Anil Singhvi, Managing Editor, Zee Business, said everything is working in this market and any investment made by using the brain can help you earn money in the market. During a candid radio chat with RJ Salil Acharya, Radio City, 91.1 FM, Mumbai, Mr Singhvi said, Mr Singhvi, said people looking at investing can look forward to GAIL and MGL. 

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Starting the radio chat, RJ Salil said, as you said Yes Bank has been bullish and went up almost 50% from the level at which you suggested it, which is great. How do you feel when your picks perform well? Mr Singhvi replied to it by saying it looks absolutely good especially because people but low priced stocks as they can afford them. However, if you advise a bank priced at Rs 5,000 then they will say let it go but if talk about stocks priced at Rs 15 then they say let us buy and test the luck. So, there is an upside of almost 50% in a month. To be true everything is working in this market. The market is so bullish that you can make money in the market if you work here by using your mind.

To which RJ Salil said, but some people say that Indian stock market is undervalued, for instance, a statistics has said that the entire valuation of Apple’s stock is more than the entire stock market of India, i.e. $2 trillion. Long ago someone said the Sensex can reach 100 thousand. So, is this an actual reality in the next 5-10 years? Mr Singhvi in his reply said 100 thousand, i.e. one lakh (smiled), and said forget him whosoever has said 100 thousand as the market has reached to 45,000-mark and what is left, doubling in the next five years is not a big deal. We will go further than this and I think that Nifty will also be at 1 lakh in our lifetime, or maybe in the next generation. It will happen and it is not a big thing. It is a structural bull market, a long bull market that will last for many years. It does not mean that it is going to be done in 2–5 years. It will take time, but yes there is no doubt that our market and the markets around the world are at a tremendous pace. Good corrections will come in between and then the market will go up again.

Continuing the chat further, RJ Salil said farmers’ agitation is the talk of the town. The protest against the GST has had some impact on the market. So, do you think that this agitation can have any impact on the stock markets or the market has nothing to do with it? To which Mr Singhvi said, honestly speaking, it will not have any impact on the market. It is sure that if it lasts for a long time and inflation increases for food and drinking items then it will be a concern but everyone knows that it is temporary. The market has digested the second and third wave of CORONA than it is just a small thing for the market.

Simply, it is an illusion of money, a lot of green coloured dollars are reaching to the market. It is raining and when it rains like this then everyone enjoys the rain and the same is happening. See yourself, when it rains heavily than how far you can see, hardly little, so this is the situation. The dollar is raining and the market cannot see anything ahead of it, they are enjoying and partying.

In the next question, RJ Salil said, the crude oil prices are likely to increase, so do you think it is a right time to take stocks that are impacted by it. To which Mr Singhvi said off course, and if you see, the gas stocks and oil-linked stocks are coming back in action, like ONGC among others is available at good valuations.

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If you are a long-term investor then I would like to suggest two stocks, GAIL and MGL (Mahanagar Gas Limited), the company supplies gas in Mumbai. These are the two companies where you can invest your money as it can be a great investment for you for some time.