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RE:SENSEX WILL SEE 8000 by end of 2008
by Ajay on Mar 17, 2008 09:27 PM

RIL makes money by selling gasoline and other petrolium derivatives in North America. Now if North American demand for galosine decreases where will RIL sell it's product.

No one is suggesting gasoline will not bre required come 2010, however there would be a move away from it. Correct electric enrgy will be required and renewable and Nuclear have lead on this. Hardly any electricity is produced by Gasoline, Coal yes Gasoline No.

The issue being discussed was share valution and whether they are based on sentiment or financial prudence. So in case or RIL if there is no market to sell gasoline in there is no reason for it to be worth 15% of indian equity market.

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The 10 biggest falls of the Sensex