 Future of Indian stock markets
 The stock market is booming in spite of the low agriculture output. The Monsoon is good in an overall sense but still the question remains about who will take the credit for it. The answer is the karma of the people. I would like to appreciate the Indian politicians and the
industrialists who are pawns of destiny for doing many things positive and productive. India as a country is running a very good period and the very position of the planets in transit are giving wonderful result.
Only less than 1 per cent of the population own stocks and less than 1,000 individuals control the market, the majority being the FIIS, the promoters of the company. The credit should go to the media for making stock markets the headlines.
The question which many of the people in the market are asking is:
Will the bull run continue? What is the peak we can reach? Will there be a correction, if so when?
First of all, Indian bourses in the future will be one of the best investments in the world. There will be a time when it can even reach 3000 points in the Nifty. India will begin one of the best dasa of sun which will work in its favour. So before 2009 Indian bourses should go from high to high from time to time.
Now this bull run will continue.
There can be some correction in the BSE Sensex at the 7500 points level.
The market will hover between the 6000-7000 till mid-August.
There will be huge fluctuations.
Better for many investors and new entrants for the market to cool down a bit and let it come well below 7000.
In any case, if you are long-term players, then step in and buy now and forget for another 10 years. You will make a killing in the Indian markets.
Most of the tech companies and the main index will do well but slightly on the lower side of expectations.
K
B Gopalakrishnan
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