Sensex breaches 29,000-mark for the first time; Nifty climbs 25.15 pts to hit new high of 8,754.65.
This is borne on sentiments expecting India to overtake China on growth rate. In this bull frenzy , people tend to forget that China is at least a decade ahead of India and it is estimated by Economic Times that it could take 32 years even if China grows by 5 % and India by 8 % to catch up on PPP GDP.
(http://economictimes.indiatimes.com/news/economy/indicators/india-to-take-32-years-to-even-catch-up-with-china-let-alone-surpass-it/articleshow/45972710.cms)
Booking Profits seems advisable in this upward scramble. The higher the risk, the higher the reward.
Views expressed without any risk and responsibility.
This is borne on sentiments expecting India to overtake China on growth rate. In this bull frenzy , people tend to forget that China is at least a decade ahead of India and it is estimated by Economic Times that it could take 32 years even if China grows by 5 % and India by 8 % to catch up on PPP GDP.
(http://economictimes.indiatimes.com/news/economy/indicators/india-to-take-32-years-to-even-catch-up-with-china-let-alone-surpass-it/articleshow/45972710.cms)
Booking Profits seems advisable in this upward scramble. The higher the risk, the higher the reward.
Views expressed without any risk and responsibility.
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