No worry over Sensex crossing 8,000: FM

Finance minister P Chidambaram announced that there was no cause for "worry or concern" after the Sensex crossed the 8,000 mark today, and asked investors to take informed decisions.

"The Sensex rise is not a cause for worry or concern. Stock market movement is orderly," Chidambaram said asserting that the government and Sebi were carefully looking at price to earnings (P/E) ratio of Nifty and Sensex.

"I expected Q2 results of business houses and banks to be as good as Q1 results," he added.