The Sensex crossed the psychological 18,000 mark in early trade yesterday giving a fillip to market sentiment, however, market veteran and Member of the Bombay Stock Exchange Ramesh Damani feared this bullishness might not be good for the market. He, in fact, would be surprised if the markets made a new high at all in 2010. “The Sensex will trade between the 15,000-21,000 range,” he said, adding that the low volatility period is seen continuing for the next six months.
Speaking specifically on stocks and sectors, Damani said there was disparity between real estate prices and stock prices. However, he saw value in those stocks. He is also bullish on generic pharma companies and would buy Indian or global airline stocks at dips.
Speaking specifically on stocks and sectors, Damani said there was disparity between real estate prices and stock prices. However, he saw value in those stocks. He is also bullish on generic pharma companies and would buy Indian or global airline stocks at dips.
