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BSE Sensex-30 index closes at all-time highs

With the SEBI P-Note proposal, meeting & board meeting out of the way, the Indian bull market is back - the BSE Sensex-30 index hit all-time intraday highs as well as closed at all-time highs (19275 and 19253 respectively).

BSE SENSEX (^BSESN) at all-time high on Oct 26, 2007

We are mid-way through the Q2 FY08 earnings season and no major negative surprises yet. Amidst all the talk of P/E re-rating and favorable valuations - as compared to the Shanghai market :-) - it looks like 20k (maybe even 21k) on the Sensex is a done deal.

Low inflation, stable to declining interest rates, strong economic & earnings growth, good capital flows, mostly stable rupee, . . . all is well!

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    One Response to “BSE Sensex-30 index closes at all-time highs”

    1. snoopy Says:
      October 26th, 2007 at 8:13 pm

      …. in other words, time to sell. :-)