Finance Minister P Chidambaram on Wednesday advised retail investors in the stock market to exercise caution as the benchmark index nears the 18,000-point level, while welcoming the interest shown by foreign institutional investors.
"I do not think retail investors are entering the market at this level. I would advise them caution," he told reporters.
There is apparently lot of interest from foreign institutional investors, the finance minister said, adding: "Why should we not welcome it."
The Sensex went up to 17,953.07 points in intra-day trading on Wednesday, but came down from that level.
With US Federal Reserve