11,000 at last!

Investors see more cheer ahead

As the Sensex regained the 11,000 level for the first time since October 2008, investors in Bangalore shed their pessimism and said it could look up further.

"The market is likely to remain on a strong growth path this week, and Infosys' quarterly results may hold the key to how things go," businessman Ballabh Jain said.

With Dalal Street showing signs of recovery, it is not just blue chip stocks but also mid-cap and small-cap companies that look promising, said Prasanna, who works for a well-known innvestment company.

Praveen Oswal, stock consultant, said companies with relatively smaller valuations were presenting attractive investment opportunities.

"The markets might touch 13,000 next month," said Kiran Giriya, investment advisor. Shyam, stock broker, said the markets would see further consolidation this week. Many analysts believe domestic institutional investors will book profits.

Metals, banking and realty led yesterday's rally.

Sensex yesterday
High: 11,069
Open: 10,916
Low: 10,800
Close: 10,967
Gain: 1.51 %