Indian Stock Market

The Indian stock markets have hit another new all time high. The 16000 peak has finally been successfully scaled. Investing in the stock market won’t be easy from here on. Rakesh Jhunjhunwala came on TV today and gave his piece of advise to investors. He said Indian stock market has exellent potential but investors should not expect to get the kind of returns that they have got in the last 3 years. The Indian stock market has quadripiled with SENSEX going from 4000 to 16000 in the last 3 years. However, Rakesh Jhunjhunwala says a similar return cannot be expectued from here on adding that he doesn’t see the sensex near 64000, atleast not during his lifetime. From here on there would be stock specific rallies and hence investors investing in the stock markets need to pay more attention to the kind of stocks that they pick. The quality of portfolio will matter a lot. I feel retail, capital goods and construction sectors are looking good at the moment