Edit this postRakesh Jhunjhunwala is bullish for the Indian stock market as he feels that present UPA govt is going to perform its task to the best of its ability as it is not at the mercy of any coalition partner and same Amar Singh has given support who was not allowed to attend their tea party a few years back.
He is of the opinion that Sensex will march ahead atleast to the level of 16500 by year end as UPA govt may open the insurance and pensions sectors to foreigners and may investment by these sectors in Indian economy is growing to bring the cah ringing and markets will rise effectively. Thus as per his advice one can go anenter in the stock markets as stocks are still available cheap.
