Sensex @ 16K: Experts say more gains to follow

 Though nobody is taking a call on where the index will be in the near-term, experts, across-the-board, continue to be bullish on Indian equities.

Nimesh Kampani, chairman, JM Financial

"The basic issue is that the way the markets have gone up. The flow of FII money will increase in India and that is the expectation of the market. With the interest rates being cut, the appreciation of rupee, and looking at the rise in Asian markets today, it can be assumed that there has been a flow of FII money into the Asian markets. Sectors such as infrastructure, cement, steel and power look good, as we expect growth in these sectors.

Rakesh Jhunjhunwala, billionaire investor and stock trader

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