Experts including Chris Wood, Mark Mobius, Shankar Sharma, and Sandip Sabharwal predict that BSE Sensex could hit 100,000 within the next 4-5 years, taking into account the strong economic growth of India. Wood said that the 30-stock index reaching the 100,000 mark in 5 years was reasonable, and Mobius believes that the good companies in India will likely grow at double the country’s rate. While Sharma was “absolutely certain” that Sensex would reach the 1 lakh mark. Sabharwal noted that even a conservative prediction for the GDP growth rate at 7% over the next 5 years could lead to a strong possibility of Sensex hitting 100,000.
Commodity Radar: Sell gold on rise as yellow metal consolidates. 5 technical factors to watch out for
Gold prices experienced rangebound trading on Monday, influenced by easing US-China trade tensions and a strong U.S. jobs report that tempered expectations of Federal Reserve