Sensex 25,000?

Rakesh Jhunjhunwala,the irrepressible bull in Mumbai,keeps saying that the Sensex will touch 25,000.Of course,he does n't say when.People generally dismiss him as a pathological optimist.Sensex at 7,000 was unthinkable a few months back.Many erstwhile unthinkables are becoming real these days.Who would have thought,scarcely a month back,that a Chinese company would outbid Chevron for Unocal?Who would have known that Jap funds would flow to India to nudge the Sensex past 7K?Is it unthinkable that a part of Chinese wealth now going to US treasury,may find its way to Mumbai stock market?With Globalisation apace,the locus of the unthinkable keeps shrinking.Chinese funds will soon drive Sensex if only because it is unthinkable now.Market capitalisation of Indian companies,presently around $400 billion,can easily be swayed by funds from our neighbour.But why should the Chinese be interested in Indian stocks?That is a million yuan question,as of now.