Rakesh Jhunjhunwala: Latest Potshot on Bear Market

1. Rakesh Jhunjhunwala feels that bull trend will return to Indian stock market as exposure of equity in Indian households is a very low percentage of the savings and the same is increasing at a slow pace. However with the same breath he adds that people belief and faith in Indian stock market gets shaken with such drastic falls and thus states that still market is in an infancy stage and we have to get out of the tendency of being dependent on FIIs.

2. Rakesh Jhunjhunwala says that long term Indian stock market trend is intact as a lot of domestic money is yet to come and this will help us not being dependent on FIIs. He further quotes that as a rising tide raises all boats, ultimately in a rising market everybody will buy and participate and simmilarily a falling tide weans away all boats and all sell and thus all those who have felt having missed out can buy now with long term investment perspective and thus all those who felt having 'missed out' in earlier rallies will be compensated.