New Delhi: Finance minister, P Chidambaram, on Wednesday
said that he does not see any bubble-like situation in
the stock markets even as he maintained that the government
was keeping a close watch on the sensex.
sensex had touched an all time intra-day high of 6,480.20
points on Wednesday before closing at 6,413.66 points.
am of the opinion that no bubble is building up in stock
markets, but we are watching the sensex very carefully,"
Chidambaram said winding up the debate on Supplementary
Demands for Grants in the Rajya Sabha.
said that the surge in sensex is driven by increased flow
of investments from foreign institutional investors (FIIs).
"If FIIs think India is quite outstanding, then it
is not bad", he added.