Will Sensex touch 13000 Mark in 2006 ?

Indian economy being strong, do you think that 13000 Level is possible for BSE - sensex.

If Yes, than Where do you see Ranbaxy, Reliance Natural & Reliance Communication.

Waiting for your replies.

Vijay

Well it is certainly a tough call........13000 mark would not be that easy to touch......

Reliance Communication shares wil certainly rise.....300/- is still a good buy.......it can easily go upto 450/- in next 6 months....

no chance. only this will happen after march 2007. the shares mentioned by you all good buy now. you may reap minimum 40% gain in march 2007. good luck.

Dear vijay,
sensex may cross old high. But we can not say the exact month and points. It all depends upon the operators position.I do not believe the economy or fundamentals or market capitalisation. But you may expect a correction after creating a new high. The correction should be very deep fall(below 7500).
with regards,
sunlights_11@yahoo.co.in

..definitely, it could be 13500.
I track Ranbaxy and it should go beyond 475-520 level.

I don't know enough about the Sensex, but from what I see, the Sensex has the earmarks of being in a speculative bubble. From late 2001 till Early 2006, a period of 4.5 years, the Sensex grew some 10,000 points. Compare that to the Dow Industrials that grew 11,000 points in 18 years and the Dow is definitely in a speculative bubble. Because I don't pay attention to the BSE, I can't tell you, but you are there, so pay attention and see if it indeed is in a bubble.

Here in the U.S. people were buying stock and driving up prices "just because" with no valid reason to support the kind of prices those shares were commanding. New companies that had not track record, or had not revenues; their share price would double on the first day of their stock trading. I remember instances where new dot.com companies that had no revenue, not even a real product, yet people were buying their stock just because it was a dot.com. All common sense went out the window. Same thing happened in the U.S. real estate market. People paying $50, $60 and $70,000 above list price, buying the house sight unseen. The real estate market is in a speculative bubble. Again, all common sense went right out the window.

Is the Sensex in a bubble? I don't know for sure, but such a quick price run up of 2600 to 12,000+ is 1 potential marker that it is. You need to do your research. Pay attention to the buying habits of general investors. Are the share prices a true reflection of what the stock is worth? Are P/E ratios inflated, are book values too high? Are people buying just because they can, or because everyone else is buying?

If you can, get the book "Extraordinary Popular Delusions and the Madness of Crowds" by Charles Mackay. He wrote the book in 1850 and wrote on the events that occurred in Holland in the late 1600's and in France and England in the early 1700's. Although the work is old, human nature never changes - that book is still as relevant today as it was 150+ years ago.

As you read the book, see if what happened back then is happening in the Sensex today. Although the asset may change and the players change, human nature remains the same and the masses do not learn the lessons of the past - regardless of whether it's the U.S., England, France or India.

Sensex can touch 13000 mark within 2006 possibly. RNRL is good for long term. RCOM if sustains the current level, then can touch 345/358 within 2006.

i don't think so vijay...
atleast this may not happen this year.

According to JM Morgan stanley report released yesterday, they expect the sensex to be 13K by nivember and 14K by march 2007.

I do track ranbaxy, and if they family fight does not get blown out of propotion, it will touch 500. As per reliance communication it will touch 320 in a month or 2, i dont track reliance energy.

not sure of crossing 13k, but am sure it ll cross 12.5k by December 2006

Well vijay u r thinking positive. But it is difficult I think it will cross 12500 for sure.

Well, it is a difficult call to make. However, sensex can touch 13000 mark in 2007.

SENSEX will reach 14000 before Diwali.
Today Ranbaxy had a good opening after it won the Law suit.

It has definitely got upward trends but not to the extent of other Pharma stocks.. I wud prob see Ranbaxy @ 500 levels @ 13500

no, it will be near 9450.,govt.is running on daily basis,it is going to fall overnight surely in 2006,lot of bloodshed,anarchy,corruption,terrorist activities,appeasement of minorities,tabling of reservation bill quota ,suppresion of majority community,price rise,ignoring merittotally. god will not foegive this cong. upa govt. to fall ,pray for its fall ,ihear it has fallen

ya there is no doubt!
due to the foriegn investments in our market,
sensex will reach upto 14000

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