Big Bull Sees Sensex Crossing 7000 In 2 Years

Securities scam-tainted stock broker Harshad Mehta has predicted that the sensitive index of the Bombay Stock Exchange will cross 7,000 points by December 31, 1998. Markets are likely to be very buoyant as they are coming out of a three-year slumber. I predict that by December 31, 1998, (if not earlier) the index will cross the 7,000 mark, Mehta said, while taking part in a chat show on the Internet.

Mehta was bullish on finance minister P Chidambaram as well as the 1997-98 budget. He predicted that India would attract foreign investment worth $5 billion in the first year. He also announced his plans to launch a web site. Watch my web site for my future plans, he told the chat show participants.