Sensex gains 473 points

On Friday with a 473 points rise in Sensex markets reached yet another new pinnacle, crossing market capitalization to $ 1.5 trillion. In last 5 months the market capitalization has increased from $500 billion to $ 1.5 billion. Last week Sensex notched up 1634 points about 9% gain and investors grew richer by 6.1 lakh crores.India is expected is grow at 8 to 9% per annum, and top corporates is expected to grow 20 % per annum. There is a growing belief that if China could double its economy size by 6 to 7 years, India can also follow suit. So while Chinese stocks are getting a PE of around 35 Indian stocks can very easily command a PE of 20