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Will the Sensex cross 7000?

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Manas Chakravarty Mumbai
 Moderator (speaking to FII strategist): Since FIIs are driving this market, where do you see the Sensex a month from now?

 Strategist: I hereby certify that no part of my compensation is, was, or will be, directly or indirectly, related to the views expressed here. We like the India story.

 In terms of our in-house valuation tool, taking the Dividend Discount Model adjusted for the implied Equity Risk Premium, and considering the real cost of equity, we find a net upside. Our free cash flow momentum tool indicates the positive RoE implications of a capex turnaround.

 Of course, there
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

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First Published: Oct 28 2003 | 12:00 AM IST

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