Indian market may see high-voltage activities ahead:
“An earnings growth between 20-25% and multiple rerating from 15x to 16-17x in the next few years can lead to a 25% compounding of Sensex returns, which will take it to 1,00,000 levels by Calendar year 2020!” – Karvy Stock Broking said in its latest report.
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Global markets are on a roll with markets all across the globe, making new highs easily. S&P 500 and Dow Jones in the United States, DAX and FTSE in Europe, and Sensex in India, are on a strong footing with S&P 500 comfortably placed above 1900, DAX nearing 10,000, and Sensex closing at an all-time high of 25019. The bulls seem to be in complete control of this global rally and have clearly decimated the bears or the pessimists.
India is indeed the darling of FIIs, who have…
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Namta Gupta 