Rakesh Jhunjhunwala made this Claim: BSE Sensex will go up to 5 lakhs!

Rakesh Jhunjhunwala made this Claim, BSE Sensex will go up to 5 lakhs!
Rakesh Jhunjhunwala made this Claim, BSE Sensex will go up to 5 lakhs! (Twitter)

Stock market veteran Rakesh Jhunjhunwala said that the BSE Sensex will go up to five lakhs one day. He said that he is very bullish about India and now India’s time has come.

Rakesh Jhunjhunwala, who came to the India Today Conclave last week, said that we know the direction, I am very bullish about the Indian market. I can say that the Sensex will go up to five lakhs a day, but nothing can be said with certainty about how long it will go. But it is certain that it will happen.

He said that India’s time will not come, but it has come. People say that 4 crore demat accounts have been opened, then I say that 90 crore adults are in India and now 80 crore demat accounts have to be opened, then think what will happen next.

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Have to take the risk

He said that risk is a part of life. If you can’t take the risk, you can’t move forward. He said that if there is a non-professional investor, then SIP is the best way to invest in the market. Making money from the stock market is not easy. You should invest with your own money. Trading should not be done with father-in-law’s money or father’s money.

Alert about crypto

Alerting about crypto currency, he said that which sovereign country can give the right to issue currency to someone else? The biggest authority of a country is to issue currency. Suppose we go to a restaurant and eat food on the basis of some crypto currency and till then it comes to know that its rate has halved, then what will we do?

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He said that I belonged to a conservative Marwari family and when I started trading in the stock market, my mother used to say that I would not get a girl to marry me. Father used to say that I will spoil the name of the family. But I proved everyone wrong.

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