Mumbai: Market regulator SEBI on Wednesday
cautioned investors against getting carried away by the recent
advances in the stock market following the global economic
recovery.
"The worst (of the global financial crisis) is behind,
but the market should not get carried away with the euphoria,"
SEBI Chairman C B Bhave said at a conference here.
SEBI's remarks assume importance as the benchmark equity
index, Sensex, has surged by over 75 per cent this fiscal to
16,998.78 points.
The US, Japan and the 16-nation Euro Zone have come out
of recession. But doubt persists over the strength and
sustainabality of the recovery.
In India, the financial meltdown saw a slowing down of
the economy. Exports have dipped for 13 straight months by
11.4 per cent to USD 12.5 billion in October and industrial
growth stood at around 9.1 per cent in September this year.
Bureau Report
First Published: Wednesday, November 18, 2009, 18:22