Expects SENSEX 30000 Before Budget : Just 'BUY RIGHT' and 'SIT TIGHT

Indian markets settled on a buoyant note with Sensex reclaiming 25,000 mark on Thursday (June 5, 2014) Metal, oil and gas and power stocks witnessed a gain whereas banking stocks registered a fall.

At the close, the benchmark 30 share index, BSE Sensex gained 213.68 points or /  0.86% at 25,019.51 with 22 components registering rise.

 

Motilal Oswal, CMD, Motilal Oswal Financial Services

 Photo: The Hindu

Mr. Motilal Oswal, CMD, Motilal Oswal Financial Services, said, ''I believe that the new strong and decisive government would kick start the economy & also push the reforms process very aggressively. Already lots of things are visible on the ground. I expect the markets to touch newer heights. We may see Sensex levels at 30 K (30000) before budget (2014 July First Week).  In my view the next few years would be very bullish for equity investors. Just 'BUY RIGHT' and 'SIT TIGHT'. Invest in  quality companies managed by great managements  and available at reasonable price,"

Foreign institutional investors’ optimism regarding the Indian market continues. They have already pumped in over $ 800 crore (About Rs. 50,000 crore) so far this year into Indian equities.

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