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.
Tech View: Nifty forms high wave type candle. What traders should do on Thursday
Nifty ended 17 points lower on Wednesday and traded sideways. Thereby, it failed to show any significant directional breakout. Move above the immediate resistance of
May 15, 2024