Optimistic analysts believe that Sensex to touch 45k by 2020
Back in 2007, when Sensex had touched 20k mark, the street expectations were very bullish, and the investors were feeling that the Sensex would be going for 30k mark very soon. But the then financial crisis of 2008 snatched away all the cheer of the investors.
The Sensex then took around ten years to touch the 30K mark in 2017. It had touched this mark, back in 2015 as well, but could not sustain that level for long and slipped thereafter.
The liquidity in the markets is on an upward trend, not just in India, but all over the globe. At times when foreign institutional investors are taking out their money from Indian equities market, the domestic institutional investors are seen to be pouring in money in the market to keep it at higher levels. This is one of the reasons why many market experts are optimistic.
The earnings growth along with the implementation of government reforms in Asia’s third largest economy are likely to act as a fuel for further rally of major indices in the market.
Some market analysts believe that the Sensex would hit the 45k mark by 2020. Hope this dream of the analysts comes true and markets see all-time highs.