Today in New Delhi, India
Sep 20, 2018-Thursday
-°C
New Delhi
  • Humidity
    -
  • Wind
    -

How long will run last?

This is the million-dollar, nay, billion-dollar question. Most analysts believe that barring some cyclical correction, the India growth story is secular and, therefore, sustainable.

india Updated: Feb 07, 2006 01:07 IST
None

This is the million-dollar, nay, billion-dollar question. Most analysts believe that barring some cyclical correction, the India growth story is secular and, therefore, sustainable.

Analysts and traders expect the market to climb to 12,000 points by the end of 2006 as domestic mutual funds and foreign investors pour more money into Indian shares on expectations of sturdy profit growth.

"Based on fund flows, this is not a flash in the pan. The index will touch this mark again this week," says Falguni Nayar, executive director, Kotak Securities.

Devesh Kumar, head of equities, ICICI Securities Ltd, also thinks the market will march on further. "I expect the index to hit 12,000 by the end of this year," he says.

First Published: Feb 07, 2006 01:07 IST