Moneycontrol
Dec 26, 2017 05:24 PM IST | Source: CNBC-TV18

Market at record highs: Invest wisely; no plans to increase trading hrs, says BSE MD

From the Budget, the expectation is that government continues with its reform process and continue its implementation, said Ashishkumar Chauhan, MD & CEO, BSE.

CNBC TV18 @moneycontrolcom

The market today was quite through the day but surged in the last hour of trade and made all-time highs of 34,000 on the Sensex and Nifty went above 10500.

Ashishkumar Chauhan, MD & CEO, BSE said 2017 has been the highest returns giving years. Talking about IPO pipeline, he said over the next ten years India would require USD 2-2.5 trillion from debt and equities and India has the potential to collect that kind of funds from its investors only from its savings.

This makes us believe that more and more retail investors are going to use retail funds, other methods to come into the markets – both equities and debt market.

However, his very important advice to investors is invest very wisely after proper study and don't go by tips and emails or whatsapp message while investing.

Talking about extension of trading hours, he said currently BSE has no plans to increase the timings.

From the Budget, he said the expectation is that government continues with its reform process and continue its implementation.

Meanhwile, market expert Anand Tandon is of the view that the last hour surge could have been because of basket buying fand is of the belief that this euphoria will last till the New Year in the hope that foreigners will then come in and take it off the local books.

In the same interview, SP Tulsian of sptulsian.com, Rajat Bose of rajatbose.come, Mitessh Thakkar of mitesshthakkar.com shared their views on specific stocks.

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