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This is an archive article published on May 12, 2004

Is the Bull Party over?

Experts predict what the future holds for the market:ASHIM SYAL, CHIEF INVESTMENT OFFICER, ING VYSYA MUTUAL FUND: Predicting Sensex levels a...

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Experts predict what the future holds for the market:

ASHIM SYAL, CHIEF INVESTMENT OFFICER, ING VYSYA MUTUAL FUND:
Predicting Sensex levels at this time is like forecasting the crop even before the monsoon. There is to much conjecture at the moment. One can’t make any predictions right now.

VED PRAKASH CHATURVEDI, CEO, TATA ASSET MANAGEMENT:
The market is reacting to the news flow in the three major areas: Politics, monsoon and the international markets. All the three are uncertain areas to even predict. But the news from the domestic sector is good, so given this situation, I think, the market should stabilise in next three months.

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SANJAY PRAKASH, CEO, HSBC MF:
The market at this moment is very sentiment driven. The long-term trend still is good, there may be some slowdown here and there, but an investor should wait till the final outcome. This is not the time to panic. Even if the ruling government does not come to power, the reform process will not get derailed. I suggest that the investors should wait till the final results and not take decisions based on exit polls.

KRISHNAMURTHY VIJAYAN, CEO, JM MUTUAL FUND:
This is a typical reaction by speculators. Presonally, I think whichever government comes to power it will not affect vast sectors of the economy. A new government may tinker a bit, and important projects like the Golden Quadrilateral and networking of the rivers may take a backseat.

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