Finally some high for the Indian stock market

Sachin Karpe is upbeat that the Indian stock market has once again achieved the $1 trillion mark, all thank to the rise of rupee against dollar. All this is a collective effort of some positive announcements from RBI and positive sentiments. Bombay Stock Exchange saw a lot of profit booking on the stocks that witnessed a raise in its price and, some interesting buys of new stocks in the mid-cap infrastructure category.

Sachin Karpe’s outlook for the days is that buoyant trend is here to stay till Friday. Banks and metal stocks have gained too, riding on the RBI moves.

Sachin Karpe also suggests that volatility will prevail for some more days and investors must save money to buy stocks at better levels. At the level or Rs 62 per dollar, rupee looks healthy.