Kolkata-Pune-Mumbai
27349 Points
Joined October 2007
Big bull Rakesh Jhunjhunwala feels the Indian stock markets, currently on an upward rally, may 'burst' in a month or two.
"If your see the formation of the indexes, all the stocks are going up, indexes are going up. (There are) minor corrections at every point. You cannot have this kind of a rise...(a) peak without burst. I think the burst will come within one or two months," Rare Enterprises partner Rakesh Jhunjhunwala said at the Private Equity International India Forum 2009 in Mumbai, on Thursday.
Indian capital markets have been heading northward led by robust liquidity positions and on the belief that economic recovery has begun.
Is it "candles burning brightly before final melting away"