Sensex may cross 30,000 mark by Dec.31: Experts

Market expert Akash Jindal on Monday articulated that by December 31 the Sensex may cross a new level of 30,000, after it touched an all time high of 28,027.96 in today's early trading.

"Both Sensex and Nifty are at very high levels. My expectation is that by 31st December Sensex may cross 30,000 level," Jindal said.

"Now the reason behind this bullishness is that India is being looked towards with lots of positivity by International or business organizations," he added.

He also said that India is being looked at as more attractive for international investors than Brazil, Russia and China or other emerging market.

Furthermore, he suggested the non-investors to get going as it is the right time to hit the market and we also said that we are now in a full bull face.

"There would be short-term corrections also, but overall we have entered a long bull face," he added.

Bombay Stock Exchange (BSE) Sensex on Monday jumped 159.33 points to achieve an all time high of 28,027.96.

The National Stock Exchange (NSE) Nifty also touched new peak of 8,383.05 in opening trade.

Earlier on November 5, the benchmark BSE Sensex breached 28,000-mark for the first time and the NSE Nifty had hit a new peak of 8,363.65.