With the 30-share Sensex hitting all-time high of 35,000, raising concerns of over-exuberance in the markets, ace investor Porinju Veliyath says that 35,000 could be the base for the index in the coming years. In an interview to CNBC Tv18, Porinju Veliyath said that 35,000 on the Sensex could be the base for the index going forward in the next 5 years. The Sensex zoomed by more than 300 points on Thursday morning to 35,424. Interestingly, the ace investor also took to Twitter and advised investors that the bull run is here to stay. Porinju Veliyath tweeted earlier this week, \u201cIndia never had a 'bear market' since June 6, 1962; unlikely to have one till 2062 - I plan to retire at 100, if alive.\u201d \u00a0 Further, the ace stock picker advised investors to buy stocks as opposed to buying the market. \u201cIf you feel the market is at 'high valuation' don't buy the market, buy stocks. Buy companies with comfortable valuation. India still has large number of small market-cap companies with significant business; keep an eye on changing profile of 'chor companies', you are not late,\u201d he tweeted on 15th January. Sharing his outlook on the markets enter in new year 2018, ace investor Porinju Veliyath says that investors will be disappointed if they invest into the benchmark indices Sensex and Nifty. \u201c2018 as a calendar year I feel is going to be more challenging for the Sensex and Nifty perhaps but at the same time a lot of people will be again disappointed. The same people who were cautioning last one year, will be again disappointed next year when they numbers come up,\u201d the expert told ET Now. Last week, Shares of Som Distilleries & Breweries surged by more than 35% in just two trading sessions after Porinju Veliyath picked up 1.5 lakh shares of the company. Porinju Veliyath-led Equity Intelligence India bought 1.5 lakh shares of the company on BSE at Rs 197 a share in a bulk deal. Instances of share prices rising after the ace investor increased stake have not been uncommon. In November-17, shares of Ashapura Minechem rallied more than 9% intra-day after ace investor Porinju Veliyath\u2019s Equity Intelligence India increased its stake to 5.35% in the company. The firm has purchased 7.42 lakh shares (representing 0.85% of total paid-up equity) of the company via open market transaction on November 16.