Finance Minister P Chidambaram today said he expected the market to rise further with increasing investor and business confidence and assured that he was keeping a close watch on the market movements. |
"I expect the Sensex to rise with the rise in investor and business confidence. However, Sebi and I are watching the movements very carefully to see if there is any manipulation," he said, replying to a question in the Lok Sabha. |
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"I do not worry and you should also not worry as long as the index movement is orderly. Sebi has assured me that the movement is absolutely an orderly one," he said. |
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Advising small investors to be cautious while investing in the stock market, Chidambaram said, "Unless you have knowledge about a particular scrip you should be cautious. Or try to invest through mutual funds." |
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