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The fortnight’s burning question. Will the BSE Sensex drop to 10,000 this year?

     Print Edition: July 27, 2008

The fortnight’s burning question. Will the BSE Sensex drop to 10,000 this year?

Yes. Shankar Sharma, Co-founder, First Global Securities
It seems that the five-year-long bull run is finally over. Emerging markets such as India and China are showing signs of a drop in growth rates. Inflation and the tight liquidity situation are affecting fundamentals across the board. I expect the markets to fall further to about half the level of its January peak; in other words, to 10,000-levels.

Maybe. Harsh Pati Singhania, Senior Vice President, FICCI
Rising oil prices, the uncertainty surrounding the government and the tight monetary policy adopted by RBI are driving the stock market. So, the outlook does not appear too bright and unless there is some improvement in any of these, I cannot rule out the possibility of the Sensex dropping to 10,000.

No. Samir Arora, Fund Manager, Helios Capital
I don’t think the market will slide to 10,000-levels this year. Today, the only concern for market is the sharp rise in oil prices, but these can’t logically keep rising. The market is in a bear phase, so dire predictions are being made. Remember, during the bull phase in January, when Sensex touched 21,000, people said it would climb further to 25,000; but that didn’t happen.

Compiled by Manu Kaushik

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