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Rakesh Jhunjhunwala is often considered as best Indian stock market investor and is also termed sometimes as Warren Buffett of Indian stock markets. Rakesh Jhunjhunwala is a long term investor, however he acknowledges that it was 'trading' income which helped him built his initial capital base and continues to remain an active trader as he believes it keeps one alert and always on your feet. Present Indian stock market is in bearish mode, so here is extract of interview of Rakesh Jhunjhunwala on present market scenario and where the Indian stock markets are heading.
Key Points to note down from Rakesh Jhunjhunwalas recent interview to CNBC:
1. Since last year August lows have been broken and thus Indian stock market is now a bear market.
2. As per Rakesh Jhunjhunwala market has entered in interruption mode; however long term bullish trend for Indian stock market remains intact.
3. Rakesh Jhunjhunwala further states that one should be careful while dealing even with big names in the industry like Goldman Sachs or BoE (Bank of England) as they also change their policies at a drop of hat and it tentamounts to going back on words and thus these large financial institutions can also fail like Lehman Brothers.
4. Rakesh Jhunjhunwala further states that he had already predicted fall of US market and one can say that American bull market has come to an end and there might be a long term correction for the time being as subprime crisis can not be solely reined by reducing interest rates.
Key Points to note down from Rakesh Jhunjhunwalas recent interview to CNBC:
1. Since last year August lows have been broken and thus Indian stock market is now a bear market.
2. As per Rakesh Jhunjhunwala market has entered in interruption mode; however long term bullish trend for Indian stock market remains intact.
3. Rakesh Jhunjhunwala further states that one should be careful while dealing even with big names in the industry like Goldman Sachs or BoE (Bank of England) as they also change their policies at a drop of hat and it tentamounts to going back on words and thus these large financial institutions can also fail like Lehman Brothers.
4. Rakesh Jhunjhunwala further states that he had already predicted fall of US market and one can say that American bull market has come to an end and there might be a long term correction for the time being as subprime crisis can not be solely reined by reducing interest rates.
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