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Even if there is a 10-20% correction in the interim, one should not bother as the journey of markets is much bigger, says Agarwal
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It took a little over 31 years for the Sensex to traverse from 1,000 points to the historic 60,000 level.
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After hitting a lifetime high of 60,333 during the day, the 30-share BSE index closed 163.11 points or 0.27% higher at record 60,048.47
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The loan rate cuts have led to a rally in stocks with Godrej Properties, Oberoi, Puravankara and DLF rallying greater than 10% on September 23.
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"This week has been a super roller coaster from 17,300 to 17,700, and there is almost 600 points in just three days"
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The price band for the asset management company has been fixed at Rs 695-712 per share having a face value of Rs 5 per share.
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Indus Towers jumped 13.8% to Rs 317.55, extending its winning run to the fourth consecutive trading session.
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Investors should wait for an opportunity for a healthy correction and the price to go below the IPO price for making a fresh entry for long term.
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Sensex mounted the 60K-mark as risk appetite improved after fears surrounding Evergrande debt crisis eased.
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"Now is the time we take a rational look at the markets and be cautious now"