Industry chambers on Monday welcomed the Sensex's run to 13,000 mark terming it as an indicator of robust economic growth and not just speculation-driven rally, while simultaneously advising the investors to take informed decisions and not get carried away.
"The benchmark Sensex reaching all time high of 13,000 points is an indicator of the growth trajectory of the Indian economy and the new high is not based on mere speculation," Assocham said.
"The half-yearly corporate results coupled with big time investments plans by the industry has motivated global investors and mutual funds to invest actively in the Indian markets," Anil Agarwal, president of Assocham, said in a statement.
Though the growth trend in the market is expected to continue, the investors should not get carried away and instead take informed decisions, he added.
Saroj K Poddar, president of FICCI said, "This reflects the overall strength of the economy and we are happy about it. It is recognizing the performance of the corporate sector".
It also reflects the assessment of the scripts of Indian companies and shows that Indian corporates are on a very strong wicket, she said.
