See Sensex at 40K in one year; consumption, banking and infra to drive mkt higher
Seeing the macro conditions in India, we can comfortably set the target for Sensex in the next one to one and half years at 40,000. The first leg of the market cycle in the coming sixmonths will be driven by consumption, and then in the next half Banking will drive the markets, further 12-18 months from now, the infrastructure segment will come to support. So for 3-5 years, we are in a bullish trend for growths.
From the time Narendra Modi came to power, the investor inflows into Indian equity markets have been over Rs 2 lakh crore. So, in the last 3- year’s flows have doubled to the flows seen in last one decade before May 2014.
This shows us that the confidence of an Indian investor towards the economic growth of the ruling government, he said
The domestic flows into mutual funds have been steady throughout the year but if one is looking at the delta in terms of rise in valuations of India then it could be the FII flows, which have been volatile throughout the year. But with Modi government gaining majority in Rajya Sabha, macro conditions improving in India, Implementation of GST and earnings of companies improving the Indian Markets are in the mother of all bull run.
Happy Investing
Seeing the macro conditions in India, we can comfortably set the target for Sensex in the next one to one and half years at 40,000. The first leg of the market cycle in the coming sixmonths will be driven by consumption, and then in the next half Banking will drive the markets, further 12-18 months from now, the infrastructure segment will come to support. So for 3-5 years, we are in a bullish trend for growths.
From the time Narendra Modi came to power, the investor inflows into Indian equity markets have been over Rs 2 lakh crore. So, in the last 3- year’s flows have doubled to the flows seen in last one decade before May 2014.
This shows us that the confidence of an Indian investor towards the economic growth of the ruling government, he said
The domestic flows into mutual funds have been steady throughout the year but if one is looking at the delta in terms of rise in valuations of India then it could be the FII flows, which have been volatile throughout the year. But with Modi government gaining majority in Rajya Sabha, macro conditions improving in India, Implementation of GST and earnings of companies improving the Indian Markets are in the mother of all bull run.
Happy Investing
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