MUMBAI, July 23: India’s finance minister on Friday warned investors not to get overexcited about the country’s booming stock market, as the main Bombay share index hit the latest in a succession of record highs.
Finance Minister Palaniappan Chidambaram sounded a strong note of caution, telling a tax seminar in the financial capital Bombay that while the stock market indices were reflecting “the true value of the economy”, investors must not get carried away.
The 50-share NSE Index also closed 1.6 pc up at a new record on Friday.—Reuters
