20000 soon?

Market analysts have predicted the benchmark index Sensex will cross the 20,000-milestone in another record breaking 1000-point journey on the bourse, fuelled by liquidity in the market.

"For crossing the 20,000-mark, the journey of another 1000-points would not matter much as the market is going ahead on a furious pace and is unpredictable ...maybe it could take just 2-3 days," Asika Stock Brokers' Paras Bodhra said.

The benchmark index Sensex today scaled the 19,000-mark in a record of four trading sessions on frantic buying in a number of front-line stocks.

The 30-share index registered a whopping gain of 676 points to touch an intra-day high of 19,095.75 before closing at Rs 19,058.67, up 639.63 points today.

"With the markets going forward so fast...20,000 can happen in two days. But the pace is really worrisome and investors should be really cautious," Arun Kejriwal of Kejriwal Research and Information Services (KRIS) said.

Premium Investments' S P Tulsian believes the milestone represents the strong appetite for Indian stocks and it is a liquidity-led rally.

FIIs are going strong with their investments in the Indian markets and 20,000 could be achieved by the month-end, he said.

Analysts have advised retail investors to remain cautious and invest carefully to gain from the soaring markets.