Experts say Indian stock market rally to continue

D. Prasad and Jatinder Sharma, two experts on the Indian stock market, said that the Indian market has come out of the "disbelief" phase and is now in the "belief" phase,a phase that still has a long way to go before the "greed" phase takes over. They said that till now the market has only seen the rally in the large caps, but in the near future it will also widen and spread to the mid caps.

Both Prasad and Sharma were in Dubai to speak at a seminar that was organised by Pratibhuti Viniyog Ltd, a prominent stock broking company. Officials of the company said that Pratibhuti, which has its office in Dubai, has a client base of 500 NRIs and they are doing a volume of Rs20-30 million every day. Prasad said that the GDP is growing over eight per cent a year, while the interest rates have a downward bias.