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Will the Sensex breach its all time high of 21000 in 2010?

Created by : Manish Misra, Head - Subscription Services EconomicTimes.com  | 01 14 2010 14:44:03 +0000
Industry : Equity Research/AnalyticsFunctional Area : India(Markets)
Keywords : trend stock market sensex outlook
Activity:  1500 views;  last activity : 12 06 2010 08:35:36 +0000

Markets made a smart recovery during the later half of 2009, will this trend continue in 2010 too? Do you feel the Sensex can breach its all time high in 2010? Please provide your views on this...

 
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After a strong bull market run like this, it is pertinent that investors start fearing a sharp correction in stock prices, that's a normal way of thinking after such bull runs and especially now when concerns still surround the global economic recovery. We all fear corrections. And we all feel the ardent need to do something when a correction like event strikes, even if we expect it to be just a minor one. Like selling some stocks, fearing the markets might go down even further. after the sharp rise in stock prices we saw in 2009, a correction this year should be expected and not feared. Corrections are just a normal part of stock markets and do not alter the overall bull market trend. And given the way India's economy and companies are evolving; the markets will definitely be in for a good time (notwithstanding the normal hiccups) over the next 5 to 10 years.

One must never try to time a correction. It is nearly impossible. Anyone can give into fears, pessimism, and crowd mentality. But what distinguishes a successful investor is discipline and patience.

Investing systematically and in good quality stocks, without trying to time the market or fearing a correction, is the way to go.
Markets are good and will see crossing its high in 2010.
By R.K.MALHOTRA , Investment Advisor, Trainer and motivational speaker, WORKING FREELANCE  01 18 2010 07:14:16 +0000
 
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Its really hard to say whether sensex will touch 21000 or not, as US and Britain are are on the verge of bankruptcy after few quarters and China which is doing really good, its bubble would burst so its really difficult to lift the Indian market to 21000, May be in 2012 we will see the market touch 21000 and not this year.
By Jyoti Rath, Sr. Associate, Barclays  01 16 2010 09:42:50 +0000
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Yes, it will.
By SHRIKANT MANOHAR DANKE, Project Manager, Phadnis Infrastructur Ltd  | 12 06 2010 08:35:36 +0000
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It is noi impossible though. The sentiment is high though concerns are equally there.

Expectations : Export is piccking, Industrial growth is positive, FIIs are pumping money, Aoto sales is high,Govt spending is more, more stimulus packages in the offing, Tax collection is good, Agriculturists have been given Debt Waivers, salary-earners pay packets have increased and monsoon was not bad etc.

Reservations : Oil price rising, food-price is rising, Satyam scam has dis-reputed the IT in India, Big economies are fighting to come out of recession etc.
By ASOKE KUSARI, Domestic Private Banking-Executive/Manager, A large leading PSU Bank - India  | 01 18 2010 09:28:28 +0000
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Its not easy to say whether the sensex will hit 21k at this point in time. However, looking at the Indian Economy growing and also other emerging markets looking better feel, there are more possibility of Sexsex hitting all the time high and if this is to happen, should be somewhere after 2nd half of 2010. One thing is clear that if the RBI is planning to take the stimulus package back and finance minister and our PM quoting high growth rate for the coming year(s), all this only tells one thing that we are growing and other economies are also in support of our growth. .. So i feel there is strong support for our markets to grow quicker and higher. ... Thank you, Manish N

Cheers!!
By Manish N Chugh, Officer Trainee, Stock Holding Corporation of India ltd.,  | 01 17 2010 05:38:13 +0000
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Indian economy is bound to grow with speed for next three years.


By Tanaji Shinde, Manager Projects, Thermax Limited  | 01 16 2010 19:48:20 +0000
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Markets made a smart recovery during the later half of 2009, my personal opinion is that the trend will continue in 2010 too.

  1. Global economy is in a much better shape now than what it was in the beginning of 2009.
  2. Indian Economy has shown greater than expected resilience, and is amongst the best performing economy in the world. 
  3. Fresh allocation of FII funds for year 2010. Some of these fresh allocation might slowly start coming to Indian Markets.
  4. Last year, Finance Minister ignored the Business and Industries in the budget and focused on the Masses. In budget 2010, some expectations of the business and corporate community might get cleared. This will boost the markets. 

For more read my blog Personal Money. You might also like to subscribe to : 

 
By Manish Misra, Head - Subscription Services EconomicTimes.com  | 01 14 2010 14:47:34 +0000
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i agree with jyoti rath argument it cannot be guess ...
By mehul , internal auditor, audit firm  | 01 17 2010 11:16:26 +0000
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We should soon see the correction of around 25 to 30% from the current level of 17500
By Veejay Bhatia, Administration Manager / Recruitment Coordinator, French Firm dealing in Oil & Gas, Dubai (UAE)  | 01 16 2010 20:00:03 +0000
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i agree with jyothi
By satheesh , M.B.A student, VYSYA College,Salem  | 01 16 2010 13:08:07 +0000
Argue for "Yes, it will"
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