Sensex may touch 19000 mark
When BSE (Bombay Stock Exchange) Sensex closed at 21206.77, its all time high on 10th January 2008; almost every one was saying that this market rally will continue and touch 25000 -28000. But in the same year on 20 th November 2008 the NSE Nifty closed at 2553 points while BSE Sensex closed at 8451 points, its lowest since 14 November 2005 .
This obviously created panic and every body was saying that the BSE Sensex will touch 6000 but then market started recovering after 12 March 2009 with Nifty touching 4700 and Sensex 16000 points on August 4, 2009.
With the improved market sentiments several com panies are raising funds through various routes such as IPOs (Initial Public Offering), QIPs (Qualified institutional placements) NCDs (non convertible dentures) etc.
But now stock markets are going down again on concerns of poor monsoon rains that have pushed India ’s domestic-demand-led economy to the brink of drought, putting pressure on food prices and energy supplies an