Nifty made history today by breaking the 10,000 point barrier for the first time in its history and is a first for the Indian Stock Market to have its largest stock exchange by traded volume to achieve this feat. I am pleased that I too have participated in this run during its last mile, though I have also lost a lot (not by investing but by trading due to ignorance). I hope this new landmark can serve as a base for years to come.
The thing which we need to be cautious about it is whether the stock price growth is sustainable and whether the price of the share is aligning with the ground reality. In some cases the price seem to run away more than what the company is posting in its quarterly results anticipating a good future. I'm not of the view that we should be cautious but there is some point where future meets reality. One should be a bullish investor into this market as major reforms are happening in India. With the BJP in power in most of the states they are taking control of the economic policies. One thing which I didn't like is the farm loan waiver which has put a major burden on the state government's budget. The Election Commission should step forward and curb this viral disease which has been passing from state to state.
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