First correction, then highs: What analysts predict for Sensex, Nifty post Budget
10 years, 9 months ago

First correction, then highs: What analysts predict for Sensex, Nifty post Budget

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Markets appear to believe planned reforms aren’t just promises but will be implemented. The BSE Sensex will keep setting new record highs in the coming year, after a small correction in the next few months, a Reuters poll found on Thursday. The Sensex, already trading near all-time highs, will rise to 27,750 points by the end of December, according to the median forecasts in a poll of 24 analysts taken in the past week. In a March poll, analysts underestimated the positive sentiment surrounding Indian stocks, forecasting the Sensex at 23,000 around now and 24,500 at the end of this year. Foreign institutions invested nearly 300 billion rupees into Indian equities in March and April, compared with just 21.2 billion rupees in the first two months of the year.

History of this topic

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