When the stock markets go on a one-way northward trip, making money seems easy. With year-to-date returns of 27 per cent, retail investors, after six years, would be again getting that feeling.

On Tuesday, the BSE Sensitive Index, or S&P Sensex, closed above 27,000 points, another all-time high and the National Stock Exchange’s Nifty held on to 8,000 points for the second day in a row.  

There could be more good news. Brokerage houses such as Morgan Stanley are already predicting that the Sensex will be in the range of 28,800 and 33,900 points by next June. Says V K Sharma, head, private broking and wealth, HDFC Securities: “The market is waiting for judgments on coal blocks and power tariffs. If the judgments are in the favour of companies, there will be a re-rating of banks, commodity and power companies which are under some pressure.” This would help the market to rise further.