15K and My Pride

I could not help myself from smiling all day long the day after we became nuclear under BJP. I walked in pride on the streets as a proud Indian. If I had met a foreigner that day I would have certainly told him/her how proud I am to be an Indian.

Years have gone by after the test however, I feel that single incident made the world think of India as a lethal power in the coming century. Yes, we collected foes because of that incident. But today, except for the usual one, we have generated more friends than foes. I believe, that very incident changed the way we thought, we believed and we walked towards a resilient India.

Yesterday was the first time Sensex experienced closing of trade at above 15K. Opinions vary on whether it is on the end of bull run Sensex is experiencing. While many of the up-mobile investors believe that the Sensex will breach 16K mark soon, many think the opposite. Those who fear the fall are certainly sure to an extent. They have their own reasoning behind that. However, those who feels that the bull run will continue for few more days too have their own reasoning.

Whatever be the believe and reasoning of these think-tanks, I believe with the coming days Sensex is going to zoom past yet another record mark.

Everybody talks about telecommunication revolution in India. Every few weeks we see an unprecedented rise in the number of mobile phone users. I would like to see the data on the number of investors we have in the Sensex. I believe it might also have made a quantum jump from a few years back. If market capitalization is the standard to define the market, I believe we will be capitalize more in next 5-10 years. The reasoning, we have a huge number of young investors. They will be starting to invest more in the system the day they are assured of certain necessities in life viz. mobile, car, bikes, TV, refrigerator, PC etc. Don’t think that they don’t wish to invest. I believe young India wishes to invest but it is a testing phase; these young guns will test the water before jumping in the pool.

Breaching 15K mark by Sensex is no mean task but I believe we will breach 25K mark sometime in next 3-5 years. Until then, INDIA keep on flying to make me proud.

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