Markets High of Black Money or Economic conditions improved
Indian Stock markets are flying high. Touched a mark of 21000.
So the concern is whether Economic conditions of country improved or its the black money that is taking market high?
We cant deny the facts that:
- It may be plan of government to take stock markets high because election are nearing and government may want to show a rosy picture to public.
- People are agraid that Narendra Modi will be the next Prime Minister and he will investigate the black money in swiss or othe tax heaven Banks.
- Before Modi investigate anything, people are taking money out and investing in markets.
Or it is assumed by public that Marendra Modi will be the next PM and economic conditions will improve so are investigating. Recognised firm CLSA's Chris said that the recent stock market surge was because of the perception that the BJP will win the next elections.
Public is believing and sure that Modi will be the next Prime Minister of India.
As per the noteable Investor and most recognised stock Market Investor of India Rakesh Jhunjhanwala "I feel we are going to have a party until December. The market is sensing more and more that Modi is going to be the new Prime Minister. I think it's one of the primary reasons why the market is going up"
Begining from January 2012, FIIs have invested nearly Rs 2,20,000 crore in Indian stocks.
If we look at FII inflow, we cant rule out the possiblities of Black money coming back. But it can be investment by genuine investors.
As per article on economic times Sensex is at 16,000 with stocks having lowest FII weightage.