Wednesday, November 3, 2010

Indian Bull Market - Lets thank Narasimha Rao

The Indian Markets are set to continue with the excellent run started in September by the flood of FII money coming in. The trend seems to continue in October as well as November.

The FIIs have net invested more than USD 20 Billion in our markets in CY 2010. This is the highest in the history since FIIs were allowed in India since 1991. The Sensex levels those days was around 1000 and today it is around 20,000. We all should thank the Narasimha Rao government for making this paradigm shift in 1991 by bringing in Liberalisation.