
Saturday, September 5, 1998
Sustained growth can put the market back on track
There is a silver lining in the current global turmoil for India. Global investors fleeing from other Asian tiger countries would now find merit in India as the destination for their portfolio and foreign direct investments (FDIs). And the changed economic situation all over the globe would end up diminishing the importance of the rather harsh rating assigned to the country by global rating agencies.
Bullish undertone may see Sensex up to 3,350 points
On Friday, the 30-share BSE Sensitive Index closed at 2,975.10 points. The market has been able to weather the relentless selling by foreign institutional investors (FIIs) as most of the sales have been absorbed by the domestic institutions and local investors.
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