that the Indian equity market has crossed a psychologically important mark. But at the same time it adds a tinge of caution in your mind. It may be time to exercise restraint and not go overboard.

Mr Sandeep Shenoy, Strategist, PINC Research, Mumbai.

“It is of course exciting. But instead of being scared of the Index, investors should do selective stock picking as there is tremendous potential left in smaller, well managed companies that are still available at rates prevalent when the Sensex was 10,000.”

Porinju Veliyath, MD, Equity Intelligence Portfolio Management, Kochi.

“From this level the Sensex should fall by 1500 points or 10 per cent. This may happen after it moves up another 100-200 points. But the fall has to come for the Sensex to cross 16,000, otherwise it will remain around these levels. 221;

Mr Pankaj Gosar, CMD, Pearl Oyster Investment Consultancy, Mumbai.

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