29 May '11, 6am

Stock market outlook robust despite current downtrend: Experts: Mumbai, May 29 (PTI) The downtrend in the Indian...

Stock market outlook robust despite current downtrend: Experts: Mumbai, May 29 (PTI) The downtrend in the Indian...

Mumbai, May 29 (PTI) The downtrend in the Indian stock market, caused by factors like steaming crude prices, high inflation and weak global cues, is not likely to rub off on its future prospects that continue to be robust in long-term, say experts. The Bombay Stock Exchange index, Sensex, has dived 11 per cent from the peak of 20,509.09 points in January this year and 13.86 per cent from its all-time high of 21,206.77, scaled on January 10, 2008. "The Indian stock market is neither expensive nor cheap. The structural story remains intact, it''s only that the recent macro headwinds pose a challenge and hence the conviction have wanned for those who cannot look beyond a year or so," Ashika Stock Broking Research Head - Equities Paras Bothra said. Echoing similar views, Abhinav Dwivedi, Founder and President of Progressive Financial Ventures said, "India commands a huge growt...

Full article: http://sg.news.yahoo.com/stock-market-outlook-robust-desp...

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