Bull run no cause for worry: FM

Advising investors to take informed investment decisions, Finance Minister P Chidambaram today said the Sensex crossing the 8000-point mark was not a cause for concern.

"The rise of the Sensex is not a cause for concern. The stock market movement is orderly," he told reporters on the sidelines of a seminar here.

He added that the government and the Securities and Exchange Board of India were carefully watching the price-to-earnings (P/E) ratios of the Sensex and the Nifty. The present P/E ratios, which were between 14.5 and 15.5, looked comfortable, Chidambaram said.

In July, the finance minister had said he would be concerned if the Sensex crossed the 8,000-point level.

Maintaining that the market was not overheated, he had said the level of the indices reflected the potential of the economy.