The Historical levels

The Indian markets touched multi-year best gains registered after 1992 in May with meteoric rise above 28% and the world is no different in registering yearly highs in-2009. The global indices suggest that the markets are in emerging bull market with firm Bull grip.

THE YEARLY - HIGH-LOW- CURRENT CLOSING.

NIFTY 4908.80 2252.75 4448.95
SENSEX 16632.70 7697.39 14625.25
S&P-500 1404.46 666.79 919.14
US-DOW 12760.20 6440.08 8500.33
NASDAQ 2549.94 1265.52 1774.33
HANG SENG 24923.30 10676.30 18171.00
NIKKEI-225 14601.30 6994.90 9522.50
FTSE-100 6111.60 3460.70 4417.94
DAX 7124.61 3588.89 4940.82
MIBTEL 25571.00 10347.00 15743.00
CAC-40 5028.80 2465.46 3277.65
BOVESPA 73920.00 29435.00 53197.73
STRAITS TIMES 3214.64 1455.47 2329.08

The Indian markets surged above 97% from the low registered and nearly 10% lower to its yearly highs. The strength of India and the stable government at the centre boosted the investors confidence but the retail participation is well below the expectations as the wounds were yet to heal.
The mutual funds and the cash driven FIIs are jubilant to grab the opportunity to invest in India. The liquidity chase can trigger the rally but hardly seen sustaining at the highs unless the whole hearted participation from the retail investors.
Now a different situation emerged as the election results were beyond antibody's expectation killed the the traders and the retail investors are staring the surge. So the initial euphoria is well captured by the deep pockets rather than the locals, now waiting for the calmdown of the tubulance is not a bad idea rather than jumping to conclusions.