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Rakesh Jhunjhunwala:Future of Indian Share Market

Posted By On 9/29/2008 08:10:00 PM Under

1. Well in the outset I thank SandyK who has sent me this article for Rakesh Jhunjhunwala and same is listed in a gist form for easy viewing and assimilation as the same is related to the Rakesh Jhunjhunwala views on Indian Stock Markets.

2. Well this is on the mind of every individual that what is the final outcome or the future of Indian stock market fall and how global recession is going to affect us in India. CNBC-TV18’s Stocks Editor, Udayan Mukherjee caught Rakesh Jhunjhunwala in a special series called ‘Hunt for the Bottom’ and same are appended below to draw conclusions from the talk.

3. Rakesh Jhunjhunwala is of the view that Indian share market has been in a bull run since April 2003 and thus corrections are part and parcel for any market. Moreover he gave his piece of mind to the investors that corrections generally test investors’ patience and their sheer belief in the stock markets.

4. Rakesh Jhunjhunwala says that corrections have to be deep time-wise and only than an investor is tested on the time front as for past so many years corrections have not been deep time vise.

5. Rakesh Jhunjhunwala has a firm conclusion that the present correction is going to to be one of the deepest and the longest corrections in the present times of the bull market which has been running for past so many years.

6. Rakesh Jhunjhunwala advises investors not to lose heart in case the Sensex do not touch the levels of 21000 as one has to be happily resting with the kind of gain stock traders have made for past so many years. However he says that pull back rallies will be seen in the market.

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