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The Nifty50 which lost little over 300 points from its recent high of 10,490 is all set to conquer 10,500 by the end of the year. The index lost around 3 percent in a hurry but investors have nothing to fear as the rally could stretch above 10,500 by December-end.
Investors who missed the rally in the last few month have nothing to worry about because the rally in Indian market is not yet over. We are heading for record highs even if US Federal Reserve raises interest rates or crude stays at elevated levels.
The S&P BSE Sensex which lost about 1,000 points from the recent top of 33,865 recorded on 7th November is all set to claim Mount 34K by December-end, according to a poll conducted by Moneycontrol. As many as 17 CIO’s, HoR, fund managers participated in the poll.
A close call but as many as 41 percent of the poll respondents feel that the S&P BSE Sensex is likely to scale above 34000 by December-end, while the rest 35 percent feel that it will stay in the range of 33000-34000.
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