Markets in India
Have you been witnessing the phenomenal run in india compared against any emerging market country since 3rd quarter the run in india is unstoppable
the main reason is not retail investor participation, infact retail investor has a next to nothing participation.
a telling sign is ALL indian banks are CASH RICH RICH and trading at record high levels with very high reserves and ton of cash common people are having money in bank
FIIs are FLOWING money like crazy into india,
the big question is WILL the retail investor come out and start moving money from Banks into equities after this run or are they going to be cautios form the 2008 burn and stay out
if they participate we are going to see a run all the way up to 25,000 BSE by mid 2011.
Your thoughts ?