The Hindu Business Line : Market outlook

The market mood remains positive without signs of euphoria — seeking out a conquest and moving ever so slightly to complete the golden cross with the Dow — of 11 years ago.

— Franklin Templeton Investments

Earlier this decade, the investing fraternity was convinced that after the collapse of the tech bubble the world was condemned to an extended period of sub-par returns — the norm following a boom-bust cycle. It now seems as if they worried too much.

— Morgan Stanley

For the last many months, most of foreign brokerage houses and traditional FII investors from the West have been bearish on India due to its rich valuations vis-à-vis other emerging markets. And now the valuations have got richer!

— Kotak Mutual

The market is trading at about 16 times the price-earnings for FY06-07. The markets are fairly valued at this point. However, liquidity remains strong with positive offshore interest and fund raisings.

— HSBC Mutual

The government continues to focus on various social sector and infrastructure development programmes, which is a positive for the economy as a whole, as it would help in the benefits of economic growth percolating to all segments of the society. This, in turn, could help bridge the socio-economic divide and boost economic activity.

— Franklin Templeton Investments

The Sensex at present levels is trading around 18-times estimated one-year forward earnings. There is a need to have more modest return expectations in the future as market returns should track earnings growth. There is also a need to invest with a minimum view of two to three years and be tolerant to volatility.

— HDFC Mutual

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